Redfin CEO: 2024 Housing Market Collapse
Stay up to date on the latest information and analysis regarding the state of the housing market. Our Videos encompass various factors such as home sales, home prices, inventory levels, mortgage rates, and market trends. Our updates provide valuable insights into the current conditions and dynamics of the real estate market, helping buyers, sellers, and investors make informed decisions. We make videos that typically include data on the number of homes sold, average prices, average days on market, and the supply and demand dynamics. Our updates can be useful for tracking market trends, understanding pricing patterns, and evaluating the overall health of the housing market.
Some Trends to Focus on:
Home Sales: This data reflects the number of residential properties that have been sold within a specific timeframe. It helps gauge the level of activity and demand in the market.
Home Prices: Information on home prices is crucial as it indicates the value of properties and helps track trends in appreciation or depreciation. It may include average sale prices, median prices, or price per square foot.
Inventory Levels: Inventory refers to the number of homes available for sale in a given market. Tracking inventory levels helps determine market supply and demand dynamics and whether it is a buyer’s or seller’s market.
Days on Market: This metric measures the average number of days it takes for a property to sell after being listed. It can indicate the speed at which homes are being bought and provide insights into market competitiveness.
Mortgage Rates: Knowledge of current mortgage rates helps buyers and sellers understand the cost of borrowing money for purchasing a home. Fluctuations in rates can impact affordability and buyer demand.
Foreclosure Rates: This factor highlights the number of properties in foreclosure or at risk of foreclosure. It provides insights into the health and stability of the housing market.
Market Trends: Market updates often include analysis of emerging trends, such as the popularity of certain neighborhoods, shifts in buyer preferences, or changes in housing preferences due to external factors like remote work.
Local Market Data: Housing market updates may also include data specific to a particular city, region, or neighborhood. This helps individuals evaluate the local market conditions and make more informed decisions.
For correspondence please email me at:
Travis@RealEstateMindset.Org
For faster correspondence, please email Jullian Lopez :
Jullian@realestatemindset.org
Helpful Links:
1. How Much Interest Really Cost Calculator
https://www.consumerfinance.gov/owning-a-home/explore-rates/
2. How Much Can You Afford Calculator
https://www.calculator.net/house-affordability-calculator.html
3. Debt to Income Ratio Calculator
https://www.calculator.net/debt-ratio-calculator.html
4. Amortization Calculator
https://www.calculator.net/amortization-calculator.html
Data Source:
#1 https://www.cnbc.com/video/2023/09/13/the-best-time-to-buy-is-the-first-week-of-october-says-realtor-coms-danielle-hale.html
#2 https://www.redfin.com/news/data-center/
#mortgagerates #realestatenews #housingmarketupdate
My Personal BIO, OUTSIDE of Real Estate Mindset:
Travis Spencer
Loan Originator #1044093
Amcap Home Loans
Equal Housing Lender
9999 Bellaire Blvd. Suite 700
Houston, TX 77036
Travis Spencer
TREC Provider #10299
Travis Spencer
TREC Sales Person Realtor #727233
Executive Texas Realty
417 Gentry Street Suite D
Spring, TX 77373
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Real Estate Mindset or Travis Spencer are registered financial advisors. Your use of Real Estate Mindset’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Real Estate Mindset does not establish a formal business relationship.
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