Birthday week, baby!  Let's dive in.

Last week was the 3rd week of the month, and it includes the monthly market update where we can see MoM changes.  Those changes last week involved April into May.
I like to give a bigger picture view once a month.  However, I write this email every week because I am most interested in subtle changes and staying up to date in the action.  I believe this allows me to price my homes more effectively for my listing clients, and adjust my buyers contract pricing approach very effectively.
If you remember from last week, the MoM numbers showed inventory continuing to increase, pretty sure up 14% was the number.  However, recently, it feels as though the market may be stalling.  It's almost as if it's following the Summer weather, kind of cool with a light breeze.  I'll share the WoW image below...you'll see the inventory line starting to flatten out.  It feels like that in my daily email inbox as well, just not a long list of activity recently.  

What does this mean?  It means there was never a need for fear just because inventory was growing.  We were/are simply working back to normal levels.  Sellers aren't stressed.  Yes, homes that are mispriced are sitting longer, decreasing their prices, but in general well priced homes are selling.  Buyers are in a period of preparation and are hopefully taking advantage of the stagnation to put themselves in a good position to act when ready.  I highly recommend checking out this week's article of the week down below.  It includes one of my favorite recommendations to house hunters...the 80/20 rule.
There are rumblings as of yesterday from Fed members about cutting interest rates as soon as the next FOMC meeting in July.  If that happens, things start to get juicy.

See you in July!

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

My most recent purchase is $MDXG.  Here's a summary from Seeking Alpha:

Sign up for Robinhood with my link and we'll both pick our own gift stock  https://join.robinhood.com/paulp-89188604

This is not investment advice, simply what I am personally looking at and have already bought or looking to buy in my Roth IRA.