Weekly housing data shows a gradual normalization after winter lulls, with new listings beginning to expand and buyer activity picking up as market data returns to typical seasonal patterns. Elevated inventory in many areas is giving buyers more options, and while demand isn’t exploding, it’s stabilizing relative to recent months. Overall, the market is moving toward balance rather than extreme conditions, with affordability improving and seasonal activity increasing as we head into spring. Mortgage rates continue to hover near 6%, a level that’s still higher than historic norms but lower than recent peaks. This has helped improve monthly payment affordability, especially for first-time buyers, which is supporting renewed interest among prospective homeowners.
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