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Real Estate Tips

October 2024: Falling Home Prices, Rising Inventory

In October 2024, the U.S. housing market shows a significant shift, with home prices falling 0.7% and the number of available homes rising 31.9%. This trend provides more options for buyers, but increases competition among sellers. Understanding these dynamics is critical for sellers looking to attract buyers in this evolving market.

06OCT

Housing Inventory Rises as Lock-in Effect Weakens

The housing market is beginning to shift as the mortgage lock-in effect weakens. Many homeowners who put off selling their homes in hopes of lower mortgage rates are now listing their properties. This shift has resulted in a significant 35% increase in housing inventory compared to last year, creating new opportunities for buyers in an evolving market.

29SEP

How the 2024 Election Could Change the Housing Market

The 2024 presidential election could have a major impact on the U.S. housing market. Housing affordability is at the forefront of political debates, with proposed changes such as subsidizing down payments for first-time buyers and reducing regulatory barriers for builders. These policy changes could have a significant impact on home buying and selling decisions, making it critical to stay informed on how the election will shape housing policy.

San Jose, Santa Clara County

San Jose is a city in Santa Clara County, California. The city is located at 37°20’18”N and 121°53’11”W. According to the United States Census Bureau, the city’s population was 1,015,785. According to the last census, the median income for a household in the city was 91,451. Please visit the city page on my website and you’ll be able to see all real estate data and detailed San Jose statistics.

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San Jose, Santa Clara County@Mountain View, Santa Clara County@Palo Alto, Santa Clara County@Santa Clara, Santa Clara County
/buildings_san_jose_idChIJ9T_5iuTKj4ARe3GfygqMnbk@/buildings_mountain_view_idChIJiQHsW0m3j4ARm69rRkrUF3w@/buildings_palo_alto_idChIJORy6nXuwj4ARz3b1NVL1Hw4@/buildings_santa_clara_idChIJk8EIXIG3j4ARwL_Ao3ykdeQ
San Jose is a city in Santa Clara County, California. The city is located at 37°20'18''N and 121°53'11''W. According to the United States Census Bureau, the city's population was 1,015,785. According to the last census, the median income for a household in the city was 91,451. Please visit the city page on my website and you'll be able to see all real estate data and detailed San Jose statistics. @Mountain View is a city in Santa Clara County, California. The city is located at 37°23'10''N and 122°5'2''W. According to the United States Census Bureau, the city's population was 79,378. According to the last census, the median income for a household in the city was 120,102. Please visit the city page on my website and you'll be able to see all real estate data and detailed Mountain View statistics. @Palo Alto is a city in Santa Clara County, California. The city is located at 37°26'31''N and 122°8'35''W. According to the United States Census Bureau, the city's population was 66,955. According to the last census, the median income for a household in the city was 147,737. Please visit the city page on my website and you'll be able to see all real estate data and detailed Palo Alto statistics. @Santa Clara is a city in Santa Clara County, California. The city is located at 37°21'15''N and 121°57'19''W. According to the United States Census Bureau, the city's population was 122,192. According to the last census, the median income for a household in the city was 108,886. Please visit the city page on my website and you'll be able to see all real estate data and detailed Santa Clara statistics.

I know everything about Real Estate. Contact Me!

Peter Carey

Peter Carey Realty

579 Giant Way San Jose, CA 95127

Email: petercarey@aol.com

Phone: (408) 504-3345, 408 272 3345

I take the time to listen carefully to understand my client’s needs, wants and concerns. I will be ready to take quick action when required and spend more time with those who aren’t quite sure which direction to take. My genuine concern for my client’s best interests and happiness ensures the job is done!

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