BREAKING: The Housing Market’s Big Turnaround Could Be Closer Than You Think

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BREAKING: The Housing Market’s Big Turnaround Could Be Closer Than You Think | 1314

19m ago 6:36

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Is it darkest before the dawn? Dive into the latest episode where we uncover the current state of the housing market – sales are down, new listings are down, and prices are decelerating, making it feel the most bearish it has all year. Yet, there's a glimmer of hope with recent positive inflation data, a bond market rally, and mortgage rates dipping below 7% for the first time in months.

Could we finally be past the peak of mortgage rates? And if so, how should we expect the housing market to react? We’ll break down the numbers: 61,000 single-family homes unsold nationwide, inventory up 38.5% from last year but down 32% from pre-pandemic levels. Mortgage rates are driving these changes, and if they continue to fall below 6.75%, we might see a significant boost in demand.

Discover the notable 1% year-over-year drop in newly listed home prices, the impact of declining new listings, and the potential growth in sales rates if mortgage rates keep dropping. With 38.3% of listings experiencing price cuts, sellers are adjusting to slower demand, but this could change with more favorable mortgage rates.

For private real estate investors, this episode is packed with insights and key takeaways:

Watch Mortgage Rates: Expect a surge in demand and potential rise in home prices.
Inventory Trends: A plateau or decline indicates a tightening market.
Price Adjustments: Fewer reductions signal increasing buyer activity.
Sales Volume: An uptick in new pending sales shows a stronger market.

Tune in to understand the shifts and opportunities in the housing market and get ahead in your real estate investments.

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