The Conference Board released their Leading Economic Index, which decreased in July by 0.6%. We expected -0.3. The index has been negative 27 of the 28 months.

The LEI has been trending down but the long-term growth has become less negative. Meaning the economy is decelerating but at a slower pace “soft landing”.

With Mortgage Rates decreasing and likely to drop further, this trend could encourage more sellers to reenter the market. Lower rates can lead to increased buyer activity. Sellers are anticipating stronger demand and favorable conditions for selling.

Many of us are sitting on the sidelines, waiting to get in the game. Well, we’re already halfway through the first quarter, so it’s time to put on your helmet and get on the field.