Waiting until fall won’t make homes more affordable, but here’s what will

Many folks are hoping that waiting until fall will make homes more affordable, but the numbers tell a different story. Right now, the income needed to purchase a median-priced home in the U.S. has climbed to over $120,000—almost double what it was not long ago. With mortgage rates hovering around 6.5% and prices still on the rise, sitting on the sidelines won’t necessarily lead to better deals. Typical down payments range from 6-9%, though there are still options for low or even zero down if you know where to look. As someone who guides buyers and sellers across Salem, Aumsville, and the Willamette Valley, I’ve seen firsthand that thoughtful preparation makes a real difference in this market. Whether you’re considering your first move or thinking about your next one, being ready is your best strategy.