We expect rates to trend downward slightly over the next half year. Mortgage rates usually factor Fed actions into their calculations three to six months ahead. Mortgage rates won't drop too much further. Remember one thing, always use a local lender. That means a lender in the area where the property is located.
Real estate is a local business.
The median price has been rising steadily. This reflects that more expensive homes are being built, and sold. The average price took a large jump in June, then backed down in July, then zoomed again at the end of the year. It is still up substantially over last year. Notice that homes are selling for close to their asking price.