In 2024, the real estate market is loosening up. Towards the end of 2023, we saw a shift in the market where fewer homes were hitting our market, and activity was down overall. In this new environment, you can’t try to buy and sell based on old market logic. That’s why today, we’re going through how our market has changed, how you can navigate things, and what it all means for buyers and sellers.
You can listen to our full explanation in the video above or skip to each topic using the timestamps provided:
0:00 — Introduction
1:22 — How rates affect buyers
2:53 — You can refinance when rates fall
3:35 — Competition is increasing this year
4:03 — Sellers are more willing to negotiate
6:13 — Buyers can be more reasonable with their offers
6:27 — Try to start with a soft offer
6:55 — Long-term investments make more sense
7:28 — Wrapping things up
If you have questions about this topic or anything else, please call or email us. We are always willing to help!