Im gonna make an early call with less than full confidence. Last year in late April I noticed a slight shift of the market coming back and called that. I told my Title Insurance rep and she thought I was nuts but I was seeing green shoots and they kept growing. Typically the market slows down considerably come early june. Last year it never stopped and has kept roaring straight through.
Pouring over data as I do, I can just feel a slight slowdown starting. Its not a reversal or anything close, its more a restoration of the secular cycles we have always seen. We arent getting much inventory but we are slightly building inventory levels. I could be wrong and I’ll update as I follow this but right now I get a sense July and August perhaps even June will be a little more bearable for buyers. If you are out beating the bushes, hang in there. Gonna follow this to see where it goes the next several weeks