Sales climbed 3.2% last month while inventory kept building

Existing-home sales rose 3.2% in May, the strongest reading since December. Buyers came back as affordability improved and inventory kept climbing. More supply, steadier household income, and rates that aren't spiking gave people enough room to move. It's not a feeding frenzy, but it's real activity.

For your sellers: the supply increase means they need to price right and move fast. For your buyers: they have options now, and today's average rate of 6.5% is sitting near recent lows. If they've been on the fence, the math just got a little friendlier. The Fed decides rates again on June 17, so the next week could get choppy.

When your clients need pre-approval or a straight answer on what they can afford, send them my way. I'm Brett Hickman, (949) 350-8005. I pick up the phone and I close loans.