Market Update – Real Estate Network AgentsGather

Zillow’s 2025 Real Estate Market Forecast

December 4, 2024 Published by Sammy Loggins

Zillow’s 2025 Real Estate Market Forecast: Buyers Gain Leverage in the Southwest Zillow’s latest predictions for the 2025 real estate market paint an evolving picture of the U.S. housing landscape, with the Southwest emerging as a key focus. Following trends seen in the Southeast, markets in the Southwest are expected to see increased home-buying activity as inventory grows. However, challenges such as volatile mortgage rates and shifting buyer preferences will influence the dynamics of the market. Here's a detailed look at Zillow's forecast for 2025. Southwest Markets Poised for Increased Activity Buyers Gain Leverage:Zillow predicts that buyers in the Southwest will have a competitive edge as inventory rises in the region. This increased availability of homes will create a surplus, giving buyers more options and... Read more

Southwest Florida’s Real Estate Market: 2019–2024

November 26, 2024 Published by Sammy Loggins

Look at Southwest Florida’s Real Estate Market: 2019–2024 The Southwest Florida real estate market has experienced remarkable transformations over the past five years, driven by shifting economic dynamics, environmental factors, and evolving buyer preferences. From skyrocketing home prices to stabilizing sales, each year has brought its own unique challenges and opportunities. This article dives into the key trends shaping the market from 2019 to 2024, providing valuable insights for buyers, sellers, and industry professionals. Understanding Median Home Prices 2019:In 2019, the median closed price for homes in Southwest Florida was $325,000 in September. At this time, the market was steady, laying the groundwork for the unprecedented changes to come. 2020–2021:The pandemic years witnessed a surge in home prices as demand outstripped supply. Buyers flocked to... Read more

Home Sales Jumped in October, but Rally May Be Short-Lived

November 25, 2024 Published by Southwest Florida Homes for Sale

Home Sales Jumped in October, but Rally May Be Short-Lived October 2024 saw a surprising uptick in home sales across the United States, providing a glimmer of hope for a housing market grappling with elevated mortgage rates and limited inventory. However, this rally might be temporary, influenced by a mix of market dynamics and economic uncertainties. Below, we analyze the factors driving the recent surge and explore what could temper this momentum. Explore the factors behind October 2024’s surprising home sales surge and what could slow the housing market in the months ahead. Why Did Home Sales Increase in October? 1. Temporary Decline in Mortgage Rates A slight dip in mortgage rates from their recent highs of over 7% encouraged buyers who had been waiting... Read more

Economic Data Impacting the Market – November 12, 2024

November 12, 2024 Published by Southwest Florida Homes for Sale

Economic Data Impacting the Market – November 12, 2024 The latest economic indicators from November 2024 paint a picture of a resilient labor market and steady economic growth, prompting financial markets to adjust expectations around future monetary policy decisions. For investors, the stronger job market and solid GDP growth support a “wait-and-see” stance on Federal Reserve rate cuts. These dynamics could continue to drive fluctuations in bond and mortgage rates in the coming months, highlighting the importance of staying informed on market trends and economic indicators. As of November 12, 2024, recent economic data releases are significantly impacting financial markets, especially influencing bonds and mortgage rates. Stronger-than-anticipated employment figures, along with steady GDP growth, have led analysts and investors to adjust expectations for the Federal... Read more

Real Estate Market Update: Atlanta, GA – November 2024

November 12, 2024 Published by Carter Scott

Real Estate Market Update: Atlanta, GA – November 2024 Stay updated on the Atlanta real estate market in November 2024. Discover trends, price updates, and neighborhood highlights for buying and selling success. As of November 2024, the Atlanta, Georgia real estate market reflects a dynamic blend of high demand, shifting inventory, and changing buyer behavior. Atlanta’s housing market continues to be influenced by rising interest rates, evolving buyer expectations, and a steady influx of new residents attracted to the city’s economic growth and diverse neighborhoods. In this update, we explore current trends, price changes, and projections for Atlanta’s housing market as we move through the final months of the year. Why Atlanta’s Real Estate Market is Unique Atlanta’s real estate market stands out for its... Read more

