“The housing market is starting the year on a strong note, driven by sustained housing demand, low mortgage rates, and the economy regaining its footing. Despite scarce inventory levels in the entry-level portion of the market, first-time buyers represented a third of sales last month. We expect a significant portion of purchase demand in the coming years to be driven by millennials and the younger-age cohorts.” --Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.

Good morning! It’s one month until spring—hang in there, Texas. Compared to recent events here in Washington, this week promises to be somewhat quieter. Or perhaps not.