Patrick Duffy’s Post

"The barometer we'll keep an eye on is inventory levels, if it [months of supply] starts to tick up in a hurry, you'd stop raising prices and focus on selling homes" KB Home CEO Jeff Mezger tells me. As it stands today, there isn't much existing/resale inventory out there. "It's a story that's true in every city we operate in, there is no [existing] inventory out there" Mezger says. "There are markets in our price point that it [months of supply] is instead being quoted in days: 11 days, 12 days of resale supply. Our, historically [speaking], biggest competitor doesn't have any inventory" Mezger says. #housingmarket #homebuilding #homeprices #realestate https://lnkd.in/gicKjpgY

It’s really not so much rates, which are being talked about a lot. It is really credit quality standards significantly tightening that is preventing many people from buying a house. Especially if you happen to be self-employed. This is why there are so few qualified buyers out there… But that’s OK because there’s so many fewer homes that keep the market in equilibrium, which is helped to buoy prices. But now, many of those who have been holding on, can’t hold on any more… and more properties will come to market, and more prices will decline. Yes, it’s only a .1% decline nationally… But the turning point has been reached. #housingmarket2023 #mortgagenews https://lnkd.in/gDFMbCyc

Entering the housing market? Good news! From August to September 2023, available homes increased by 9.3%, signaling a market cooldown. Factors like rising interest rates and seasonal slowdown contribute to this shift. With a 2.4% month-over-month decrease in median sales price, now might be the opportune time for buyers. Sellers can benefit too – while September sales dropped by 13.8%, homes spent just one extra day on the market compared to August. For successful sales, consider strategic presentation, decluttering, neutral colors, and expert guidance from a trusted real estate agent. Give me a call today! 910-742-0078 #RealEstateMarket #HomeBuying #HomeSelling . . . #RobGibbs #RobGibbsRealEstate #ButchSaunders #ButchSaundersTeam #ButchSaundersRealEstate #EssentialRentalManagement #WilmingtonRealEstate #WILMRealEstate #CoastalLiving #REMAXNews #REMAXArticle #Article #RealEstateArticle #RealtyArticle #MarketStats #HousingMarket #RealEstateNews

The active inventory of homes available for sale was up nearly 8% year-over-year in January 2024, with new listings up 3% YoY. 🏠📈 #notablearticle #realestate #news #texasrealestate #housinginventory #marketexpert

🏡 The number of homes actively for sale in January was 7.9 percent higher than year-before levels, according to a new report. 📈 New listings also improved, rising 2.8 percent year-over-year. 🤩 https://looksee.it/cEslY #HousingMarket  #HousingMarketUpdates #Realtor #RealEstateAgent #RealEstateBlog #RealEstate #HousingInventory

Unlock the latest real estate trends with the RE/MAX National Housing Report! 🏡📈 October 2023 reveals a 4.6% growth in home inventory, offering more options for buyers. President and CEO Nick Bailey notes encouraging signs, with monthly inventory gains and stabilized prices despite a challenging market. For sellers, the median sales price remains strong at $410,000, and homes are selling for 99% of listing price. Discover expert insights, from adapting buyers navigating new rate environments to home-selling tips for the approaching winter. Ready to make a move? Give me a call for all your buying and selling needs! 910-742-0078 🌐✨ #RealEstateTrends #MarketUpdate #HomeBuying #HomeSellingTips #REMAXAgent . . . #RobGibbs #RobGibbsRealEstate #ButchSaunders #ButchSaundersTeam #ButchSaundersRealEstate #EssentialRentalManagement #WilmingtonRealEstate #WILMRealEstate #CoastalLiving #REMAXNews #REMAXArticle #Article #RealEstateArticle #RealtyArticle #MarketStats #HousingMarket #RealEstateNews

Exciting news in California real estate! 🏡✨ Our latest housing market update reveals positive trends as both supply and demand rise, signaling a competitive spring homebuying season ahead. Despite recent rate fluctuations, buyer sentiment remains strong. Checkout our detailed analysis for valuable insights into market trends and median prices. https://lnkd.in/gdDaXsGv #CaliforniaRealEstate, #HousingMarketTrends, #HomebuyingSeason, #RealEstateInsights

For buyers, new listings stabilizing is a positive sign. It means you have a more steady stream of options coming onto the market and more choices for your next home than you would have at the same time last year. This opens up possibilities and allows you to explore a variety of homes that suit your needs. For sellers, while new listings are breaking seasonal norms, inventory is still well below where it was before the pandemic. If you look again at the graph, you’ll see the black line for this year is still lower than normal, meaning inventory isn’t going up dramatically and prices aren’t heading for a crash. And with less competition from other sellers than you’d see in a more typical year, your house has a better chance to be in the spotlight and attract eager buyers. Source: Keeping Current Matters #keepingcurrentmatters #realestate #realtor #realestatetips #realtortips #firsttimehomebuyers #housinginventory https://lnkd.in/eQSQkj9j

The inventory of homes actively for sale is still much lower than pre-pandemic levels but new listings saw a summer bump, increasing 3.5 percent from July to August. https://looksee.it/a8deg #HousingInventory #HomePrices #RealEstate #HousingMarket #HousingMarketUpdates #RealEstateBlog #Realtor #GreenvilleSC

🏡 Considering buying a home in 2023 but waiting for interest rates to drop? Ready to sell your home but worried about taking on higher interest rates with your next purchase? 📈 Read more about what’s happening in the housing market right now in the article linked below, predicting that when interest rates decrease, the real estate market will undergo a dramatic shift. 🏠. "I happen to agree with this prediction. I believe with lower rates on the horizon, we will see prices increase and with buyer activity increasing significantly, sellers will feel more comfortable making a move. Change is the only certainty – and it’s on the way." - Scott Furman Stay informed and consider your options carefully as you navigate the complex 2023 housing market. And if you need a pro with a wealth of experience in all markets, give me a call – and let’s do this together. 🌎 https://lnkd.in/eef8aUBP 📱: 610-687-2962 📧: scott@scottfurmangroup.com #ScottFurman #ScottFurmanGroup #RealEstate2023 #HomeBuying #InterestRates #HousingMarketInsight #RealEstatePredictions #RealEstateShift #ChangeIsComing #SellersMarket #BuyersMarket #RealEstatePro #ExperienceMatters #2023HousingMarket #PropertyMarket #ScottFurmanGroup #CallMeForRealEstate