REAL ESTATE MARKET UPDATE September 13, 2024 | Market Trends & Tips for Buyers & Sellers
Welcome to this week’s 🚨 Real Estate Market Update 🚨!
Here’s what you need to know:
For Buyers— Mortgage rates have hit a new 52-week low, down to 6.3%, while inventory is starting to trend down. This makes it a great time to make your move!
For Sellers— The median price of new listings has dropped below $400,000 for the first time this year. With prices expected to decrease further, now’s the time to price your property strategically.
For Investors— With each 1% drop-in rates, mortgage payments are reduced by around 10%. This creates a golden opportunity to boost your cash flow and grow your single-family rental portfolio.
Markets are diverging, and local data matters more than ever. Stay informed and seize the opportunity!
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