The latest data confirms what many expect: the pendulum is swinging again. Nationally, mortgage applications fell 1.8 % last week, with purchase volume down 3 %, though still ~20 % above last year’s levels. (Mortgage News Daily)
What does this mean:
Buyers: You have more negotiating power now. With rising inventory and price cuts, don’t rush — but don’t wait forever.
Sellers: The era of “list high, hope for bidding” is waning. Smart pricing, staging, and turnkey presentation are essential.
Investors: Be selective on location and absorption — oversupply risk is rising, especially for product types in weaker demand zones.
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