What’s causing the shift in mindset amongst buyers and sellers this year? 

Jamie Dimon is the CEO of JPMorgan Chase gave some advice to the fed this week, reminding them that their credibility is at stake here.  He said they can always cut fast when the right time comes, but he doesn’t think the time to cut is here.  He also said that even though everyone seems to be betting on a soft landing – meaning the Fed tames inflation without putting us into a job loss recession – at like 70-80%, the odds of it actually being that we don’t end up in a recession are less than half of that.   

All that being said, I’ve personally noticed mortgage applications continue to tick up.  I’ve noticed borrowers are a lot less rate focused.  So maybe size doesn’t matter…if you watched our monthly Property Pursuits market update, you’ll catch my joke.  If you missed it, watch it here. 

I’m definitely seeing that people are done waiting and I’m wondering if we will see sellers follow suit and a slight uptick in inventory, especially heading into the spring/summer buying season.  I’d love to hear your comments below, is the market already heading up where you are?  Are you seeing any more inventory?  What do you predict for this year’s busy buying season?