Good News
Housing is normalizing after two unprecedented "unicorn years"
Return of seasonality is a welcome sign
Prices are rebounding
Buyers are active as housing is normalizing
Reality Check
Homeowners have limited options between rates & inventory
New listings are still declining
Affordability remains the primary challenge
Outlook
New construction is growing, offering more options for buyers and sellers
Expect a moderately active summer season
With rebounding prices, homeowners ready to move are in a solid position
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