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46 - Home Sales Drop to 14-Year Low
Sales of existing homes hit a 14-year low last month despite lower mortgage rates, likely due to uncertainty around the upcoming election. September’s sales dropped 1% from August and are 3.5% lower than last year. Median home prices rose 3% to $404,500, marking 15 months of price increases. While more homes are available, first-time buyers face challenges, and cash sales are rising. Sales dropped in all regions except the West, and condos saw the biggest decline. Economists suggest buyers might be waiting for election results before making big decisions.
➡️To Get A Personal Referral For A Realtor Visit https://www.kristinasmallhorn.com/nee...
For A Collaboration Video For Your Affordable Housing Option Or Comp.
https://www.kristinasmallhorn.com/req...
LIKE MY MUG Get It Here With Amazon Affiliate Link: https://amzn.to/46OZDhR
➡️Link for your unique 7-day free trial with a $35 monthly fee is - https://www.foreclosure.com/special.h....
PODCAST ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.
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By Kristina Smallhorn
5
1717 ratings
Sales of existing homes hit a 14-year low last month despite lower mortgage rates, likely due to uncertainty around the upcoming election. September’s sales dropped 1% from August and are 3.5% lower than last year. Median home prices rose 3% to $404,500, marking 15 months of price increases. While more homes are available, first-time buyers face challenges, and cash sales are rising. Sales dropped in all regions except the West, and condos saw the biggest decline. Economists suggest buyers might be waiting for election results before making big decisions.
➡️To Get A Personal Referral For A Realtor Visit https://www.kristinasmallhorn.com/nee...
For A Collaboration Video For Your Affordable Housing Option Or Comp.
https://www.kristinasmallhorn.com/req...
LIKE MY MUG Get It Here With Amazon Affiliate Link: https://amzn.to/46OZDhR
➡️Link for your unique 7-day free trial with a $35 monthly fee is - https://www.foreclosure.com/special.h....
PODCAST ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.
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