July 2024 Real Estate Market Update: Turning Tides in Housing

Hey everyone, Brian Coester here with your latest market update from Real Estate Connection! In this video, I dive into the significant changes happening in the housing market right now.

🔹 Increase in Listings: Listings are up significantly from last year, hitting the highest point in several years.
🔹 Strong Buyer Interest: Buyers remain eager to purchase homes, keeping the demand steady.
🔹 Federal Reserve Rate Cuts: The Federal Reserve has hinted at cutting interest rates, which could lead to a decline in interest rates and a new market landscape.
🔹 Opportunities for Buyers and Sellers: Buyers, keep an eye out for deals. Sellers, now might be the time to act on your equity.

As the market returns to a more normal state, we can expect more negotiation, thorough inspections, longer listing times, and a healthier mortgage market.

Stay informed, make smart decisions, and have a great week ahead!

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