NK Real Estate Group’s Post

🏠 Interest Rates Are Dropping... But What Does That Mean for Real Estate Prices? 📉 With interest rates on the decline, many are hoping for more affordable housing. But here's the twist—a tight supply of homes paired with lower interest rates may not lead to lower prices. When interest rates drop, more buyers are drawn into the market, increasing demand. Why? Lower rates mean lower monthly mortgage payments, making homeownership feel more affordable. However, with limited inventory, this surge in demand can lead to higher home prices as sellers and developers realize buyers can afford to spend more. What does that mean for you? Even though mortgage payments might drop due to the lower rates, the increased demand often pushes prices up, resulting in monthly payments staying roughly the same. Essentially, you're paying the same amount for a more expensive home. 🔍 The Takeaway: In a market with tight supply, don’t expect falling interest rates to make home prices more affordable. Instead, be prepared for competition to drive prices higher, leaving your monthly payment unchanged despite lower rates. What’s your take on the current market? Let’s discuss! #RealEstate #InterestRates #HousingMarket #SupplyAndDemand #HomeBuying

Are you noticing more new homes on the market? 🏡 In the first quarter, about one-third of single-family homes for sale were newly built. Here's why: - **Increased Homebuilding**: Builders ramped up construction during the pandemic to meet the surge in demand. - **Low Existing Home Supply**: With high mortgage rates, many homeowners are staying put, reducing existing home listings. Newly built homes now make up a substantial portion of the housing market. Builders are also pricing more competitively and offering incentives like mortgage-rate buydowns to attract buyers—a much-needed relief in today's market. Whether you're buying or selling, understanding these dynamics can help you make informed decisions. #RealEstate #HomeBuying #NewConstruction #HousingMarket #MarketTrends

✨Housing Inventory Forecast for 2024✨ With many homeowners “locked in” at low interest rates or unwilling to s-e-ll due to high home pr-I-ces, demand continues to outpace housing supply—and likely will for a while. “We don’t expect to see a meaningful increase in the housing inventory of homes for s-a-l-e until mortgage rates are back down in the low 5% range, so probably not in 2024”. Housing stock remains near historic lows—especially entry-level supply—which has propped up demand and sustained ultra-high home pri-ces.☝️ If the owners of the properties decide to go in sell-ing pro-cess they will have for sure a bid-ing wa-rs from the bu-ye-rs what they des-pe-rately looking to pur-ch-ase their dream homes.🏡 #sellersagent #SellingAHome #sellingyourhome #buyersagent

Exciting news for potential home buyers and sellers! With interest rates recently cut for the first time since 2021, the housing market is set to see a surge in activity. According to recent surveys, 96% of individuals who had to put their home buying plans on hold are now ready to jump back into the market and make their dreams of homeownership a reality. With affordability on the rise and mortgage costs decreasing, buyers can now aim for the home of their dreams without compromising on their choice. As we head into the busy season of autumn, we anticipate a flurry of market activity as buyers and sellers both take advantage of the favourable conditions. Sellers can expect stronger property prices and reduced mortgage costs, while buyers will have more options available to them. If you're looking to capitalize on this opportune moment in the housing market, 'Yop Property Invest' is here to assist you in identifying the best off-market deals. Reach out to us for a free consultation and let us help you navigate the current market conditions with confidence. https://lnkd.in/eV5mp6Nf #RealEstate #HousingMarket #InterestRateCut #YopPropertyInvest #OffMarketDeals #FreeConsultation #Homebuying #SellingHomes

𝗡𝗲𝘄 𝗖𝗼𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝗶𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗿𝗲𝗻𝗱𝘀 – 𝗔 𝟯-𝗬𝗲𝗮𝗿 𝗟𝗼𝘄 Here’s what’s catching the eyes of market analysts: Newly built homes now make up just 28% of single-family home inventory – the lowest share since 2021. 𝗪𝗵𝘆? The boom in existing home listings. They’ve spiked 22% compared to last year, driven by more homeowners choosing to sell. 𝗕𝘂𝘁 𝘁𝗵𝗲𝗿𝗲’𝘀 𝗺𝗼𝗿𝗲: 🛠 New construction permits are down 2% year-over-year and have plunged 23% from their peak in early 2021. Despite this, builders are keeping sales buoyant with incentives, boosting new single-family home sales by 6.3% annually in September. 𝗖𝗼𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻: New constructions might dip further, but they’ll still sit above pre-pandemic norms thanks to sustained high mortgage rates. Read the full analysis here: https://lnkd.in/gsJjP5_E 𝗛𝗼𝘄 𝗱𝗼 𝘆𝗼𝘂 𝘀𝗲𝗲 𝘁𝗵𝗶𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗵𝗼𝗺𝗲 𝗯𝘂𝘆𝗲𝗿𝘀 𝗮𝗻𝗱 𝘀𝗲𝗹𝗹𝗲𝗿𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗰𝗼𝗺𝗶𝗻𝗴 𝗺𝗼𝗻𝘁𝗵𝘀?

