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November 2024 Houston Real Estate: Rising Rates Amid Booming Listings
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detailed Houston real estate market update for November 3, 2024:
• Mortgage Rates: Climbed to 7.02% from 6.44% last week, marking a significant increase.
• Market Dynamics:
• New Listings: Have surged by 21.4% compared to the same time last year.
• Active Listings: Are 22.5% higher than last year.
• Average List Price: Has escalated to $439,275, up by 5.3%.
• Average Monthly Mortgage Payment: Now stands at $2,593.
As listings increase and rates rise, the market dynamics are shifting. This video dives into what these changes mean for you, whether you’re buying, selling, or just keeping an eye on the market. Subscribe for weekly insights, and if you have any specific questions or need guidance, drop a comment below or contact me directly. Let’s explore your real estate opportunities together!
#RealEstateInvesting
#HoustonHomes
#MarketUpdate
• Mortgage Rates: Climbed to 7.02% from 6.44% last week, marking a significant increase.
• Market Dynamics:
• New Listings: Have surged by 21.4% compared to the same time last year.
• Active Listings: Are 22.5% higher than last year.
• Average List Price: Has escalated to $439,275, up by 5.3%.
• Average Monthly Mortgage Payment: Now stands at $2,593.
As listings increase and rates rise, the market dynamics are shifting. This video dives into what these changes mean for you, whether you’re buying, selling, or just keeping an eye on the market. Subscribe for weekly insights, and if you have any specific questions or need guidance, drop a comment below or contact me directly. Let’s explore your real estate opportunities together!
#RealEstateInvesting
#HoustonHomes
#MarketUpdate
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