Houston Real Estate Market Update | November 7, 2024 📊🏡
Hey friends! I’m Jennifer Yoingco with the Houston Suburb Group by Walzel Properties! 🌆 Let’s dive into the latest real estate trends!
📈 Applications UP: Buyer interest is back, rising by 5% after weeks of decline! 🏠 Inventory Shifts: Inventory dropped 0.3% to 735,700. While we’re still up 30% from last year, we might see a seasonal drop soon. 💲 Price Reductions: Dipping slightly to 39.4%, heading toward seasonal highs. 📉 Interest Rates: Now at 7.1% 📈 – expect some post-election volatility.
✨ Buyers: Act now before inventory dips and rates climb further! ✨ Sellers: Days on market are rising – consider a temporary buydown to attract buyers! ✨ Investors: With a 45% gap between buying and renting, the rental market remains STRONG! 💼🏢
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