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Spring Surge?
Sluggish sales could spur Spring supply
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Splits and Caps Daily: Action for Agents
February 14, 2025
đ Market Move:
Patient for Purchasers
The housing market is in a bit of a mess right nowâdemand is sluggish, mortgage rates are high, and sellers are feeling tired. But here's where it gets interesting: price cuts are on the rise, and more inventory is hitting the market. This could lead to some spring deals for buyers willing to negotiate.
Sellers have been pulling listings left and right, with January seeing the most pulled listings in a decade. But with the season changing, we might see sellers come back into the game, even if it means slashing prices. The key question is whether they'll be willing to hold out for buyers, especially with mortgage rates still hovering around 7%.
But for buyers, thereâs a silver liningâinventory is creeping up, and with prices falling, it could be a good time to strike. Donât expect rates to drop drastically anytime soon, though, with inflation still a factor. The spring market might be volatile, but those looking for deals could find them "on the margins" if they're ready to make a move. The key will be whether sellers can muster the patience for the long haul while buyers start nibbling around the edges.
đQuote of the Day:
"Every strike brings me closer to the next home run." â Babe Ruth
⥠đđ¤ Agent Poll
Whatâs your number one priority right now? |
đ Fun Fact of the Day:
Listing Love: Did you know that nearly 40% of all homebuyers say they would be willing to relocate for love? So, if youâre trying to close a deal, maybe mention the potential for romance in a new city. đđĄ
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