The spring housing market is well underway but the numbers are not coming in as strong as hoped! Sales of both existing and newly built homes have trended down in the first quarter due to short supply and high prices and that's not expected to improve in the coming months. Demand is strong but buyers either can't or are not willing to overpay real estate agents. Experts say they're seeing more and more potential sellers afraid to list their homes for fear they won't be able to find or for their next home. Builders are now stepping up production but still well below historical norms and they're still focusing on the higher-end leaving first time buyers with few options. On the bright side higher mortgage rates have not come to pass yet the average rate on the 30-year fixed is still below 4% and may not go much higher. In the coming quarter that's giving buyers a little more purchasing power than was expected.