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Agents Just Called It. The Market Is Balancing. Free Content Friday below
Agents Just Called It. The Market Is Balancing.
The market found its equilibrium this week. Per CNBC's Housing Market Survey, agents are now reporting a balanced market for the first time this year — no longer tilted toward buyers or sellers — a shift that lines up with Redfin's data showing the buyer advantage that built all spring started narrowing last month. Consumer sentiment is still fragile (University of Michigan's final June reading came in at 49.5, a third straight monthly decline) but it's climbed 4.7 points off May's 74-year record low. Rates ticked up slightly this week per Freddie Mac, though they remain lower than a year ago, and Treasury yields are easing this morning as markets absorb the Iran situation. For agents, the message is simple: sellers need to price right from day one, and buyers who move now can negotiate from reality instead of desperation — before sentiment fully recovers and bidding wars return.
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Agents Just Called It. The Market Is Balancing. Free Content Friday below
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