The market is still trending with some changes we are seeing homes stay on the market about two to three weeks longer. However, both buyers and sellers are very active in the market. Lending rates are still holding but shifting slightly to a lower percentage. Many ask Chris is it a good time to buy? Well, it's always a good time to buy the question is it a good time for you? Are you pre- qualified and ready for that change have you looked at numbers and what that payment looks like are some good starting points. Below is an article about projected growth and the market in every state. The article from fixr.com has some really good information.
The U.S. residential real estate market was valued at $106.7 trillion in 2024, with a 48.8% increase since 2019 & it’s projected to grow by aprx 19.4% by 2029.
Pices generally rise over time, but they do fluctuate in the short-term & are affected by supply & demand. For example, seasonality plays a role: Prices will typically rise in spring, peak around June, then steadily drop during the fall & hit a low point mid-winter before the cycle starts again . . .🏠
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