Sellers are re-entering the housing market, indicated by a rise in new listings. This increase is beneficial for buyers, providing them with more options, lower prices, and more time to decide as the busy season approaches. Despite a notable rise in inflation, positive consumer sentiments regarding job security and income growth help sustain the home purchase sentiment. Though mortgage rates have decreased, market expectations suggest they may rise again. Ultimately, these mixed signals are shaping the market dynamics as we transition into a critical homebuying phase.
Sellers are returning to the market, resulting in a rise in new listings and helping buyers find more options and potentially lower prices.
Despite rising inflation, conditions such as positive consumer sentiment and declining mortgage rates may encourage home purchases.
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