This is why real estate market is called a market. It is supply and demand. It is good to see that buyers are more optimistic and hopefully they can find the inventory to choose from if sellers do not think it is a good time to sell.
At various times in a market, various segments will overplay others. For example in the beginning of the housing recovery investors were able to take advantage of the lower prices and high demand for rental property. As prices have risen it is not as attractive for investors but they have not gone away.
I just read an article that indicates a potentially indicates down payments on purchases may be lowered. Perhaps this will help lower income and first time homebuyers however they will still have to qualify for a loan.
“WASHINGTON (AP) – Dec. 9, 2014 – Some Americans will soon be able to buy a home with a down payment as low as 3 percent, compared with the current minimum of 5 percent, the mortgage giants Fannie Mae and Freddie Mac say.
The new lending guidelines announced by the companies Monday are designed to help more low-income and first-time buyers afford homes. Millions of Americans lost their savings or no longer had the income needed to set aside money for a home in the aftermath of the 2008 financial crisis and the Great Recession. That has held down the sales of houses and condominiums and slowed the economic recovery.”
“WASHINGTON, DC – Dec. 9, 2014 – While the real estate market continues to improve slowly, Fannie Mae's November 2014 National Housing Survey finds some subtle shifts in consumers' attitudes.
Overall, buyers seems to be more optimistic about whether or not it's time to jump into the market; however, fewer homeowners think it's a good time to sell.”