After more than 40 years guiding buyers and sellers in Richmond, I've seen how mortgage rates can shape the entire real estate landscape. Looking ahead to 2027, with rates now expected to stay higher for longer, financing costs will likely continue to play a major role in homebuying decisions. Even if the broader economy picks up, a slower rate decline may mean demand stays a bit softer than we've seen in past cycles. Many buyers are already exploring creative solutions—like rate buydowns and adjustable-rate options—to make their purchase work. As a result, I anticipate home-price growth will likely remain steady rather than surging, since higher borrowing costs make aggressive bidding less common. For those navigating these choices, having a seasoned advisor by your side can make all the difference.