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What's Up May 18 Version

Real Estate Broker/Owner with PMI. Destin

The good news (for the housing market at least) continued this week, with flat retail sales and a cooler CPI figure.

Average 30-yr mortgage rates dropped back below 7%. 7% seems to be the answer to the rest of the question for the rest of the year. 

More inventory + improved affordability = good signs for transaction volumes in the coming months.

#housingmarket #realestatenews #housingmarketupdates #realestatemarket #mortgage #realestate #whatsupwithrealestate

Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

A sub 7% interest rate will be more the norm going forward. People expecting it to drop back to the historic lows missed the boat.

May 18, 2024 08:49 AM