Bidding Wars Round 2, Price Drops ease up, and Serious Mortgage Delinquencies lowest since 1999

If you told us in 2023 that we would see the return of buyer bidding wars, the number of homes experiencing price drops would be in decline, and that serious mortgage delinquencies lowest since 1999….we probably would have laughed. But here we are at the end of January and this is REALLY happening in the market. While we can’t ignore the other signs that could spell trouble in the months and quarters ahead, it’s work making a pitstop on these results to ask ourselves – WHAT THE HECK IS ACTUALLY GOING ON IN THE REAL ESTATE MARKET!?!