Hey, so remember when mortgage rates shot up a while back? A bunch of folks hit pause on their moving plans, worried about snagging a new place with higher rates. But guess what? Times might be changing.

According to the stats, more and more homeowners are thinking it might be time to shake things up and move on. Mark Zandi, Chief Economist at Moody’s Analytics, explains:

“Listings are up a bit as life events and job changes are putting increasing pressure on locked-in homeowners to sell their homes. Homeowners may also be slowly coming to the realization that mortgage rates aren’t going back anywhere near the rate on their existing mortgage.”

A Bank of America study found some interesting reasons why homeowners are considering selling, even with rates where they are now.

So, what about you? What’s your moving mojo? Are you eyeing that dream job out of town, craving a community vibe, or just itching for more space? Maybe you’re after a slice of adventure or thinking about turning your next place into a sweet rental property.

Here’s the scoop: Mortgage rates are expected to drop later this year, and when they do, expect a stampede of buyers flooding the market. So if you’re thinking of waiting until rates dip, just know you’ll be elbowing with more competition.

But hey, should you pack those boxes now and hit the road? Well, it’s a bit of a mixed bag. You gotta weigh today’s rates, where they’re headed, and what would really push you to make a move. Talking to an expert could help you figure it out.

Long story short, other homeowners are getting comfy with the rates and making moves. Let’s chat about what floats your boat and whether it’s time for you to dive back into the market too.