REAL ESTATE MARKET UPDATE August 28, 2024 | Market Trends & Tips for Buyers & Sellers

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???? Real Estate Market Update! ????

???? Mortgage applications fell by 10.1% ????
???? Inventory is up by 0.9% to 704,000 homes
???? Price reductions have reached 39%—and more are coming!
???? Mortgage rates have dropped to 6.4%

???? For Buyers:
A potential rate drop in September could make now the perfect time to buy! ????????

???? For Sellers:
With prices on the decline, be strategic. Lower rates may boost demand, but patience is key. ????????

???? For Investors:
Investment property closings hit 17% in July, and build-to-rent starts are up 10%—time to consider investing! ????????️

???? Don't miss out—stay updated and make informed decisions!

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