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Real Estate Market Update | October 10th, 2024 | Market Trends & Tips for Buyers & Sellers

Jennifer Yoingco
Jennifer Yoingco
Published on October 10, 2024

๐Ÿก Real Estate Market Update | October 10th, 2024 ๐Ÿ“… #shorts #realtor #realestateagent #fyp

This week: ๐Ÿ“ˆ Mortgage applications UP 0.7% (6 weeks in a row!) ๐Ÿ˜๏ธ Inventory up 0.4% with 734,000 homes now available ๐Ÿท๏ธ Price reductions increased by 0.5%, with 39.5% of homes seeing markdowns

๐Ÿ’ฐ Interest rates rise to 6.5% ๐Ÿ“Š following the latest jobs report.

Buyers: Nowโ€™s a great time to act! Rate drops could be coming soon.

Sellers: Avoid overpricing! More homes are hitting the market, so be strategic. ๐Ÿก

Investors: Look into DSCR loans for up to 80% cash out! ๐Ÿ’ผ

๐Ÿ‘‰ Ready to buy or sell? Reach out today for expert guidance!

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