Housing Market Readjusting to Normal Balance

According to an article published on the National Association of Realtors® web site today, their chief economist, David Lereah said, “The cooling from overheated sales conditions in recent months is helping to bring inventory levels up to the point where buyers have more choices than they’ve seen in the last five years.” A lower level of home sales expected this year will create a more level playing field for buyers and sellers on the heels of a five-year sellers’ market. The complete article is here.