Real Estate Market Update May 2024 | ๐ Market Trends & Tips for Buyers & Sellers
Hey, friends! Jennifer Yoingco here, your trusted Houston Suburb Group Team Lead at Walzel Properties! ๐โจ
๐ Here’s your quick market scoop as of May 28th:
๐ Applications Up: Last week saw a 1.9% increase! [MBA]
๐ Inventory Alert: 578,000 homes on the market, climbing by 1.7% from last week! [ALTOS]
๐ธ Price Reductions: Now at 34.4% of active inventory. [ALTOS]
๐ Mortgage Rates: Average 30-year fixed at 7.2%! [MORTGAGE NEWS DAILY]
๐ Stay tuned for more updates and explore your real estate possibilities in Houston, Texas! Whether you’re buying locally, selling, or relocating, let’s make the most of your opportunities together! ๐
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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**