Activity has been picking up as we begin to thaw out from the Winter.  It may not seem that way at first glance of the market update below, but I can assure you it's getting competitive.  I have a couple clients under the 450k price range that are competing against multiple offers on every house so far and over list price. 
We got some negative CPI news yesterday that juiced the 10yr bond yields, thus 30yr mortgage rates.  However, we have over a month of time and lots of data to come out before the next Fed meeting in March which should give us a clearer picture of mortgage rates right as Spring officially begins.
You'll notice active homes ticked down in the market update, but one needs only look at the pending sales increase to confirm the activity hitting the market early that I've been experiencing first hand with my clients.  Now if we can follow this up with more new listings over the coming weeks, home shoppers could be doing a happy dance with more options available to them.  

What are you seeing or hearing? I'd love to know paul@guiderealestate.com
Visit www.paulpelettarealtor.com