The US housing market is on an epic roller coaster ride, with nearly a quarter of homes experiencing price cuts in June, the highest rate for this time of year since 2018, according to Zillow. High costs and rising inventory are leading to easing competition, helping buyers regain their footing. Zillow's June report highlighted that 24.5% of home listings faced price reductions due to cooler competition and changing market dynamics. Although booming construction has alleviated some of the supply crunch, inventory is still below pre-pandemic levels. The demand-supply imbalance has now been the smallest since 2020, with the lowest monthly growth rate since 2011 for June. While prices continue to rise, the appreciation rate has slowed, diminishing the seller's market advantage. Regionally, buyers' markets have emerged in Southern cities like New Orleans, Miami, Austin, Jacksonville, and Tampa, driven by high prices and insurance costs pushing buyers out.

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➡️Link for your unique 7-day free trial with a $35 monthly fee is - https://www.foreclosure.com/special.h.... LIVE STREAMS ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.

If you wanted to buy or sell a house, a significant fee was typically around 6% of the house's price, split between both sides of the real estate transaction. However, that's changing. In November, the housing market was shaken by a $1.87 billion lawsuit. The National Association of Realtors (NAR), representing over a million real estate agents, decided to settle multiple lawsuits by agreeing to pay $418 million and implement changes to reduce these high fees. They will no longer require agent fees to be listed on house listings, theoretically making buying and selling houses cheaper. This change could potentially lower real estate agent fees by 25% to 50%, allowing various services that assist with buying and selling houses to compete more effectively. As a result, houses could become more affordable for everyone. Many people are excited about the prospect of new, more cost-effective methods for buying and selling houses, benefiting both buyers and sellers.

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LIVE STREAMS ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.

Today we will break down the latest insights from media experts on the housing market, emphasizing that a crash is unlikely. Key factors include strong economic outlooks, job growth, and a shortage of housing supply. Nowhere do these experts mention higher property taxes and homeowner insurance. Despite higher mortgage rates, demand outpaces supply, and lending standards remain strict, reducing risky mortgages. We'll also cover potential signs of a market shift, what a crash could mean for buyers and sellers, and tips for preparing for market changes.

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➡️Link for your unique 7-day free trial with a $35 monthly fee is - https://www.foreclosure.com/special.h....

LIVE STREAMS ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.

First-time homebuyers in the US face a prolonged period of high mortgage rates and soaring home prices, with Bank of America economists predicting the housing market will remain "stuck" until at least 2026. Despite potential Federal Reserve interest rate cuts, mortgage rates may not significantly drop, and home prices are expected to continue rising due to an ongoing housing shortage. The "lock-in effect," where homeowners with low pandemic-era mortgage rates are reluctant to sell, further limits supply. This scarcity has driven the median price of a previously owned home to a record $419,300, creating a historically unaffordable market. The stagnation is evident in the record low pending home sales, as existing homeowners hesitate to move and new buyers struggle to afford homes. While experts like Dave Liniger of RE/MAX advise patience, the divide between current homeowners and prospective buyers grows, with the latter missing out on wealth creation. The market's future depends on economic conditions, with potential scenarios ranging from further price hikes if the economy stabilizes without a recession to possible price drops if a recession occurs, temporarily easing affordability.

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➡️Link for your unique 7-day free trial with a $35 monthly fee is - https://www.foreclosure.com/special.h.... LIVE STREAMS ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.

Mortgage rates are expected to stay high this summer after the Federal Reserve maintained the benchmark interest rate at 5.25% to 5.5%. The Fed, aiming to combat inflation, has kept rates steady after rapid hikes from near zero. Fed Chair Jerome Powell noted inflation has eased but remains above the 2% target. The Fed plans just one rate cut this year, disappointing those hoping for a summer decrease. Mortgage rates, near two-decade highs, are likely to stay around 6.99% until a rate cut is imminent. High rates complicate decisions for buyers and sellers, with affordability at risk due to rising home prices and mortgage rates. Despite flat inflation in May and falling gas prices, rising shelter costs continue to pressure the housing market. Critics argue the Fed's policies are exacerbating housing issues based on flawed inflation measures.

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➡️Link for your unique 7-day free trial with a $35 monthly fee is - https://www.foreclosure.com/special.h....

PODCAST ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.

In the current landscape of real estate, it's truly a tale of two markets. On one side, we see certain areas experiencing a significant decline in home prices, driven by economic uncertainties, rising interest rates, and an oversupply of properties. These markets are characterized by a cooling demand, longer listing times, and increased buyer negotiation power. Conversely, other regions continue to boom, with prices steadily climbing due to strong local economies, limited inventory, and high demand driven by desirable amenities and robust job markets. This dichotomy highlights the varied impacts of broader economic trends on local real estate, emphasizing the importance of understanding regional dynamics when buying or selling property.

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➡️Link for your unique 7-day free trial with a $35 monthly fee is - https://www.foreclosure.com/special.h....

LIVE STREAMS ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.

The median home sale price rose 6% year-over-year to $434,000 in April, driven by a lack of new home listings. The total number of homes for sale reached a four-year high, partly due to some homes sitting on the market after being priced too high. About 18% of homes had a price cut, up from 12% last year. Some Hot markets saw roughly three-quarters of homes sell for more than their asking price. Despite higher mortgage rates, buyers can still find some room to negotiate in certain areas. New listings increased, but remained below pre-pandemic levels, as many homeowners feel "locked in" by low mortgage rates.

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➡️Link for your unique 7-day free trial with a $35 monthly fee is - https://www.foreclosure.com/special.h....

LIVE STREAMS ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.

In today's stream, we delve into the pressing issue of home affordability, a concern that continues to loom large as mortgage rates soar past the 7% mark. This significant rise in interest rates has escalated monthly mortgage payments, putting homeownership out of reach for many prospective buyers. We'll explore how the current economic climate, characterized by high rates and steady price levels, complicates the dream of owning a home for average Americans. Additionally, the video will examine the broader impacts on the housing market, including slowed buyer activity and increased pressure on the rental market. Join us as we break down the numbers, analyze market trends, and discuss what potential homebuyers can do in these challenging times.

➡️To Get A Personal Referral For A Realtor Visit https://www.kristinasmallhorn.com/nee... For A Collaboration Video For Your Affordable Housing Option Or Comp. https://www.kristinasmallhorn.com/req...

➡️Link for your unique 7-day free trial with a $35 monthly fee is - https://www.foreclosure.com/special.h....

LIVE STREAMS ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.