Market Update: May 15, 2024

Market Update

Optimism is growing about the current home buying season. Inventory is rising and  economic data shows inflation is slowing down.

Have we reached that pivot point with rates low enough to promote affordability and enough homes to buy? Time will tell, but recent data releases show it may be happening.

If you’re looking to buy or sell a home, this is a big deal. While this economy continues to bounce around a bit based on various economic drivers (like inflation and reactions to the consumer price index, or CPI), don’t let the short-term volatility distract you.

The experts agree the upward trend in housing should continue this year.

Our local experts are here to help anytime, so please contact us to discuss which options might be best for you.

We’re here to help. Anytime.

Have questions? Contact us for neighborly advice.

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