REAL ESTATE MARKET NEWS

The latest real estate market report reveals a dynamic residential sector. Despite a recent drop in mortgage rates, home prices continue to climb, raising affordability concerns. Inventory levels are increasing but remain below pre-pandemic figures, following typical seasonal patterns. Understanding market trends, such as the influence of the 10-year treasury and Federal Reserve policies, is crucial. Buyers are currently driving the market, leading to price reductions when sellers overestimate their home's value. Overall, the market shows a slight increase in inventory and sales compared to last year, maintaining a balanced state.

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