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September Home Sales Slump? 📉 Breaking Down the Latest Market Moves 🏡💰
🚨 Breaking down the latest real estate trends! 🚨 In this special episode of Mortgage, Markets, and More, host Peter D'Angelo dives deep into the September 2024 Existing Home Sales Report from the National Association of Realtors—fresh off the press! 🏠📊
📉 Sales are slowing, with a 1% decline from August and 3.5% from last year, but the numbers tell a deeper story. Inventory levels are growing 📦 (up 23% YoY), and regional trends are painting a fascinating picture:
🔹 West Region is bouncing back—sales jumped 4.1% MoM and 5.6% YoY
🔸 Northeast sees a sharp slowdown in volume but 6% price growth 💸
🔻 Condo sales are struggling, down 5.1% from August and 14% YoY
🏡 Median home price: $404,500 (up 3% YoY)
💵 Cash is king! 30% of buyers are all-cash 🤑
📈 Inventory: 4.3 months' supply—a promising sign, but is it enough?
What’s driving the market? Peter unpacks everything from interest rates (6.73%), to seasonality, and even how the upcoming election is keeping both buyers and investors cautious 🤔.
Tune in for the full breakdown and stay ahead of the weekend's real estate chatter! 🏡💼 #RealEstateTrends #HousingMarket #HomeSales #CashBuyers
Watch this episode on Youtube!
Interested in getting Pre-Approved? Submit your Pre-Approval inquiry here!
Interested in your Refinance options? Submit your Refinance inquiry here!
Follow me on:
- YouTube
Peter D'Angelo | NMLS: 885309 | Branch Manager | Guaranteed Rate, Inc., NMLS 2611
[email protected]
*All information, topics, discussion is my own personal opinion and insight, not reflective of Guaranteed Rate, Inc. May contain market information for informational purposes only, not to be used as financial advice.
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By Pete D'Angelo🚨 Breaking down the latest real estate trends! 🚨 In this special episode of Mortgage, Markets, and More, host Peter D'Angelo dives deep into the September 2024 Existing Home Sales Report from the National Association of Realtors—fresh off the press! 🏠📊
📉 Sales are slowing, with a 1% decline from August and 3.5% from last year, but the numbers tell a deeper story. Inventory levels are growing 📦 (up 23% YoY), and regional trends are painting a fascinating picture:
🔹 West Region is bouncing back—sales jumped 4.1% MoM and 5.6% YoY
🔸 Northeast sees a sharp slowdown in volume but 6% price growth 💸
🔻 Condo sales are struggling, down 5.1% from August and 14% YoY
🏡 Median home price: $404,500 (up 3% YoY)
💵 Cash is king! 30% of buyers are all-cash 🤑
📈 Inventory: 4.3 months' supply—a promising sign, but is it enough?
What’s driving the market? Peter unpacks everything from interest rates (6.73%), to seasonality, and even how the upcoming election is keeping both buyers and investors cautious 🤔.
Tune in for the full breakdown and stay ahead of the weekend's real estate chatter! 🏡💼 #RealEstateTrends #HousingMarket #HomeSales #CashBuyers
Watch this episode on Youtube!
Interested in getting Pre-Approved? Submit your Pre-Approval inquiry here!
Interested in your Refinance options? Submit your Refinance inquiry here!
Follow me on:
- YouTube
Peter D'Angelo | NMLS: 885309 | Branch Manager | Guaranteed Rate, Inc., NMLS 2611
[email protected]
*All information, topics, discussion is my own personal opinion and insight, not reflective of Guaranteed Rate, Inc. May contain market information for informational purposes only, not to be used as financial advice.