How's The Market?
Q3 2024 WRAP-UP
Q3 2024 was marked by falling interest rates, a volatile but ultimately positive stock market, and the lowest inflation in over three years, boosting consumer confidence as the economy continues to grow.
Single-family home appreciation remained steady compared to last year, but the number of homes entering escrow surged by 20%, with sales increasing by 10%.
With the fall selling season now in full swing, we anticipate strong activity leading up to the typical mid-to-late November slowdown. This year’s significant interest rate reductions, along with predictions of further cuts, have many expecting an especially busy season, as buyers seize the opportunity to benefit from improved borrowing conditions.
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