Real estate Market Update

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Real estate Market Update Mortgage Rate Forecast Through 2025: What Homebuyers and Homeowners Need to Know As we move through 2024 and into 2025, the mortgage rate landscape is expected to undergo some notable changes. Here’s a detailed look at what experts are predicting and what it means for you. Current State of Mortgage Rates As of now, the average 30-year fixed mortgage rate hovers around 6.22%1. This is a significant drop […]
Real estate Market Update War can significantly impact mortgage rates!   Economic Uncertainty and Investor Behavior Flight to Safety: During times of war, investors often seek safer assets like government bonds. This increased demand for bonds can lead to lower yields, which in turn can reduce mortgage rates1. Stock Market Volatility: War can cause stock market instability, prompting investors to move their money into bonds, further […]
Real estate Market Update Real estate Market Report for Southeast PA 9-11-24 – The JK Team Market Overview (Summer 2024) Home Sales: There has been a notable increase in home sales, with a 9.6% rise compared to the same period last year1. Median Sales Price: The median sales price for homes in Southeast Pennsylvania is approximately $307,7501. Inventory: The inventory of homes available for sale has seen a slight decrease, contributing […]
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 […]
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