Here’s what CCAR President Amy Wells had to say about the September market:
“Even as the weather is starting to get colder, the market continues to show signs that the ‘lock in effect’ may be starting to thaw. We’re seeing slight – but consistent – increases year-over-year in closed sales and overall inventory levels vs 2024, and the market seems to have settled in at around three and a half months of inventory. Historically that’s still low, but it’s a lot better than what we were looking at in 2023.
What this suggests is that despite persistently high interest rates and economic uncertainty, life finds a way. People end up needing to move for a variety of reasons, a growing family, looking to downsize, or finding the house of their dreams, and we’re starting to see a willingness for some to move on from a loan with historically low rates to find their next home that fits their needs better.”
As part of your CCAR and RMLS memberships you receive access to monthly market action reports from RMLS. CCAR condenses these market reports down into sharable graphics that you are encouraged to download and share with your clients, or share on your social media accounts.
Simply click an image in the below to download it.
