Well Balanced Market Update Matise Mortgage Team 5/8/23

Market Update:

Recent data showed that there were nearly 200,000 fewer active listings at the end of March than there were in November. Lawrence Yun, chief economist for the National Association of REALTORS®, confirmed, “The lack of housing inventory is a major constraint to rising sales. Multiple offers are still occurring on about a third of all listings, and 28% of homes are selling above list price. Limited housing supply is simply not meeting demand nationally." - MBS Highway

Takeaway:  Realtors are selling a product that is likely to appreciate, and is a safe investment for homebuyers based on the current environment.  Realtors can be confident that they’re bringing massive value to the market.

Quote:

"The most important thing in communication is hearing what isn't said." — Peter Drucker

Fun Experiment:

Call a friend and let them know you can’t talk right now.  Report back results.  LOL