Market Update

U.S. Housing Market Declines Basically Everywhere

September 22, 2024 Published by Southwest Florida Homes for Sale

U.S. Pending Home Sales Decline in August 2023: Analysis and Implications There is no getting around the fact that 2024 was an absolute horrible year for real estate. Just horrible market conditions, high prices, high interest and the DOJ playing stupid games.The U.S. real estate market faced significant challenges in August 2023, as the Pending Home Sales Index (PHSI) dropped to one of its lowest levels in recent years. The National Association of Realtors (NAR) reported a 7.1% month-over-month decline, bringing the index down to 71.8. This marks an 18.7% decrease from August 2022, highlighting the persistent hurdles in the housing sector. Key Data Points Pending Home Sales Index (PHSI): The PHSI is a forward-looking indicator based on contract signings for existing single-family homes, condos,... Read more

Evergreen, Conifer and Golden Colorado Real Estate

September 19, 2024 Published by Orson Hill Realty

Real Estate Market Comparison: Conifer, Evergreen, and Golden, Colorado The real estate markets in Conifer, Evergreen, and Golden, Colorado, each offer unique dynamics, making them appealing to different types of buyers and renters. Here's a breakdown of the current market trends for these three areas as of September 2024. Conifer: Balancing Space and Affordability Conifer's market stands out for its balance of space and affordability. With a median list price of $839,000 and a per square foot rate of $363, Conifer provides a slightly more affordable option than neighboring Evergreen and Golden. Its average days on market is 80, and 62% of the listings have seen price reductions, signaling a moderate market cooling. With its natural beauty and spacious properties, Conifer appeals to those seeking... Read more

Tampa Housing Market September 18th 2024 – Things Are Softening

September 18, 2024 Published by Bill Brown

Tampa Real Estate Market Update: September 2024 I will always be a cheerleader for Tampa. It is such a great city with so many real estate opportunities and markets. The Tampa real estate market has seen some interesting shifts in September 2024. The median list price is currently $520,845, with the market action index sitting at 39, indicating a slight seller's advantage. This is a minor dip compared to last month’s index of 40, showing that the market might be cooling just a bit. Inventory has held steady at 1,543 homes, which reflects consistent activity in the market. Key Market Metrics: Median List Price: $520,845 Median Price of New Listings: $477,450 Price Per Square Foot: $297 Average Days on Market: 83 Median Days on Market:... Read more

Real Estate Market Predictions for 2025

September 17, 2024 Published by Ethan Harris

Real Estate Market Predictions for 2025 - What Might Happen... The real estate market for 2025 is a complex landscape that offers both opportunities and challenges. With the economy gradually stabilizing after a volatile few years, many buyers, sellers, and investors are eager to understand what the future holds. Economic conditions, inventory shortages, and fluctuating mortgage rates will all play pivotal roles in shaping the market. Let’s dive deeper into what experts predict and how you can prepare for the evolving dynamics. Key Predictions for the 2025 Real Estate Market 1. Modest Price Increases While the last few years saw housing prices surge due to low inventory and high demand, the pace of growth is expected to slow down in 2025. Experts forecast home prices... Read more

Pensacola Real Estate Market Update

September 11, 2024 Published by Alexander Moore

Pensacola Real Estate Market Update: September 2024 As of September 2024, Pensacola’s real estate market is showing signs of stabilization after a few years of dynamic growth. While the market still offers plenty of opportunities for buyers and sellers alike, the trends indicate that we are moving towards a more balanced landscape. This update will explore the key elements driving the current market, provide insights into home prices, sales data, and what buyers and sellers should expect going forward. Current Market Conditions Pensacola’s median home price in September 2024 is around $280,000, reflecting a slight decline from previous years. This adjustment comes as the market cools from the high-demand periods of 2021 and 2022 when prices surged due to limited inventory and high buyer interest. Homes... Read more

