🏡 Welcome to this week’s Real Estate Market Update as of June 24, 2024! 📈
👉 What’s New:
Home loan applications surged by 15.6% last week! 💸 Lower interest rates are to thank.
More homes are available! 🏠 Inventory has risen to 612,000 homes nationwide, up 1.1% from last week and 32% from last year.
A quick note on prices: 35.6% of listings have seen price reductions. 📉
Interest rates have dropped to 6.9% after holding at 7.2% for three weeks! 📉
🔍 For Buyers:
With last week’s rate drop, your negotiating power just got stronger! 🚀 It’s the perfect time to leverage favorable financing and choose from a wider selection of homes. 🌟
📊 For Sellers:
Pricing your home correctly is more crucial than ever. Make sure to tap into today’s market dynamics to avoid short-term price-softening impacts. 🏷️
💰 For Investors:
40% of fix-and-flip investors are shifting to long-term rentals, spotting opportunities in a changing market. 🏘️
📞 Reach out to our group anytime for personalized advice and local insights! Visit us at HoustonSuburb.com for more details.
👍 Thanks for watching! Don’t forget to like, share, and subscribe for more updates. 👍
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**Jennifer Yoingco is a full-time licensed Houston Texas REALTOR (#648293) with Walzel Properties, LLC. She has been helping first-time homebuyers, experienced buyers and sellers search homes for sale, houses for sale in the greater Houston area (serving Houston, Tomball, Spring, The Woodlands, Cypress, Conroe, Magnolia, Sugarland, Richmond, and the surrounding cities). She negotiates to the clients’ advantage by using cutting-edge digital marketing technology. She is teamed with marketing professionals who can showcase the home to the best advantage. Contact her (@ Jennifer Yoingco, Your Living in Houston Texas Realtor!) for any real estate needs. Email: JenYoingco7@gmail.com (832)286-8636**
