Consumer Sentiment moving up. We are back to Multiple offers, Again.

The Consumer Sentiment shows greater optimism as inflation eased and policymakers resolved the debt ceiling crisis. This is a 28% increase from the historic low of 51.5% in July 2022.

Anecdotally I have been seeing multiple offers on almost all of my clients purchases. This is backed up by Redfin recent report showing 33% of transactions have been sold over asking price.

If you are not fully underwritten by your lender, ask why and if you don’t get a good answer, let me know. The key to an accepted offer is a fully underwritten file with no conditions except the appraisal.

Have a fantastic weekend. 100 degrees in Palm Springs CA tomorrow but its a dry heat…


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