Interesting article from the perspective of a continuing improvement of the real estate market. If more inventory is available from sellers that want to sell than the market will continue to move toward a more normal real estate market.
We are not there yet. Buyer are having a hard time finding the right property due to lower inventories and they are still concerned about financing. It was reported widely that a lot of cash buyers contributed to sales in Q 1.
“The share of respondents who believe it’s a good time to sell a home increased for the third consecutive month to an all-time high of 42 percent, an encouraging sign since many potential homebuyers will need to sell a home before entering the purchase market.”
“In addition, the share of respondents who say it’s a good time to buy a home remained steady at 69 percent following a gradual climb since the beginning of the year. Notably, although consumers remain generally split regarding their ability to get a mortgage, fewer respondents are concerned about losing their job – which may encourage potential homebuyers to enter the market.”