๐ก Real Estate Market Update | October 10th, 2024 ๐ #shorts #realtor #realestateagent #fyp
This week: ๐ Mortgage applications UP 0.7% (6 weeks in a row!) ๐๏ธ Inventory up 0.4% with 734,000 homes now available ๐ท๏ธ Price reductions increased by 0.5%, with 39.5% of homes seeing markdowns
๐ฐ Interest rates rise to 6.5% ๐ following the latest jobs report.
Buyers: Nowโs a great time to act! Rate drops could be coming soon.
Sellers: Avoid overpricing! More homes are hitting the market, so be strategic. ๐ก
Investors: Look into DSCR loans for up to 80% cash out! ๐ผ
๐ Ready to buy or sell? Reach out today for expert guidance!
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