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Daily update compliments of Richard Bocchieri, Licensed Associate Real Estate Broker NETTER REAL ESTATE o 631-661-5100 x137 c 631-848-0748 Expert Quotes on the 2024 Housing Market Forecast If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market in 2024. Mortgage Rates Expected To Ease Mark Fleming, Chief Economist at First American, explains how they may continue to drop: “Mortgage rates have already retreated from recent peaks near 8 percent and may fall further once the Fed signals clearly that monetary tightening is over.” The Supply of Homes... #realestate #homeownership #homebuying

The December, 2023 RE/MAX National Housing Report “There are many reasons to be encouraged about housing in 2024. The high mortgage rates and inventory lows of 2023 definitely made for a challenging market, but December data shows some positive signs for the new year.” - Nick Bailey, RE/MAX President and CEO #eddieshometeam #remaxpreferredassociates #REMAX #housingmarket

Take a Look at This! Expert Quotes on the 2024 Housing Market Forecast If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market in 2024. Mortgage Rates Expected To Ease Mark Fleming, Chief Economist at First American, explains how they may continue to drop: “Mortgage rates have already retreated from recent peaks near 8 percent and may fall further once the Fed signals clearly that monetary tightening is over.” The Supply of Homes for Sale May Grow Lisa Sturtevant, Chief Economist at Bright MLS, says: “Supply will... #realestate #homeownership #homebuying Message Me With Any Questions!

The December, 2023 RE/MAX National Housing Report “There are many reasons to be encouraged about housing in 2024. The high mortgage rates and inventory lows of 2023 definitely made for a challenging market, but December data shows some positive signs for the new year.” - Nick Bailey, RE/MAX President and CEO #eddieshometeam #remaxpreferredassociates #REMAX #housingmarket

📊WHAT’s UP WITH REAL ESTATE your FRIDAY REPORT! ⬇️ 𝐂𝐥𝐢𝐜𝐤 𝐭𝐡𝐢𝐬 𝐥𝐢𝐧𝐤 𝐟𝐨𝐫 𝐟𝐮𝐥𝐥 𝐚𝐫𝐭𝐢𝐜𝐥𝐞! https://lnkd.in/emH8fKtY 𝐈𝐭 𝐰𝐚𝐬 𝐚𝐧𝐨𝐭𝐡𝐞𝐫 𝐫𝐨𝐮𝐠𝐡 𝐰𝐞𝐞𝐤 for would-be-buyers, with 30-yr mortgage rates approaching 7.5% in response to hotter retail sales data and comments from Fed Chair Powell. 🌼 𝐃𝐞𝐬𝐩𝐢𝐭𝐞 𝐭𝐡𝐢𝐬, the spring buying & selling season is definitely here, with rising competition levels and faster sales. 🏠We are seeing more listings, price adjustments, and more negotiations. Buyers know what they want and aren’t going to settle. *OVER ALL WE ARE IN A MORE BALANCED MARKET. 👀Looking to take some profits or make a move? ☎️Let's talk! 919-219-0261 #heathergowerrealestate #whatsupwithrealestate #housingmarket #realestatenews #housingmarketupdates #realestatemarket #mortgage #realestate #whatsupwithrealestate

Take a look at this. Expert Quotes on the 2024 Housing Market Forecast If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market in 2024. Mortgage Rates Expected To Ease Mark Fleming, Chief Economist at First American, explains how they may continue to drop: “Mortgage rates have already retreated from recent peaks near 8 percent and may fall further once the Fed signals clearly that monetary tightening is over.” The Supply of Homes for Sale May Grow Lisa Sturtevant, Chief Economist at Bright MLS, says: “Supply will loosen up in... #realestate #homeownership #homebuying NERealtyGroupMA.com

Take a look at this! Expert Quotes on the 2024 Housing Market Forecast If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market in 2024. Mortgage Rates Expected To Ease Mark Fleming, Chief Economist at First American, explains how they may continue to drop: “Mortgage rates have already retreated from recent peaks near 8 percent and may fall further once the Fed signals clearly that monetary tightening is over.” The Supply of Homes for Sale May Grow Lisa Sturtevant, Chief Economist at Bright MLS, says: “Supply will loosen up in 2024. Even... #realestate #homeownership #homebuying

Seeing a new trend: Over the past two months, I've welcomed six new clients who are entering the property market by purchasing from a parent. Is this the start of a wider movement? What's your take on 'Parent Landlords'? #PropertyMarket #FamilyInvestment #MortgageAdvice Let's discuss how this trend provides opportunities for both mortgage advisors and clients. Reach out for insights on navigating this path!"

INSIGHTS ALERT: Ryan McKeveny, CFA on growth projections for existing home sales and mortgage origination. His latest report signals the trough was likely established in 2023, pointing to a period of expansion ahead. "With new for-sale listing and existing home inventory experiencing growth of 10-15% year over year, there's a notable shift from the record-low inventory levels of the previous year. This uptick in listing activity sets a promising stage for increased home sales in the coming years." (Ryan McKeveny) Discover more about the correlation between listing activity and home sales, and why Zelman believes the stage is set for 2024 to represent the start of a multi-year housing recovery here: https://lnkd.in/e3GB5yia #Zelman #Housing

Change is on the horizon! The housing market could become more competitive in the coming months. Redfin economists predict that mortgage interest rates will improve (compared to the higher rates of late 2023), and many people who have been on the fence about purchasing a home will make a move. Plus, with housing inventory still relatively low, this could create more competition for homebuyers in 2024. So, here’s the great news… if you want to buy a home, you can still take advantage of Waterstone Mortgage’s Platinum Credit Approval Closing Guarantee, which is available for our Platinum Credit Approval (PCA) customers who lock their loans by March 31, 2024. With our Platinum Credit Approval Closing Guarantee, if we are unable to close a PCA loan — due to an internal error during our underwriting process — Waterstone Mortgage will pay the seller(s) of the subject property $5,000. It’s a surefire way to make your STRONGEST offer on the home of your dreams. Get ahead of the competition! Send a message to get started on your PCA now. https://bit.ly/42PBIxH #PlatinumCreditApproval #WhyWMC #ClosingGuarantee #MortgagePreApproval