Kira Witherwax

VA loans can be assumable, letting buyers take over a seller’s rate and balance—valuable in today’s higher-rate market. Benefits include lower interest rates and fewer closing costs. Challenges include covering the seller’s equity (often cash or financing) and potential impacts on a seller’s VA entitlement, especially if assumed by a non-Veteran. Always review options with a lender or agent.

U.S. existing-home sales fell 8.4% to 3.91 million, down 4.4% year-over-year, despite improved affordability. Sales declined across all regions after recent gains. New listings rose 7.7%, while pending sales dropped 2.6%. Inventory fell 4.1%, and months supply decreased to 4.2. Median price rose to $250,000 locally and $396,800 nationally. Days on market increased to 129 as limited supply continues to drive prices upward.

Buyers sometimes walk away when they hear there’s another offer, saying they don’t want competition. But you’re always competing in a public market. Another offer doesn’t mean you must bid higher—only offer what the home is worth to you. Sellers can reject all offers and wait for others. The only way to guarantee you won’t get the house is by not making an offer at all.