From August to September, listings increased 0.4% — a positive sign, as listings normally decrease in the fall. Higher-priced homes see even more relief, with listings up 10% YoY.
Larger Markets See Even Bigger Inventory Gains1
Home Price Growth Continues to Slow Down1 A moderation in prices makes homeownership more affordable for buyers.
Mortgage Delinquencies Below Pre-Crisis Levels2 In July, the nation's delinquency rate was 4.1% (Down 4.7% from the year prior, and the lowest level in 12 years!)
Unemployment Reaches Lowest Level Since 1969*3
More employed people means more eligible buyers for the housing market.
Home Equity Grows4 Homeowners gained an average of $12.3k in equity in Q2 over 2017. That's $980.9 billion in equity!
As housing inventory rises and price growth slows, it will bring more buyers into the market. Are you ready? Talk to me about how we can strengthen our relationship to prepare for the changes ahead.
Sources: [1] Realtor.com® Market Recap, September 2018. [2] CoreLogic®, a data and analytics company, Loan Performance Insights Report, July 2018. [3] Bureau of Labor Satistics, Employment Situation Summary, September 2018. [4] CoreLogic, Homeowner Equity Insights, Q2 2018.
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