Welcome to April and Spring!  I am super happy and grateful we got all this rain, but I am ready for some sun, green leaves and blooming flowers.  Despite the change in seasons, we still haven't seen the housing seasonal inventory bump.  When is it coming? Is it coming?  History says it's coming, so I remain patient and will advise accordingly.  With that inventory news, the other themes remain the same.  Buyer demand remains strong, which is bringing back the dynamic of a stronger seller's market.  Home prices remain resilient, so a homeowner looking for an opportunity to take advantage of their equity is in a very good position if they were to choose to take advantage.  This scenario could play out well with mortgage interest rates continuing to trickle down towards 6%.  Ideally we can break under and hold below 6% this time.  If that happens, even more buyers on the sidelines will come back, and it becomes even more imperative to see that inventory bump up.  Otherwise, we will find ourselves in another version of 2021, unhealthy market dynamics.
Let's see!


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