“There may be more homes for sale, but there’s no excess supply either that could trigger a sharp market correction.”
“Our strong seller’s market has been replaced by a more balanced one that will help stabilize home prices.”
“Today’s improved supply levels have brought much needed stability to home prices,”
“To some, especially sellers, it may feel like the market has slowed dramatically, but that’s because we are coming off the record sales pace of the last two years.”
“The rapid price appreciation of recent years has given way to a period of relative price stability, which is good for buyers since it will allow incomes to catch up with home prices and help offset the recent rise in mortgage rates,”
“With a wider selection of homes to choose from this spring, buyers have become more discriminating. They’re taking more time to find the property that best meets their needs and being careful to stay within a budget,”
“We believe the excess supply on the market is a short-term phenomenon,''
"Demand should once again exceed supply and prices should start to rise again,"
David Lereah – Chief Economist of The National Association of Realtors
"This may be the bottom. It appears May is a little better,"