And the Spring Housing Forecast is …

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Spring is typically the busiest time for the housing market and, after a year of high list prices and mortgage rates and low inventory, there is cautious optimism in the real estate industry.

And, so far the news is good for homebuyers. There were nearly 15% more homes for sale in February this year than in February 2023. More good news: 20.6% more properties priced between $200,000 and $350,000 than a year ago.

While mortgage rates continue to fall, the Fed’s fight against stubborn inflation may slow their decline.

All in all, most analysts see an improvement over 2023 but nothing like the pre-pandemic year of 2019.