Join Earl Forrest from Bell Tower Real Estate Team and Kevin Onizuk from Alcova Mortgage in their weekly market update discussion! The dynamic duo reflects on the past year, sharing insights about the real estate market in 2024 and offering predictions for the upcoming months.
Video Highlights:
:: Real estate in 2023 saw some challenges, but home prices held steady, and mortgage rates, although higher than usual, were historically average for most of the year.
:: The advantages of buying during times when competition is lower to secure better deals.
:: Mortgage rates, which reached highs in October, are expected to remain reasonable, with potential rate cuts anticipated in March 2024.
:: The positive trends in the real estate market, with an average of 22 days on the market in December and around 1450 sales in the greater Hampton Roads area.
:: Despite concerns, the market maintains a strong seller's market with two months of inventory at the end of 2023.
:: The average home price in the area was $330,000, providing a reasonable price point compared to rising rents.
:: Kevin and Earl share tips for aspiring homebuyers in 2024, including improving credit, planning for a down payment, getting pre-approved, and prioritizing essential features when buying a home.
The hosts express excitement about the opportunities in real estate for the upcoming year and encourage viewers to take action sooner rather than later.
Connect with Kevin & Earl:
Kevin Onizuk: www.loanswithkevin.com
Reach out to Earl Forrest for real estate advice and property insights: Earl@Belltowerteam.Com
Stay tuned for next week's market update!
Don't miss out on valuable real estate discussions and tips. Subscribe, like, and hit the notification bell for updates. If you have specific questions or topics you'd like Kevin and Earl to cover, drop them in the comments below. Happy home hunting!
18 сен 2024
