The Powerball jackpot is over $900M and yes I bought a ticket this morning. But it begs the question; Dreams are fun but reality is real.

I have met and talked to many buyers and sellers who voice the same sentiment. “We are just waiting for the rates to go down” and “I heard home prices might drop next year”.

Redfin released their housing report for June, showing what we already know, housing supply remains very tight. Active listings are down 15% Y/Y and equally as important New listings are down 31%.

More inventory is not coming online and this is keeping home values up.