Market conditions have been a bit of a wild ride over recent years, with affordability and inventory challenges, coupled with other economic headwinds, keeping buyers and sellers on edge. Rate lock-in has many sellers awaiting better conditions to make their move, while high home prices have buyers doing the same. What the industry as a…
There is no quantitative, universally recognized definition of a “buyer’s market” or a “seller’s market.” But that shouldn’t stop real estate professionals from recognizing or calling out when the balance of power has shifted—as it seemingly has in recent months. According to RISMedia’s most recent Broker Confidence Index (BCI) survey, most brokers feel their markets…
The latest monthly data from the University of Michigan’s flagship survey of consumer sentiment found less consumers mentioning interest rates as a barrier to big purchases like homes and cars, while the ongoing government shutdown so far is not having a huge impact on how people view the economy. At the same time, sentiment fell…