🏠 Why Low Inventory is Keeping Home Prices Steady in Today’s Market In today’s real estate market, one of the most significant factors keeping home prices stable is low inventory. Here’s why: over the past few years, many homeowners locked in historically low mortgage rates, often around 3%. Now, they’re reluctant to sell and lose those rates, creating what’s known as the “lock-in effect.” According to the National Association of Realtors, 85% of homeowners with mortgages hold rates below current averages. This means fewer homes on the market, which keeps prices steady despite changes in demand. I recently worked with a client who wanted to upsize but realized that moving could nearly double their monthly payment—even for a similarly priced home! Understanding these dynamics can help you navigate today’s unique market conditions. 💬 Comment "BUY" below if you’d like my Ultimate Buyer Guide with strategies for buying in a low-inventory market. Let’s make your home-buying journey as smooth as possible! #RealEstateMarket #HomePrices #HousingTrends #HomeBuying #MarketAnalysis #LockInEffect #RealEstateExpert

Thinking about buying a home? There's promising news on the horizon! Mortgage rates have been volatile but are trending down, while home price growth is slowing and wages are rising faster than usual. This could signal improving affordability for buyers, despite the challenges that remain. While affordability is still tight, these early signs of change could make homeownership more attainable as we move through the year. Keep an eye on these trends as they unfold! 🔗 : https://lnkd.in/gWfEww7J As your real estate experts, we're here to help you navigate these developments and find the right opportunities for you. Reach out if you need personalized advice or have any questions! #HomeBuying #RealEstateTrends #MortgageRates #Affordability #HousingMarket #MarketUpdate #HomeOwnership

The July 2024 ABOR Market Stats are out! 📈 Clare Knapp, Ph.D, housing economist for Unlock MLS and the Austin Board of REALTOR® - With rates around 6.5%, only about half of homeowners in our market can afford a median priced home and only about a quarter of renters can afford a starter home. Home prices across the market still need to decrease to meet market conditions and meet buyers where their purchasing power is currently. It is notable that we are seeing more first-time buyers willing to make a move this year compared to last, and that is a positive sign for our market.” Consistently high mortgage rates continue to impact buyer’s purchasing power.This demonstrates that when a home is priced right, buyers are ready to make a move.🏡 We can help YOU seize the opportunity to take advantage of the current market. Let’s connect!📲😊💙 #coplandpropertygroup #coplandpg #abormarketstats #abor #abormarket #atxrealestate #marketupdate

Thinking about buying a home? There's promising news on the horizon! Mortgage rates have been volatile but are trending down, while home price growth is slowing and wages are rising faster than usual. This could signal improving affordability for buyers, despite the challenges that remain. While affordability is still tight, these early signs of change could make homeownership more attainable as we move through the year. Keep an eye on these trends as they unfold! 🔗 : https://lnkd.in/eb5ySUSS As a real estate expert, I'm here to help you navigate these developments and find the right opportunities for you. Reach out if you need personalized advice or have any questions! #HomeBuying #RealEstateTrends #MortgageRates #Affordability #HousingMarket #MarketUpdate #HomeOwnership

The July 2024 ABOR Market Stats are out! 📈 Clare Knapp, Ph.D, housing economist for Unlock MLS and the Austin Board of REALTOR® - With rates around 6.5%, only about half of homeowners in our market can afford a median priced home and only about a quarter of renters can afford a starter home. Home prices across the market still need to decrease to meet market conditions and meet buyers where their purchasing power is currently. It is notable that we are seeing more first-time buyers willing to make a move this year compared to last, and that is a positive sign for our market.” Consistently high mortgage rates continue to impact buyer’s purchasing power.This demonstrates that when a home is priced right, buyers are ready to make a move.🏡 We can help YOU seize the opportunity to take advantage of the current market. Let’s connect!📲😊💙 #coplandpropertygroup #coplandpg #abormarketstats #abor #abormarket #atxrealestate #marketupdate