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Real estate Market Update Market Update 9-10-24 The JK Team   New home sales were UP in August from July and above the seasonal norm. Lower rates, even in the 6’s, spawns buyers. (John Burns) Donald Trump says, if elected, he plans to cut the cost of a new home “in half” by slashing regulations so “young people can buy a home again.”  Many cumbersome […]
Real estate Market Update Market Update 9-7-24 / The JK Team A Look Into the Markets   This past week interest rates improved slightly from concerns of an economic slowdown. Let’s discuss what happened and look into the important news items next week. “Ba-dee-ya, say, do you remember? Ba-dee-ya, dancin’ in September Ba-dee-ya, never was a cloudy day” – September by Earth, Wind and Fire.   Labor […]
Real estate Market Update The latest Market Update 8-22-24 – The JK Team   We’re are at a 50-year high of building multi family apartments. As a result, median asking rent prices for apartments were LOWER in July, the first time lower rents have occurred since 2020. (Redfin) Custom home building is at a two-year HIGH. (NAHB)   There are 135,000 homeowners currently in forbearance. That’s only around […]
NAR SETTLEMENT NEWS Market Update 8-20-24 – The JK Team Hello Friends, The NAR Settlement is here. I thought this was interesting and good information… President and CEO of Anywhere Brands: “I don’t have a crystal ball on how every NAR-affiliated MLS or state association will interpret the legal language in NAR’s settlement. But what I do know is that we all have a choice: […]
Real estate Interest Rate Update Interest Rates Market Update 8-17-24 from the JK Team   Interest rates continue to hover just beneath the best levels of the year. This past week an important inflation reading was delivered and bonds breathed a sigh of relief. Let’s discuss what happened and look at the events to watch for next week. “I’m going to Jackson; I’m going to mess around”…  – Jackson by […]
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