In October, we noted a significant shift in market dynamics, resulting in a balanced market where the number of buyers and sellers was roughly equal. This equilibrium was likely influenced by widespread anticipation of a potential rate drop, prompting both buyers and sellers to adopt a cautious approach. Buyers seemed optimistic about securing better terms in the near future, while sellers appeared willing to maintain their positions, contributing to a stable environment. This balance often reflects a period of uncertainty in the market, with participants carefully evaluating their options and waiting for clearer signals before making major decisions.