Usually, we tend to see abundant inventory & higher consumer demand in the first five months of the year. That wasn't the case for this year as we started out like a rocket in the first 3 months, then took a dive. Instead of the first 5 months being the selling season, this year it could be pushed back to the summer. As the stock market has been climbing its way back to nearly 15 %+, I'm seeing a wave of new
home buyers entering the market. Many of them are too new and green to actually be offering on homes but they are poking around at this point. At the Fed's meeting
tomorrow, I'm not confident they'll announce any rate cuts, but going into the summer, it's highly anticipated that some sort of cut will happen. This means there's a chance we see a booming summer rather than its traditional wind-down. More consumers plus rate cuts could result in higher prices in the next few months. It's speculation, and possibly an optimistic outlook, but I do know qualified buyers are still out there; they just have less money and are more cautious.
