Inventories are increasing…

Fewer homes coming on the market, fewer sales, and more price adjustments reflects the past two weeks. It appears we are experiencing a seasonal/holiday affect as well as a slow-down in activity due to higher mortgage rates and consumer confidence.

Inventories Are Up

More new listings hitting the market. Sale pendings are up slightly. Mortgage rates took a fairly steep rise, 5.25% to 5.75% range. There are many different programs for financing available and easy to fit your timeframe and plans.