Rochester real estate broker Jeff Scofield makes a counterintuitive case: the moment buyers have been waiting for — lower interest rates — will actually make buying a home harder, not easier. With only 0.3 months of housing supply in Monroe County and homes selling in 8 days at 111.9% of list price, Rochester is already one of the tightest markets in the country. When rates finally drop, a surge of buyers will pile into the same constrained inventory. Jeff's advice: buy now at 6.37%, lock in your price, and refinance in a few months.

Jeff also explains why the Fed held rates at 3.5–3.75% on March 18 — the Iran-Israel war pushed oil past $112 a barrel, keeping inflation pressure alive — and what that means for Rochester buyers planning their timeline.

Attorney John Marchioni joins to break down a significant change to Monroe County Bar ...