The Super Bowl ended. There is still no three peat NFL champion. And now, the NFL season is over...which means baseball is set to begin! Baseball and Spring are on the horizon, two of my most favorite things. Can the real estate market hit it out of the park this year? We shall see. As I stated last week, the local market is feeling pretty calm right now. We start this week with an uptick in market action. There is still a steady flow of new homes being listed for sale increasing the inventory but not nearly enough to make a huge difference, so we remain firmly in a strong sellers market. Buyers have shown to be pretty picky to start the year, and that's fair. Sellers that do want to sell should be paying attention to that and either be very realistic with their price, or make some improvements and/or repairs before listing. We'll discuss some more stats next week with the MoM market update stats. We have some economic news this morning with CPI numbers being released. We'll need to see how the 10yr yield reacts. I am also tracking any more tariff talk and how that could affect the 10yr yield and thus, the 30yr mortgage rate. I look forward to seeing everyone that signed up at the Pizza My Heart event tomorrow afternoon! What are you seeing or hearing? I'd love to know paul@guiderealestate.comVisit www.paulpelettarealtor.com |
