06/14/2026
As we step into the spring home-buying season, it's crucial to understand the dynamics of the current market.
Did you know that existing-home sales are projected to increase by 0.3% this May?
This is a promising sign, especially considering the recent rise in mortgage rates, which have impacted buyers' purchasing power by approximately $11,000.
While the economy shows resilience, it's important to note that the market is still operating below pre-pandemic levels, with sales nearly 18% lower than the 2018-2019 average.
In areas like Provo, Utah, and Nashville, Tennessee, new listings have rebounded, leading to a healthier sales environment.
However, in higher-cost markets, affordability remains a significant barrier.
If you're considering buying or selling a home, understanding these trends can help you make informed decisions.
Let's navigate this market together!
Reach out to us for personalized guidance and support in your real estate journey.π‘πΌβ¨
Source: . Read more here: https://themortgagepoint.com/2026/06/09/more-sellers-equals-more-sales-but-buyers-must-reach-the-price/?utm_source=rss&utm_medium=rss&utm_campaign=more-sellers-equals-more-sales-but-buyers-must-reach-the-price