Real Estate Market Update | October 16th, 2024 | Market Trends & Tips for Buyers & Sellers

Jennifer Yoingco and Benjamin Yoingco
Jennifer Yoingco and Benjamin Yoingco
Published on October 16, 2024

๐Ÿšจ Real Estate Market Update – October 16, 2024! ๐Ÿšจ #shorts #realtor #realestateagent #fyp

๐Ÿ“‰ Mortgage applications dropped by 0.1% as rates hit 6.6%โ€”inflation is driving this rise, making it tougher for buyers!
๐Ÿก Inventory stays flat at 734K homes, while price reductions climb to 39.6% ๐Ÿ“ˆโ€”seasonal adjustments are kicking in.
๐Ÿ’ฅ Buyer activity is UP for 6 straight weeks! Now maybe your chance to act before rates fall again.
๐Ÿ“Š Sellers, expect typical seasonal slowdowns, but rates might stabilize soon.
๐Ÿ’ผ Investors, the build-to-rent market is booming! More homes are being built just for rent!

Ready to make a move? ๐Ÿก Contact me today for expert advice!

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