Oil just dropped $30 in a month. Mortgage rates are finally coming back down. And pending home sales jumped 5% year over year in May.
The Iran deal that reopened the Strait of Hormuz is bringing real relief. Oil hit $78 per barrel as of June 16. Inflation peaked at 4.2% in May but should ease as energy costs drop. Mortgage rates climbed above 6.5% but have already fallen a quarter point since their mid May peak.
Here's what surprised everyone: inventory only grew 2% while buyer demand surged 5% according to Realtor.com. That's momentum heading into summer, not the slowdown most people expected.
If you've been waiting on the sidelines for the right time to move, this is what a turning point looks like. Rates are improving, costs are stabilizing, and buyers are back in the market.
DM me directly and I'll show you exactly what this means for your situation. I'll get back to you within the hour with a personalized market breakdown.
