I’m in Boston MA this week so this will be a quick post.

Chicago Fed Pres, Austan Goolsbee stated this morning that the risk of inflation remains higher than they would like.

Bess Freedman CEO from Brown Harris Stevens stated the obvious or what I have stated for the last year, that demand remains high and no inventory. Once rates come down, More inventory will come onto the market and home values will decline.

Except the last part. There is so much pent up demand for homes that even if we doubled or tripled the inventory we still may not have enough. Home values may adjust but The consensus is not meaningful.

We are headed for a perfect storm in a very good way. Rates will drop with inflation but when we can’t say. Get yourself ready and call us or your lender to get pre-approved with a mortgage checkup.