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The real estate surge triggered by the coronavirus pandemic is still ongoing, though it has slowed down. Buyers continue to compete for a limited number of homes, pushing up prices, especially for more affordable properties. In August, the average home value in the U.S. reached $362,143, reflecting a 2.5% increase from the previous year. While rising mortgage rates have tempered growth, causing price declines in some regions, certain areas are still experiencing year-over-year price increases.

The latest data shows that the rise in mortgage rates has caused a slowdown in growth, resulting in a decline in prices in some areas. To learn more: https://lnkd.in/eisuu9ER

Weekly Real Estate Update: Early projections for the 2025 housing market. Want to know what the experts forecast for the housing market in 2025? First, mortgage rates are projected to continue easing next year. It probably won't be a straight line down, so expect a bit of a bumpy road. Experts agree the overall trend will be a decline based on the economic data coming in which is great news for your buying power. Now with lower rates, more buyers and sellers are going to jump back into the market. That means more sales and more homes to choose from, but more competition with other buyers, too. That activity is going to keep more moderate and healthier levels of upward pressure on prices in most areas. Experts actually forecast about a 2.5% rise in prices nationally. Remember, that will vary locally, so I can tell you how prices are projected to play out in the Myrtle Beach area. If you want to talk about your questions and what to expect when it comes to your plans for next year, give me a shout. I've got you covered! #myrtlebeach #pawleysisland #murrellsinlet #marketcommons #northmyrtlebeach #conwaysc #littleriver #cherrygrove #southcarolina #realestate #southernlifestyle #remax #remaxsouthernshores #beachhome #lowcountry #southcarolina #movetothebeach #myrtlebeachrealestate #screalestate #shore

April Market Stats! 🏡📊 According to the latest real estate report from the Austin Board of Realtors, more than 2,700 homes were sold, marking a 5.9% increase from last year. Median prices have risen by 1.1%, landing just under $470,000, while active listings surged by nearly 32% compared to April 2023. Despite higher mortgage rates, the increase in affordable inventory, especially around the $300,000 range, is making homeownership more accessible for first-time buyers. Stay tuned for more updates! 📈🏡 #AustinRealEstate #MarketUpdate #HousingTrends #HomeSales #RealEstateNews #AustinHousing #DreamHome #FirstTimeHomeBuyer #InvestmentOpportunity #HillCountryLiving #RealEstateMarket #HousingAffordability #AustinTX #CentralTexasRealEstate #SilviaVandenberg #RealtyAustinCompass

🏡 Orange County Housing Market Update: Mastering the Waves of the Real Estate Market 🏡 In our latest blog post, we dive deep into the current state of the Orange County Housing Market. With mortgage rates and home affordability at the forefront of many potential buyers' minds, understanding the market's nuances has never been more critical. 🔍 What You'll Discover: *The resilience of the housing market amidst rising mortgage rates. *Insightful analysis on luxury real estate trends in Orange County. *Practical advice for buyers navigating today's competitive market. *Future predictions and why acting now could be your smartest move. Whether you're a seasoned investor or considering your first home purchase, this blog provides valuable insights to inform your next steps in the ever-evolving real estate landscape. 👇 Read the full article below Let's engage in a conversation about the future of real estate in Orange County. Share your thoughts, experiences, or questions in the comments below or drop me a message. Together, let's unlock the potential of the Orange County housing market! #MissySellsOC #ThePughGroup #OrangeCountyRealEstate #HousingMarketUpdate #RealEstateInvestment #HomeBuyingTips #MarketInsights

Struggling to find the right home in today's competitive market? Consider the advantages of a new build! 🏡 With the current housing shortage, newly constructed properties are becoming a fantastic solution, offering fresh inventory and more choices. Whether looking for a move-in-ready option or to customize your build, new homes provide flexibility! Builders often offer incentives like mortgage rate buy-downs, making these homes more attractive and affordable. 🙌 Explore the possibilities with a new build and make your home-buying goals a reality! Check out our blog to learn more about how you can benefit from these opportunities in the San Antonio market. #SanAntonioRealEstate #NewBuildHomes #HomebuyingTips https://ow.ly/ccqQ50Rw9wK

Guess what time it is? Time to decode the latest trends in Austin's housing market! 🏡📊 According to the latest real estate report from the Austin Board of Realtors, more than 2,700 homes were sold, marking a 5.9% increase from last year. Median prices have risen by 1.1%, landing just under $470,000, while active listings surged by nearly 32% compared to April 2023. Despite higher mortgage rates, the increase in affordable inventory, especially around the $300,000 range, is making homeownership more accessible for first-time buyers. Stay tuned for more updates! 📈🏡 - - - #AustinRealEstate #MarketUpdate #HousingTrends #HomeSales #RealEstateNews #AustinHousing #DreamHome #FirstTimeHomeBuyer #InvestmentOpportunity #HillCountryLiving #RealEstateMarket #HousingAffordability #AustinTX #CentralTexasRealEstate #BurtDementRealEstate #RealtyAustinCompass

🏠📈 May 2024 Housing Market Trends Report is out! The market cooled a bit as mortgage rates went up in April and May due to stubborn inflation. While the median list price nationwide stayed the same as last year, homes did see a price increase per square foot. The number of homes actively for sale was notably higher compared with last year, growing by 35.2%, a seventh straight month of growth. Home sellers were more active this May, with 6.2% more homes newly listed on the market compared with last year. 🏡📊 This is a great time to consider your real estate options. Reach out to me at Michael Weining | Keller Williams Southern Arizona | Tucson, AZ | 520-850-7400 for personalized, insightful real estate services. 📞🤝 Source: Realtor Research Articles. Read more here: https://ayr.app/l/b6Ve #RealEstateTrends #HousingMarket #MichaelWeining

This year, experts predicted that property prices would only slightly increase. But now, they've changed their minds and forecast prices will grow even more than they originally thought. The two main causes of this are a lack of available homes and mortgage rates. However, as the housing market changes, real estate professionals frequently update their predictions for property prices, and they take into account the most recent developments in the housing market. This implies that, like they have always done, they will keep updating their estimates in response to developments in the housing market. It remains to be seen how those projections will evolve going forward, but keep an eye on mortgage rates. As the year progresses, if they continue to go downward as predicted, this may increase buyer demand and raise expectations for home prices even further. Let's talk so you can anticipate what local prices will be like. Looking to buy or sell a home? Let our expert team provide you with VIP treatment from start to finish. We handle everything from consultation to prepping your home for sale, inspections, and more. We’ll also help you find the perfect property, guide you through the pre-approval process, and make a winning offer. Don’t settle for less, contact us now for a seamless, stress-free experience. Ned Laugharn Silicon Valley Premier Properties [email protected] (408) 504-5898 DRE# 01970404 #realestate #2024forecast #nedlaugharn #siliconvalleypremierproperties #housingmarket #mortgagerates #sanjoserealtor #homebuying #homeselling

San Antonio's housing market is experiencing an unusual Spring with a rising inventory and a decrease in homes entering contracts by 63.5% YoY. Mortgage rates are above 7.5%, and while home prices are only down 2.4% from last year, the number of listings with price drops is up 56.8% YoY. These statistics are concerning and highlight an unhealthy market. The good news is that these stats are available for most major MSAs and 47 States for free with Market Pulse and Market Insights using HouseCanary data. Keep an eye out for the latest market pulse, dropping in the next few days. Stay informed and make the best decisions for your real estate investments. #realestate #housingmarket #marketinsights