When I first started selling real estate, I heard the phrase often enough: “Whether the market moves up, down, or sideways, it’s almost always interesting.”

True.

It’s also almost always changing. And the winds of change are here again. A few articles this morning caught my eye and I’m bringing them in here along with the experience of what’s going on around me that I see.

For sure, I’m seeing more clients interested in buying now that the market for the most part has bottomed out. Even if we haven’t quite hit the vrey bottom yet, buying a home is more affordable than it has been in a long time and so the fence-sitters have jumped in.

Today is the Fed Fund’s meeting and most economists expect a rate cut. Although the Fed rate cut doesn’t directly affect mortgage rates, it does have an indirect effect downward.

The National Association of Realtors revised their forecast upward. Okay, it was very slight, but it is at 5.7 million, higher than the 5.69 million homes they predicted last month.

Obviously, the jury is out on the final verdict. But it’s not that hard to see the changes.

blog comments powered by Disqus