L
ast month, I discussed how tariffs could impact home sales in our area. This month's focus is on the concept of a "ceasefire" – a suspension of aggressive actions between countries that would ease tensions and add stability. This development is generally good news for those considering buying or selling a home.

    Looking at the bigger picture, markets are showing signs of recovery due to progress in trade discussions, strong US economic fundamentals, and healthy corporate earnings. The White House is engaged in trade talks with multiple nations, including China, and the economy added 177,000 jobs in April. Consumer spending and business investment remain strong, while inflation is expected to decline toward the Fed's 2% target.

    For buyers, this could be a good time to enter the market, as there are over 25,000 homes for sale Valley-wide – the most since 2016. The summer months typically see fewer buyers, making it an opportunity to choose from more homes with less competition. However, sellers may face lower demand due to buyer uncertainty and caution.

    If the ceasefires hold and the stock market rebounds, we could see a spark of buying activity this summer, potentially driving up prices. Affluent buyers, often drawn to upscale homes in scenic towns like Scottsdale and Carefree, may be encouraged by improving economic confidence to invest in real estate.

    Consumer confidence drives our economy – including the real estate market. If you're feeling confident about your situation, now might be the time to make a move. Consult with a REALTOR who can guide you through the process.