ROK Realty

ROK realty report Jan 2025: #34

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Presented By:
Robert O'Keefe • ROK Real Estate
📱 (201)-374-7334 (Text/Call)
📧 [email protected]


🎙️ Welcome to the 2025 Kickoff Episode of ROK Realty Report!
Join host Robert O'Keefe as we dive into the latest trends and strategies shaping the real estate market. From December 2024 insights to actionable steps for success in 2025, this episode is packed with expert analysis to help buyers, sellers, and investors navigate the evolving market with confidence.


2024 Real Estate Recap

📊 Market Highlights

  • 📈 Existing Home Sales: Surged by 4.8%, marking a recent high.
  • 🏠 Home Prices: Continued rising for the 17th consecutive month, reflecting strong demand.
  • 📉 Inventory: Tight at a 3.8-month supply, driving competition.
  • 👨‍👩‍👧‍👦 First-Time Buyers: Represented 30% of all purchases.
  • 📉 Mortgage Rates: Averaged 6.6%, showing slight improvement from last year.


    • Topics Covered in This Episode

    1️⃣ Bidding Wars in Real Estate

    • Sellers: Still a great time to list with fewer but more serious offers.
    • Buyers: Increasingly hesitant to waive appraisals and inspections.

      • 2️⃣ Inventory & Pricing Trends

      • Inventory saw a modest rise but remains tight.
      • Prices continue to climb due to limited supply.

        • 3️⃣ Mortgage Rates

        • Rates hovered around 6.6%, influencing affordability and decisions.

          • 4️⃣ Apartment Rents

          • Recovering post-COVID but still below peak levels, providing relief to tenants.

            • 5️⃣ Listener Engagement

            • Your Feedback Matters! Share questions or topics you'd like us to cover in 2025.


              • Looking Ahead: Actionable Steps for January 2025

              💡 Plan Ahead for Real Estate Success
              1️⃣ File Your Beneficial Ownership Report by Jan 1, 2025, to stay compliant.
              2️⃣ Review Savings & Investments for better returns.
              3️⃣ Update Property Taxes & Insurance to reflect current needs.


              🏡 Get Smarter in Real Estate
              🔔 Subscribe to the ROK Realty Report Newsletter: https://sendfox.com/robokeefe
              📸 Follow us on Instagram: @rok_realty
              🎥 Watch our YouTube: ROK Realty

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              ROK RealtyBy Robert O'Keefe - ROK Realty