What's happening in the housing market as we approach the end of the 2nd quarter?

There are mixed opinions but the majority of experts seem to believe that there will be no significant changes to the mortgage rates when the Federal Reserve meets next week. While rates have been fluctuating, they haven't moved all that much all year. 1st quarter was promising as the rates dipped below 7%, and it seemed as if many people started to accept this as the new normal. That seems to have continued through 2nd quarter to a degree. We are seeing mixed results in the housing industry. Some homes are sitting on the market longer, while others are receiving multiple offers right at the start. Homes that have something special to offer, and/or are priced right, tend to move quickly; while others are experiencing price reductions. We are also experiencing the after affects of a crazy couple of years when homes sold in hours or days, not weeks and months. Many buyers are expecting homes to sell quickly, and if 2 weeks goes by panic sets in. Sometimes it just takes time for the right buyer to come along.
I'll be watching what happens when the fed meets on June 11-12, but I don't expect any big changes. Some experts are calling for changes in September but time will tell. We've been kicking that can down the road all year and predictions only count for so much.
Stay tuned for more. 
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