Welcome to our podcast! Today, we’re diving into the dynamic world of the housing market. We’ll explore recent changes in affordability due to a significant drop in mortgage rates and how this has sparked interest among potential buyers. We’ll discuss the dip in sales in the last quarter of 2023 due to inventory shortages, and the hopeful signs for 2024 as pending home sales surge. We’ll also touch on the intense competition among buyers due to a scarcity of inventory, and how this is driving up prices. Join us as we delve into the impact of inflation rates, economic policies, and the anticipation of the Federal Reserve cutting rates. We’ll also look at the strong start to 2024 with mortgage applications for new-home purchases up by 19.1% from a year ago. So, tune in as we navigate the complexities of the housing market and its multitude of influencing factors.”