Why the Inventory Surge Isn’t Triggering More Offers
We’re seeing more homes on the market, which should be good news, right? It is—but there’s a catch.
Many buyers are taking a wait-and-see approach due to elevated mortgage rates, which hovered around 6.7% in early May. Add to that the broader economic uncertainty, including inflation concerns and new tariffs affecting household budgets, and it’s no surprise people are feeling cautious.
While there are more options out there, affordability remains a real concern. In some cases, potential buyers are finding that what’s available still doesn’t match their price point or expectations. Others are waiting for interest rates to dip again.