Modest Increase in Home Listings Sparked by Mortgage Rate Decline

Modest Increase in Home Listings Sparked by Mortgage Rate Decline

Modest Increase in Home Listings

The recent decrease in mortgage rates has led to more homeowners listing their properties, yet the modest increase in home listings is still not enough to bring the housing market's inventory back to pre-pandemic levels. Active listings in the U.S. rose by 4.9% in December year-over-year, with a significant 9.1% increase in new listings. Despite this uptick, the market remains constrained, with active and new listings still significantly below December 2019 levels. Factors like a decade-long shortage in new home construction and demographic trends contribute to this scarcity. Even with the mortgage rate drop to around 6.66%, many homeowners, who locked in rates below 4%, may still be reluctant to sell, suggesting that the upcoming spring homebuying season could favor sellers in a market with limited inventory.

Click here to read more

Are you looking for luxury properties? Click Here. For assistance with commercial transactions, please visit Frette Commercial.

Check out our Frequently Asked Questions: FAQ

Please call Barry Frette at 561-880-5587 to discuss the modest increase in home listings and the lower interest rates.

Delray Beach Luxury Communities, Latest News, National News
No comments

Written by

Barry is a resident of Delray Beach and a Realtor for William Raveis South Florida. He works with buyers and sellers of Luxury Properties & Residential Real Estate with focus on Delray Beach in Palm Beach County. Frette was born and raised in Miami but left in 2004 is now a proud resident of Delray Beach, Florida. He is available 24/7 and goes the extra mile to take care of his clients. For commercial, he specialize in Retail, Office, Industrial and Land Properties. He has a strong network of buyers and sellers, as well as access to the national and local databases. Barry can help you find a site or property to purchase, choose a building or space to lease for your business, market your property to find a tenant, or leverage the Raveis marketing team to help you divest of your property. When assisting residential clients, he relishes developing long-lasting relationships, and takes the time to fulfill the goals of his clients. Whether looking for the perfect home to buy or rent, or when you are selling, Barry takes his time to get the job done efficiently and this will be reflected the first day he begins working with you on your journey. Selling a Real Estate Asset on your own can be an overwhelming task. There's advertising to plan and budget for, private showings to arrange, purchase offers to negotiate, contract contingencies to worry about, and complicated paperwork to fill out. Make it easy on yourself by putting your property in the hands of seasoned professionals. We have extensive experience marketing properties and showing them to their best advantage.

View all posts by:

Comments are closed.