New Jersey's MORTGAGE RATES Are Not DROPPING?! 😱 | New Jersey Housing Market Update Q4 2024 скачать в хорошем качестве

New Jersey's MORTGAGE RATES Are Not DROPPING?! 😱 | New Jersey Housing Market Update Q4 2024

New Jersey's Mortgage Rates Are Not Dropping?! New Jersey Housing Market Update Q4 2024! Are you thinking of moving to New Jersey? As we enter the fourth quarter of 2024, New Jersey's housing market brings both opportunities and challenges for buyers and sellers. While there has been a steady stream of market updates and predictions, interest rates continue to confound expectations. In today's episode of New Jersey Living, let's explore the factors behind New Jersey's stubborn mortgage rates in Q4 2024, dive into trends, price shifts, and what this means for buyers and sellers alike. 🔍 Key Highlights: ⭐ Mortgage Rates Update: Rates have trended upward since July despite stable inflation. Future drops are anticipated but not guaranteed. ⭐ Sales Prices and Trends: Average and median sales prices have decreased from June to September, with homes still selling above list price but by a smaller margin. ⭐ Absorption Rate Decline: The absorption rate dropped in September, indicating a slower sales pace and reduced transaction volume heading into Q4. ⭐ Days on Market Increase: Average days on the market rose to 30 in September, shifting from faster summer sales. ⭐ New Listings Surge: New inventory increased in September, typical for the fall season, providing more options for buyers. ⭐ Fall Buyer Trends: Fall sees active buyers, but activity slows after Thanksgiving. Serious buyers remain, but many sellers opt to wait until spring. ⭐ Future Rate Impact on Market: Expert expects market stabilization if rates drop to around 5.5%, potentially encouraging more sellers. Watch the FULL video to learn more about New Jersey's housing market. For more videos about everything you need to know about New Jersey, what it's like to live here, or if you're a buyer or a seller interested in the booming real estate market of New Jersey, don't hesitate to contact me! Like this content? Hit the LIKE and SUBSCRIBE buttons for more! ⬇️⬇️⬇️⬇️⬇️⬇️⬇️ 📌 Are you considering moving to New Jersey? Click here to get a FREE relocation guide: https://contact.buyorsellrealestateno... 📌 Are you looking to buy a home in New Jersey? Click here to get a FREE NEW JERSEY HOMEBUYING GUIDE: https://link.buyorsellrealestatenow.c... ⬆️⬆️⬆️⬆️⬆️⬆️⬇️ 👇Subscribe to my channel for more videos like this👇    / @newjerseylivinggroup   ⬇️⬇️⬇️⬇️⬇️⬇️⬇️ Are you moving to New Jersey? Find out what it's like Living in New Jersey on this channel. We'll show you the best neighborhoods in New Jersey, things to do, the cost of living, and everything you need to know about New Jersey Real Estate! This channel aims to help home sellers and home buyers navigate the world of New Jersey Real Estate. You'll get valuable tips and tricks when buying or selling a home in the New Jersey Housing Market. You'll also stay updated with the latest real estate market news and trends. This will help you make the best decision when dealing with New Jersey real estate from home buying and selling to investing. We upload videos weekly. SUBSCRIBE to get all the latest and exclusive news and trends about New Jersey Real Estate! ⬆️⬆️⬆️⬆️⬆️⬆️⬇️ Corey Jones New Jersey Living Group Coldwell Banker 🏡 145 Maplewood Avenue Maplewood, NJ 07040 📞 (973) 564-1950 🌐 www.newjerseylivinggroup.com #realestate #newjersey #newjerseyliving #newjerseyhousingmarketupdate #newjerseyrealestatemarket #newjerseyrealtor #movingtonewjersey #buyingahouseinnewjersey