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and almost goodbye, July. We are a little late on our monthly newsletter. But, alas ... July is a sizzling hot month for real estate, buzzing with excitement and patriotic flair! With fireworks still sparkling in the sky from Independence Day celebrations, the property market is just as electrifying. Families are out in full force, eager to find their dream homes before the new school year, while sellers are sprucing up their listings to attract enthusiastic buyers. It's a time of open houses and neighborhood barbecues, where the American dream of homeownership feels more vibrant than ever.
Whether you're hunting for that perfect city loft or a cozy suburban nest, July offers a star-spangled mix of opportunities and fun in the real estate world.
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1/3 of Single-Family Homes For Sale are Newly Built. Here's what Buyers Need to Know:
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“It doesn’t mean necessarily that new construction has ramped up,” said Robert Dietz, chief economist of the National Association of Home Builders. Homebuilders are still constructing about 1 million single-family homes a year, he said.
“What’s happened is that the level of resale inventory has shrunk,” Dietz said.
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Market Overview by Willie Lane
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June market stats are showing similar trend to May.. mostly flat home prices, pending and closed sales down, Active Inventory DOUBLE this time last year and Average Days on Market continuing to rise. Hello balanced market. Dare we say a Buyers market? As always, there are opportunities for both buyers and sellers.
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The 30-year fixed-rate mortgage fell to its lowest level since mid-March, dropping 12 basis points from last week. Mortgage rates are headed in the right direction and the economy remains resilient, two positive incremental signs for the housing market. However, homebuyers have yet to respond to lower rates, as purchase application demand is still roughly 5 percent below Spring, when rates were approximately the same. This is not uncommon: sometimes as rates decline, demand weakens, and the apparent paradox is driven by buyers making sure rates don’t decline further before they decide to purchase.
-Freddie Mac
For more info click HERE
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Museum Of Science & History
1025 Museum Cir.
Jacksonville, Florida 32207
(904) 396-6674
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The Greenhouse Bar
200 Riverside Ave Suite 2
Jacksonville , FL 32202
(904) 379-7514
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Lifestyle Tips and Tricks
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The Hottest Summer Ever Is Coming: What Extreme Heat Can Do to Your Home - And How to Prevent the Damage
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The Realtor.com® 2024 climate risk study found that nearly a third of all homes in the U.S. are located in areas that are prone to extreme heat exposure.
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Common Seller and Buyer Mistakes
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Buying and selling real estate is littered with costly obstacles, but you can steer clear of many of them.
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Houzz Emerging Summer Design Trends Reports Reveals What's Hot
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Houzz has released its Emerging Summer Design Trends Report, which includes organic modern style, reading rooms, Japanese influence, and more!
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America's Top 10 Buyer's Markets
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Where you can still land a bargain below the asking price
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Featured Listings & Sales
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115 34th Avenue South - FOR SALE!!!
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5 BD 4 BA 3,472 SF $2,550,000
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427 15th Ave N - FOR SALE!!!
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3 BD 2 BA 1400 SF $735,000
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3 BD 2 BA 1,091 SF $585,000
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587 Selva Lakes Circle
SOLD!
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3 BD 3 BA 1,828 SF $615,000
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2 BD 1 BA 984 SF $237,000
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4 BD 3 BA 1,829 SF $359,000
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329 15th Street North
SOLD!
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3 BD 2 BA 1,948 SF $749,000
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4 BD 3 BA 2,364 SF $780,000
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329 15th Street North
SOLD!
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3 BD 2 BA 1,948 SF $749,000
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525 3rd Street North, Unit 309 - SOLD!
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3 BD 2 BA 1596 SF $644,000
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14498 Falling Waters Drive - UNDER CONTRCAT
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4 BD 2 BA 2172 SF $440,000
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The Lanes went on our annual Maine trip. Lane Maine trip!
The kids absolutely love it. I think mostly because they get mom and dad to themselves without camps, nannies, sitters, etc for a full week. And a reason why we love it it, too.
So much fun bug hunting, walking/hiking, lobster eating, counting boats and buoys in the harbor, skipping rocks, board games and lounging around.
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Thanks for reading and subscribing! Ready to achieve your next real estate goal?
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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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marketingcenter--
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