The same $800K home could now cost you about $300 MORE per month. 📈🏠
Why? Mortgage rates moved from around 6.9% in late August to roughly 7.5% in this example.
That doesn’t mean you should automatically stop buying — but you DO need to understand your payment, purchasing power and available strategies before making an offer.
And sellers: this is NOT the market to test an unrealistic price. Buyers are already dealing with higher monthly payments, so proper pricing can make the difference between selling and sitting.
Buying or selling in Southern California? Let’s build a strategy around today’s market.
📲 Call or text Ray Miramontes at
562-600-9793.
The Mira Group | Circle Real Estate
DRE
#01931740
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