Buckhead’s real estate market

September 10, 2024 Published by Carter Scott

Real Estate Market in Buckhead, Atlanta: A Comprehensive Overview Buckhead, one of the most affluent and desirable neighborhoods in Atlanta, offers a mix of luxury living, vibrant cultural spots, and high-end shopping. Located in the northern part of Atlanta, Buckhead has become a prime real estate destination, attracting both local and international buyers. Whether you're considering buying a luxury property or investing in short-term rentals, Buckhead's market offers varied opportunities. Current Market Trends The real estate market in Buckhead, Atlanta, is competitive but slightly less aggressive than in past years. As of 2024, homes in Buckhead are selling for an average of 97.8% of their list price. While this figure shows a slight decline year-over-year, homes in the area still maintain their value and continue... Read more

Virginia Beach real estate market – September 2024

September 3, 2024 Published by Bobby Candor

Virginia Beach, Virginia Real Estate Market Update - September 2024 Virginia Beach real estate market Virginia Beach is feeling the same real estate pinch the rest of the world is feeling too! The real estate market in 2024 has been an interesting ride and it surely isn't over yet. Virginia Beach, Virginia, known for its stunning coastline and vibrant community, continues to be one of the most desirable places to live on the East Coast. Close proximity to many other beaches as well like Nags Head and the Outer Banks in NC. As of September 2024, the real estate market in Virginia Beach is thriving, driven by strong demand, a diverse range of property types, and the city’s appeal as a top destination for both... Read more

Evergreen Colorado Real Estate Market Update: August 2024

August 30, 2024 Published by Orson Hill Realty

Evergreen Colorado Real Estate Market Update: August 2024 Evergreen Colorado Real Estate Market Update: As we move through August 2024, the real estate market in Evergreen, Colorado, continues to display a unique blend of stability and opportunity. Known for its stunning mountain views, proximity to Denver, and strong community atmosphere, Evergreen remains one of Colorado's most desirable locations. For those looking to navigate this dynamic market, Orson Hill Realty in Evergreen, CO is your trusted partner. In this article, we'll explore the current trends, pricing, and key factors shaping the Evergreen real estate market this month, with insights from the experts at Orson Hill Realty. 1. Market Overview for August 2024 The Evergreen real estate market has seen steady activity throughout 2024. August is no... Read more

End of the Summer Denver Foothills/Front Range Real Estate Market Wrap Up

August 27, 2024 Published by Danny Skelly

It has truly been a crazy year for real estate. Not only have we seen some of the highest interest rate in years, historic low inventory and record high home prices, we also implemented new rules and regulations (in some states laws too) making it harder for some home buyers to compete in the current market. So what is Really Going on With the Real Estate Market? There really are a of factors at play here. As anyone that has taken a 101 level business class know, supply and demand dictate prices, right? Well if that was truly the case we would not be seeing pretty much a flat line in appreciation over the last 12-14 months. The lack of inventory really canceling out any... Read more

Real Estate Market Update – What is Really Going on in the Market?

April 6, 2024 Published by Orson Hill Realty

Real Estate Market Update - What is Really Going on in the Market? There is no doubt things are crazy out in the world of real estate. Not only are buyers needing to deal with 7% interest rates, low inventory, stubbornly high home prices and possibly needing to pay their own agent or go with no representation. It truly sucks to be a buyer...and it isn't getting better. Interest Rates are Still Higher Than Buyers Remember Interest rates in the last 50 years have averaged in the mid 7's. We are not actually "high". We are average. Just higher than most people remember. Although I recall my parents having a 17% interest rate in the 70s. As you can see by the chart we are... Read more

DIY Budget-Friendly Kitchen Upgrades
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Beer Festivals Colorado
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Real Estate Market in Southwest Florida as of December 2023
The real estate market in Southwest Florida, as of December 2023, continues to demonstrate its dynamic and attractive nature for homebuyers and investors. Here’s an overview of the current trends and hot markets in this region: As of December 2023, the real estate market in the Southwest, particularly in Florida, shows a variety of trends and developments. Overall Market Trends: Market
NAR NXT 2023 Speakers and Guests
NAR NXT 2023 Speakers: A Convergence of Inspiration and Resilience in Real Estate Who is Speaking? The NAR NXT 2023, a premier event for real estate professionals, is set to transform the Anaheim Convention Center into a hub of inspiration and industry insight. This esteemed event, organized by the National Association of REALTORS®, is anticipated to attract over 12,000 participants, eager to
Southwest Florida Living and Playing
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Category: Market Update