Mr. Burns' Take on Sluggish Home Sales Amid Rising Mortgage Rates

Oh the Slow Sales!

Well well it seems home sales are as slow as my trusty assistant Smithers fetching me my afternoon tea. A 7.7% drop in signed sales contracts in April? That's more disappointing than when my power plant workers demand dental coverage!

Mortgage Madness

Rising mortgage rates hitting 7.5% by the end of April? Goodness me that's higher than the stacks of cash in my bank vault! No wonder buyers are fleeing the market faster than Homer Simpson running from my hounds!

Buyer Beware!

With home prices soaring and supply scarce as a rare Burns family heirloom it's no wonder sales took a nosedive. Even with more inventory buyers are as scarce as someone willing to work for me without complaints!

The Ray of Hope

Ah Lawrence Yun predicting a brighter future with the Federal Reserve's rate cut. Better conditions ahead improved affordability and more supply? Sounds more promising than bringing in new employees without them realizing my malevolent plans!

Seller Woes

Sellers cutting prices left and right median asking prices dropping for the first time in ages. It's a tough market out there; even Montgomery Burns might have trouble selling his palatial mansion Monty Burns Manor!

Rays of Optimism

But fear not dear readers! Active inventory is up suggesting a potentially more vibrant summer market. Perhaps there's hope yet just like when I think of a new scheme to take over the world... legally of course.