June 9th, Monday Market Update and Mindset Call with Nikki, Cari and Angie
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June 9th, Monday Market Update and Mindset Call with Nikki, Cari and Angie
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The Monday Market Update returns with key insights on changing real estate markets across the United States, highlighting significant regional differences and explaining why waiting for interest rates to drop might cost buyers more in the long run.
• Jobs report exceeded expectations with 160,000 new jobs versus the anticipated 92,000
• Bond market reaction pushed interest rates higher, breaking through resistance levels
• Interest rates likely heading toward or exceeding 7% this week as CPI reports and China trade talks add uncertainty
• Florida homes now average 65 days on market (up 12 days from April) with 38.8% receiving price reductions
• Arizona shows similar cooling with 57 days on market (up 9 days) and 34% of homes getting price cuts
• Minnesota market remains relatively stronger with 27 days on market and 26.6% price reduction rate
• Case study shows buyer who waited a year now faces both higher interest rates and $10,000 higher home prices
• Waiting for "perfect" conditions often results in higher overall costs due to combined effects of rising rates and appreciation
**My Goal is to help as many Real Estate Agents as possible in the Month of June!! Reach out to me today and get on my calendar for a big boost in your business!!
Reach out for a strategy session to get from where you are to where you want to be for the second half of the year. Let's jump on a call to make sure you're set up for ultimate success.
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With Gratitude -
Angie Gerber
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