Cara Pearlman Group of Compass’ Post

While 2023 was a challenging year for homebuyers and sellers, the year ended on a high note with interest rates coming down more than a full percentage point, and there is a lot of optimism at the start of 2024. Rates are predicted to level off before declining further as the Federal Reserve winds down its inflation fight. Lower rates could also bring some relief to the inventory crunch as homeowners who were reluctant to trade out of low-interest-rate mortgages now have more incentive to sell. Improved conditions portend a very busy and competitive spring market. so whether you're buying or selling, let's create a plan that leverages @properties Christie's International Real Estate's leading market share, technology, marketing, and network to help you achieve your real estate goals in 2024. ☎️ 773-590-9806 👉 MarcyTobin.com #marcytobin #atproperties #orlandparkrealtor #tinleyparkrealtor #southsuburbanrealtor  #fivestaragent  #listingagent #sellers #firsttimehomebuyer #realtor #buyers #buyeragent

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Weekly Market Quick Bites - Sept 16th to Sept. 23rd | 2024 View Full Report >> https://zurl.co/hs7x Pending numbers are now significantly outpacing August and although inventory is up, we have declined to 1.9 months of inventory (based on pending sales). With the Fed lowering the funds rate, interest rates continued their decline to 6% (and beyond). Interest rates are down this week to 6.09% according to Freddie Mac. The one year change is now 1.1%. Median sales price for houses that have closed so far this month is $899K. This is down from $973K for sales that closed in the same amount of time in August and down from $926K for those that closed in the same time frame last year. #TheresaAhdieh #Windermere #Seattle #RealEstate #UnderthePinkUmbrella #AllInForYou #WeAreWindermere #SeattleRealEstate #SeattleHousingMarket #SeattleHomes #SeattleProperty #SeattleMarketTrends #SeattleRealtor #PNWRealEstate #KingCountyRealEstate #SeattleRealty #SeattleHomeBuyers #SeattleHomeSellers #SeattleRealEstateNews #SeattleHousing #SeattleRealEstateTrends #SeattleMarketUpdate

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Weekly Market Quick Bites with Theresa Ahdieh | October 4th  View Full Report>> https://zurl.co/esN7 September ended with a total of 701 pending sales, up from August, but the last week did not have the same pace as the middle of the month. Active listings peaked at the end of the month at 1,340, but now sit below where they were a week ago. Interest rates rose .04 this week to 6.12% according to Freddie Mac. The one year change still widened is now 1.37% Average days on market for September increased from August from 25 to 28 days. Houses sold for 99% of list price in September, down 1% from August. #TheresaAhdieh #Windermere #Seattle #RealEstate #UnderthePinkUmbrella #AllInForYou #WeAreWindermere #SeattleRealEstate #SeattleHousingMarket #SeattleHomes #SeattleProperty #SeattleMarketTrends #SeattleRealtor #PNWRealEstate #KingCountyRealEstate #SeattleRealty #SeattleHomeBuyers #SeattleHomeSellers #SeattleRealEstateNews #SeattleHousing #SeattleRealEstateTrends #SeattleMarketUpdate

3 Signs Housing is Entering a Buyer's Market Money Talks News After years of soaring prices and shrinking inventory levels, potential homebuyers are finally getting some good news. A few key signs indicate that homebuyers might soon gain some ground in the housing market. To be sure, no one is predicting that we are entering an era of bargains. Any changes are likely to be modest, at least for now. 

4 smart things homebuyers should do with inflation up again Contact me to discuss the latest scoop in real estate! #sellers #TaniaSells #realestate #realtor #dreamhomes #realestateagent #homesofinstagram #properties #homesearch #realestateinvesting

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Will 2024 be a better year for homebuyers Following months of cooling inflation, higher rent and food prices pushed the inflation report to a 3.4% annual rate, according to the latest Consumer Price Index report. The rise indicates the Fed's ongoing challenge to achieve a 2% target inflation rate may experience some fluctuations along the way. “2024 is bound to be a better year for homebuyers, if only because of how terrible 2023 was," says John Graff, CEO at Ashby & Graff Real Estate. Graff anticipates falling interest rates and increasing inventory could result in more opportunities for homebuyers in the months ahead. "As rates slowly come down from highs not previously seen in decades, more and more housing inventory will open up as on-the-fence sellers start to list their homes—giving buyers some more options in an otherwise tight market," he notes. Even though interest rates aren't back at the historic lows they once were at during and after the pandemic, the fact they have pulled back from recent highs will surely entice new entries to the market. CBS News Alexandra Esquivel-Murphy Joseph Esquivel-Murphy

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