In theory you could be right lending. I do agree that a good number of homeowners are waking up… unfortunately I still encounter the ostriches. I still run into listing appointments for many homeowners who are looking for that special buyer who will “appreciate this home”. I am serious guys. If I had a buck for how many times I hear that line I would be rich. Most of these sellers also live in the more desireable areas. Big surprise there yeah? So they still cling to unrealistic prices.
Yes some are getting it and yes the rise in the sheer numbers of those people will push the inventory numbers but I don’t believe that factor will push the inventory. I think the simple realization that things are not getting better sooner and will get much worse is much more of a driving reason.
The best part of the original statement was the “perception of rate cuts”
what rate cuts?
Seriously…the 10 year had already priced in the fed moves for the past several weeks. HLS had a pretty telling post recently about a VERY brief spike in the rate sheets that was vaporized in a less then a few hours. So what rate cuts are we talking about?
Also predicting a rampant rise in inventory during spring is not making headlines. I know the post topic had no choice because this is when the rate cuts happened.
