New Jersey REALTORS’ Post

Your December Housing Update is here! This is the November recap for Southwest King County. Interest rates are trending down as we head into the winter market, which is the time of year when we have the fewest new listings coming to the market. November saw 1.4 months supply, with 48.8% of homes going pending in the first 30 days. #southwestkingcountyrealestate #realestateupdate #housingmarket #realestateagent

Your December Housing Update is here! This is the November recap for Southeast King County. Interest rates are trending down as we head into the winter market, which is the time of year when we have the fewest new listings coming to the market. November saw 1.4 months supply, with 55% of homes going pending in the first 30 days. #southeastkingcountyrealestate #realestateupdate #housingmarket #realestateagent

As interest rates stay higher for longer, will home prices start falling in Orange County? For home buyers, the unfortunate answer is probably not. Although inventory is starting to go up faster than last year, we are still way below the levels we typically see during this time of year. Yes, demand is also lower than normal, but there are still enough home buyers out there to keep us in a seller's market for the foreseeable future. The market is still red hot in most areas of Orange County and as we enter Summer it will begin to slow down slightly as more inventory continues to hit the market and demand starts it's normal decline, but don't expect a balanced or buyer's market anytime soon. Want to get more insight into what's happening in the Orange County housing market, how about an update on the commission lawsuit that will take effect on August 17? If you are thinking of buying of selling a home this summer what is my advice for you? You can find all of this and more in this month's housing market update so check it out! DRE:01974435 #orangecounty #orangecountyrealestate #housingmarket #2024housingmarket

The data is in and according to New Jersey Realtors® February 2024 housing market data report, there were 6,590 single family closed sales year-to-date. Here's how New Jersey's counties compare 📈🏡 Read the full report >> https://njreal.to/W3VjwL #njhomes #closedsales #njhomesales

According to New Jersey Realtors® January 2024 housing market data report, the average home in New Jersey was on the market for just 39 days year-to-date. Here's how the counties compare. #njrealestate #njhousing #realtor Research your local market >> https://njreal.to/lLamSq

It might seem crazy but for most of Southern California the majority of experts are predicting home values will be rising next year. How much will they go up? I’ll be releasing my 2024 Orange County housing market forecast later this week so stay tuned for the detailed explanation. #joshalexander #joshalexanderrealestate

Learn more about the affordability issues facing mobile home owners and new housing protections for these New Yorkers on The Capitol Pressroom with David Lombardo. https://lnkd.in/eYvrZ2ik

Predictions for 2024 Real Estate market.... NAR, Realtor.com, John L Scott and many others are predicting rates to flatten and average out around the mid to high 6's next year. The annual median home price is expected to remain unchanged on a national level, however in WA state home values have risen 43.8% in the last 3 yrs. New construction is slowly increasing but it's at historic lows, created a lack of inventory compared to the increased demand from buyers. Here in Bellingham we are seeing a back log of buyers that are ready to go if rates come down, pricing levels out and sellers are willing to make more concessions. Each location and market is different, I'm here to answer any questions one might have about the far north PNW.

'The Texas Housing Market is Starting to Look More Like California' "The influx of newcomers to San Antonio, coupled with a limited supply of homes, has driven up prices. The city’s top employers, predominantly in the military, education and healthcare sectors, provide stable but not high-paying jobs, contributing to the affordability challenge, said Ali Wolf, chief economist at housing-market research firm Zonda based in Newport Beach, Calif." “This is when San Antonio started to face some of the issues of the other markets,” Ali Wolf said. “Now home prices were aligned with some of the newcomers.” Article Credit and Thanks: Adolfo Flores, The Wall Street Journal, and Tamir Kalifa Curious about the evolving Texas markets? Zonda's Chief Economist Ali Wolf with the Texas expert SVP Bryan Glasshagel provided an in-depth inquisitive webinar overview of the nation and Texas markets. For more on Zonda speaking engagements, or the how your local market is performing, ground-breaking listing platforms, or unparalleled residential data resources: Chief Advisory Officer Tim Sullivan Chief Economist Ali Wolf Nicollette Chapman (National Mortgages) Karyn Bonder (Free Listings - Livabl ) Steven Greco (Zonda Virtual (Formerly Alpha Vision)) Bryan Glasshagel (Texas) Kristine Smale (Southeast and Florida) Evan F. (National/Cali/West/Desert) Adam McAbee (National/Resorts) Jasmine Cracknell-Young (Canada) Kimberly Byrum (formerly Fiala) (National - Multifamily) Mollie Carmichael (Consumer Trends) Todd Tomalak (Building Products) Ryan Early (Data Interrogation) Shaun McCutcheon (Carolinas) Dan Fulton (Mid-Atlantic) Bob Templeton and Mark Zawistoski (Education) https://lnkd.in/gprGgFhk

Report: Three of the ‘hottest’ US housing markets are in Illinois https://bit.ly/3TUiCnl #realestateattorney #illinoisrealestate #dupagecounty #illinoislawfirm #businesslawyer