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April 2024 Market Update
We are into our Spring market in the real estate
world. In this episode I cover the most
recent data in a year-over-year and month-over-month format so you can see how
the market is trending. We do have some
headwinds as we get into our Spring market, including higher interest rates and
higher home values. Despite the impact
this is having on affordability, the market is remaining stable. This is mostly due to home buyers and sellers
that are doing what they can to make things work for their needs. In this episode, I also cover the most recent
inflation data, mortgage interest rates and give an update on the real estate
broker commission lawsuits and settlements that you’ve likely seen in the news.
If you’re thinking of buying in this market, you might
look at newly built homes, as they offer rate buydown incentives, making your
monthly bill less. Plus, it’s a new home! Get in touch if this is an option you want to
consider.
Questions or need help with real estate? Let’s talk!
Kind regards,
Sean Gilliam
970-313-6706
View all episodes
By Sean GilliamWe are into our Spring market in the real estate
world. In this episode I cover the most
recent data in a year-over-year and month-over-month format so you can see how
the market is trending. We do have some
headwinds as we get into our Spring market, including higher interest rates and
higher home values. Despite the impact
this is having on affordability, the market is remaining stable. This is mostly due to home buyers and sellers
that are doing what they can to make things work for their needs. In this episode, I also cover the most recent
inflation data, mortgage interest rates and give an update on the real estate
broker commission lawsuits and settlements that you’ve likely seen in the news.
If you’re thinking of buying in this market, you might
look at newly built homes, as they offer rate buydown incentives, making your
monthly bill less. Plus, it’s a new home! Get in touch if this is an option you want to
consider.
Questions or need help with real estate? Let’s talk!
Kind regards,
Sean Gilliam
970-313-6706