Market Update: Existing Home Sales Dipped in March

The National Association of Realtors just announced that existing home sales dipped 3.7% from February to March.

Bill Banfield, Rocket Mortgage Executive Vice President of Capital Markets, had the following comments on the news:

“Eager homebuyers sat on the sidelines in March as they waited for their perfect home during the ongoing inventory crunch. The good news is that the houses that are on the market are selling fast and returning healthy profits.”

If you would like to speak to Bill about this or any other topic, please contact us.