Economic Data Impacting the Market

October 30, 2024 Published by Southwest Florida Homes for Sale

Economic Data Impacting the Market: October 2024 As of October 2024, the latest economic reports have provided mixed signals to financial markets, influencing both bonds and mortgage rates. Stronger-than-expected employment data and GDP growth figures are shifting expectations about the Federal Reserve’s rate policy trajectory for the coming months. Here’s a breakdown of the ADP employment data, GDP report, and how these indicators are shaping market conditions. Key Economic Data Released ADP Employment Data The ADP employment report revealed stronger-than-expected job growth, surprising analysts and causing a sell-off in bond markets early in the trading day. Strong employment numbers often suggest that the labor market remains tight, which could delay the Federal Reserve’s plans to cut interest rates, as inflationary pressures may persist longer than... Read more

How the 2024 Election Could Impact the Real Estate Market – Trump or Harris Victory and Real Estate

October 28, 2024 Published by Sammy Loggins

How the 2024 Election Could Impact the Real Estate Market Explore how the 2024 election may impact the real estate market. Learn about potential effects on mortgage rates, home prices, and market activity. The 2024 election brings both uncertainty and opportunity to the real estate market. Historically, elections tend to cause temporary slowdowns as buyers and sellers pause their activities to observe potential shifts in fiscal policy. However, the impact is usually short-lived, with markets often rebounding within months after the election, accompanied by rising sales and stable or increasing home prices. Election-Year Trends in Real Estate Elections often influence buyer and seller behavior, with many adopting a "wait-and-see" approach in the months leading up to voting day. While this cautious sentiment may temporarily dampen... Read more

Best and Worst Markets by Mean Days on Zillow Until Pending – September 2024

October 28, 2024 Published by Southwest Florida Homes for Sale

Explore the best and worst real estate markets by mean Days on Zillow Until Pending (DOZ) as of September 2024. Learn which cities have the slowest and fastest-moving markets. In September 2024, the mean Days on Zillow (DOZ) Pending metric reveals which real estate markets are moving slowly or rapidly. A high DOZ indicates homes are sitting on the market longer, reflecting either decreased demand or unique market conditions, while a low DOZ highlights fast-moving markets with high buyer interest. Below are the top 10 cities with the highest mean DOZ pending and the 10 cities with the lowest mean DOZ pending as of September 30, 2024. Top 10 Cities with the Highest Mean DOZ Pending (Slow-Moving Markets) Susanville, CA – 135.0 Homes in Susanville... Read more

Top and Worst Real Estate Markets in the U.S. as of October 2024

October 28, 2024 Published by Southwest Florida Homes for Sale

Top and Worst Real Estate Markets in the U.S. as of October 2024 Explore the top and worst real estate markets in the U.S. as of September 2024. Discover the strongest and weakest markets based on the Market Temperature Index. This article examines the best and worst real estate markets across U.S. cities with populations over 150,000, based on the Market Temperature Index for September 2024. The top-performing markets reflect strong demand and economic growth, while the lowest-ranking markets struggle with oversupply, affordability issues, or slow recovery. A score of 70 or above to be a “strong sellers market.” A score from 55 to 69 to be a “sellers market.” A score from 44 to 55 to be a “neutral market.” A score from 28... Read more

Jacksonville, Florida Real Estate Market Update – October 2024

October 27, 2024 Published by Ethan Harris

Jacksonville, Florida Real Estate Market Update – October 2024 Explore the latest Jacksonville, Florida real estate market trends for October 2024. Learn about sales trends, price adjustments, and strategies for buyers, sellers, and investors. Jacksonville, Florida Real Estate Market Update – October 2024 In October 2024, Jacksonville’s real estate market shows notable activity, though some areas are experiencing market cooling trends. Here's a breakdown of the latest developments and market trends in Jacksonville: Key Trends and Insights Sales and Inventory Changes The number of homes sold during early October saw a notable drop compared to the previous month. Key platforms like Zillow report a 62% week-over-week decline in sales during the week of October 7-14, 2024, reflecting a reduction in buyer activity. Meanwhile, listings remain... Read more

Category: Market Update