Monday, October 16, 2023

🔓 6 key insights on the late-Q3 market you should know, Nancy

Nancy, discover 6 key insights from the late Q3 market: Median monthly mortgage payment reached... (continue reading).
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Navigating Late-Q3 Market: 6 Key Insights

  ▶︎ 

  Prepared for:  
 Nancy Monts-lium 

Report Source: Markets Insider

Nancy, discover 6 key insights from the late Q3 market:

1. Record-high monthly mortgage payments:

Median monthly mortgage payment reached an all-time high of $2,632, 13.9% yearly

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2. Aggressive interest rate hikes:

The Fed's 11 rate hikes since March 2022 pushed mortgage rates to two-decade highs of 7.25%

3. Decline in homebuyer demand:

Redfin's Homebuyer Demand Index 9% yearly, indicating decreased interest in home purchases

4. Low home inventory:

Active listings of homes for sale 17% MoM in September, contributing to elevated prices

 

Watch the full video to learn about the other insights and share this video with your clients and your community!

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Anna Perry 

Communications Manager

Roomvu featured on inman, FORBES, DailyMail, TechCrunch

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