There was some interesting news this past week: the “experts” were looking for a 1% decline in home sales during the month of May. Actually, the number of sales increased by 2% that month!
And, if you haven’t noticed, the number of homes on the market continues to decline. All of this is good stuff for homeowners and their equity, but a warning bell for potential buyers who continue to wait.
Interest rates ticked down again in some programs last week. Where loan rates will begin the week of June 31.