{"id":25,"date":"2026-10-01T14:00:00","date_gmt":"2026-10-01T14:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/teitsmateam-com\/2026\/10\/01\/us-buyers-navigate-14-month-cost-high\/"},"modified":"2026-10-01T14:00:00","modified_gmt":"2026-10-01T14:00:00","slug":"us-buyers-navigate-14-month-cost-high","status":"publish","type":"post","link":"https:\/\/www.teitsmateam.com\/blog\/2026\/10\/01\/us-buyers-navigate-14-month-cost-high\/","title":{"rendered":"US Buyers Navigate 14-Month Cost High"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/michelle-teitsma\/mortgage-costs-high-0a00\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>As we guide clients through the ever-evolving West Michigan market\u2014including Spring Lake, Grand Haven, and Muskegon\u2014we\u2019re keeping a close eye on national trends that shape local experiences. By late Q3, the average US buyer\u2019s monthly payment climbed to $2,600, marking a 14-month high as mortgage rates rose and median sale prices held steady. With the national median home-sale price up about 2% year-over-year to roughly $399,000, affordability remains a real challenge\u2014something we\u2019re hearing from both first-time buyers and those looking to move up. This affordability squeeze is one reason pending sales have stayed flat month-over-month and trailed last year\u2019s levels.<\/p>\n<p>We also note that mortgage-purchase applications dipped slightly, and while new listings slowed with the holidays, they\u2019re still modestly above last year. Sellers are adapting: about 21% of active listings adjusted their prices, and we\u2019ve seen firsthand how strategic pricing draws attention while overpricing can leave a home lingering on the market. Inventory is showing signs of improvement, with active supply up about 2% year-over-year to 1.5 million homes\u2014nearing a four-month supply, but still not quite a balanced landscape.<\/p>\n<p>Our team\u2019s decades of experience\u2014especially with waterfront and single-family homes\u2014helps clients navigate these shifts. Whether you\u2019re considering a move or weighing your options, understanding how national numbers translate to our lakeshore communities is key.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As we guide clients through the ever-evolving West Michigan market\u2014including Spring Lake, Grand Haven, and Muskegon\u2014we\u2019re keeping a close eye on national trends that shape local experiences. By late Q3, the average US buyer\u2019s monthly payment climbed to $2,600, marking a 14-month high as mortgage rates rose and median sale prices held steady. With the [&hellip;]<\/p>\n","protected":false},"author":512,"featured_media":26,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/posts\/25","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/users\/512"}],"replies":[{"embeddable":true,"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/comments?post=25"}],"version-history":[{"count":0,"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/posts\/25\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/media\/26"}],"wp:attachment":[{"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/media?parent=25"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/categories?post=25"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/tags?post=25"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}