HelenTheRealtor
@HelenTheRealtorRealtor. Seniors Real Estate Specialist. Housing, people, money & the craft of real estate. My brokerage is eXp Realty. Nerds: I have a PhD from Georgetown.
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We have NEVER said this before but here’s an absolutely stunning near perfect MCM in Lake Forest, IL that was designed by the homes original owner Robert Rasmussen who was an apprentice for THE FLW (how many apprentices did he have actually?). The home features some Knoll fabric…
The average 30-year fixed mortgage rate today: 7.04% Spread: 266 bps
Single-family existing-home sales prices climbed in 87% of measured metro areas – 196 of 226 – in the third quarter, down from 89% in the prior quarter. The national median single-family existing-home price grew 3.1% from a year ago to $418,700. nar.realtor/newsroom/almos…
Homes listed received an average of 2.4 offers, flat from 2.4 last month and down from 2.6 one year ago. nar.realtor/research-and-s…
South Carolina tops the list, with 57% of its job movers coming from out of state. This is mostly attributed to its rapidly growing economy and job market. Areas like Charleston and Greenville are becoming hubs for both established companies and startups. nar.realtor/blogs/economis…
“During the next two years, expect a slower rate of growth in home prices that’s roughly in line with the consumer price index because of additional supply reaching the market,” added Yun. #NARPHS
First-time buyers represented 26% of buyers, flat and remaining at an all-time low from August 2024 and down from 27% in September 2023. 30% of buyers paid all-cash, up from 26% one month ago and 29% one year ago. nar.realtor/research-and-s…
September 2024 brought 3.84 million in sales, a median sales price of $404,500, and 4.3 months of inventory. The median sales price is up 3.0% year-over-year, and inventory was up 0.9 months from September 2023. #NAREHS nar.realtor/infographics/e…
While job relocation may not be the most common reason for moving—trailing behind housing and family reasons—the influx of workers into new areas significantly impacts local economies and real estate markets. nar.realtor/blogs/economis…
Over the past decade, some 3.2 million Hispanics have become homeowners—a 5.4% increase since 2012. Today, nearly 10 million Hispanic households own their own homes. nar.realtor/magazine/real-…
At the start of the decade, the 10 largest publicly traded homebuilders, as tracked by ResiClub, had a combined market cap of $77.7B As of Wednesday, those same 10 publicly traded homebuilders have a combined market cap of $170B resiclubanalytics.com/p/wall-street-…
2005 ---> 1.6% of single-family housing starts were built-to-rent 2023 ---> 9.5% of single-family housing starts were built-to-rent
Inventory has been consistently increasing since the beginning of the year. In August, total housing inventory was 1.35 million units, up 0.7% from last month. Compared to August 2023, inventory levels were up 22.7%. nar.realtor/research-and-s…
The Pending Home Sales Index, a measure of housing contract activity, rose 0.6% to 70.6 in August, improving slightly from July’s record-low reading, according to NAR. A level of 100 is equal to the amount of contract activity seen in 2001. finance.yahoo.com/news/30-year-m…
"According to NAR, the average age of first-time homebuyers has increased from 31 to 35 in a 10-year span." Many Millennial and Gen Z buyers are turning to creative paths to homeownership, such as co-buying with friends or moving in with family. cbsnews.com/news/millennia…
Existing home sales, which make up the majority of the market, slumped 2.5% in August to a seasonally adjusted annual rate of 3.86 million, the National Association of Realtors reported Thursday. That was the lowest August sales level since 2010. #NAREHS cnn.com/2024/09/19/eco…
Home shoppers had a larger selection of homes to chose from last month. All told, there were about 1.35 million unsold homes at the end of August, up 0.7% from July and 22.7% from August last year, NAR said. apnews.com/article/housin…
#NEW Fannie Mae just revised its forecast for the 30-year fixed mortgage rate 🏡👇 Q4 2024 -> 6.2% (previous: 6.4%) Q1 2025 -> 6.0% (p: 6.2%) Q2 2025 -> 5.9% (p: 6.1%) Q3 2025 -> 5.8% (p: 6.0%) Q4 2025 -> 5.7% (p: 5.9%
Instant Reaction: Fed Rate Cut, September 18, 2024 "The Fed's half-point rate cut decision is the beginning of six to eight rounds of further rate cuts well into 2025. The justification is cooling inflation in recent months and lighter job gains." nar.realtor/blogs/economis…
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