REAL ESTATE MARKET UPDATE August 16, 2024 | Market Trends & Tips for Buyers & Sellers | #shorts #fyp

Jennifer Yoingco
Jennifer Yoingco
Published on August 21, 2024

📊 Real Estate Market Update! 🏡

Welcome to this week’s real estate data check—here’s what you need to know! 📈

Applications are UP 6.9% as rates dip to 6.4% 📉
Inventory Increase: 693,000 homes on the market, 40% higher than last year! 🏘️
Price Reductions: 38.5% of listings—trending towards 40% this fall! 📉
🎯 For Buyers: Inventory is up, rates are down—your perfect moment to buy! 💼
🏡 For Sellers: The market is cooling down—consider selling before the seasonal decline hits! 🏠

Thinking of buying or selling? Don’t wait—act now! 🚀

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