|Well, the good news just keeps rolling in this year! This is the first report we’ve seen where both new listings AND active listings have increased year-over-year by a substantial amount. Of course, these increases don’t come close to pre-pandemic norms, but this is still excellent news for buyers. Even with the Fed holding interest rates steady, the 30-year fixed mortgage rate actually fell to 6.63%, the lowest point since December 27th. With buyer purchasing power up, it’s little wonder that houses are selling faster than they were in 2019!
James and David, The Blueprint
February 02, 2024