Financial Considerations for Real Estate Buyers

At SoList, we believe that informed decisions lead to empowered buyers and confident sellers. Whether you’re purchasing your first home, upsizing to fit your growing needs, or preparing to list your property, understanding the financial side of real estate is key.

On this page, you’ll find the most up-to-date insights on mortgage rates, affordability, selling costs, and market trends—curated from trusted national sources and tailored to the unique conditions in markets like Atlanta, Georgia and beyond. From the latest interest rate shifts to strategic tips for maximizing your investment, we’re here to help you navigate the numbers with clarity and confidence.

Let’s break down what buyers and sellers need to know in today’s market—and how SoList can guide you every step of the way.

Current Mortgage Rates and Affordability

• As of April 25, 2025, the average 30-year fixed mortgage rate is approximately 6.79%, a slight decrease from earlier in the year.
• While rates have stabilized, they remain significantly higher than the pandemic-era lows, impacting monthly payments and overall affordability

Home Prices and Market Trends

• Zillow forecasts a nearly 2% decline in U.S. home values by the end of 2025, marking the most significant drop since 2012.
• Despite this, certain regions, particularly in the Northeast, may continue to see price increases.

Income Requirements and Budgeting

• With higher mortgage rates and home prices, buyers need to assess their financial readiness carefully.
• Creating a detailed budget that includes down payment, closing costs, property taxes, and insurance is crucial.

Long-Term Investment Horizon

Climate Risk and Insurance Costs

• Rising climate-related risks are leading to increased insurance premiums, particularly in vulnerable areas like Florida.
• Buyers should factor in these potential costs when evaluating properties.