With home prices reaching record heights, affordability plays a huge role for buyers. High mortgage rates are also making monthly payments more expensive; as of May 4, the 30-year fixed mortgage rate sits at 6.39%.
In the 35 years that Sylvia Korey has lived at 3450 Roundwood Manor, the former country home of the Van Sweringen brothers, there have been too many memorable events to fully recount.
The average sale price for a single-family home in the region was $225,361 in March, up only 0.9% from a year before, according to listing-service data.