Beyond the Rate Obsession - The Market is Changing!

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Brad and Pete Heim are back with all the NEW Stats for the Local, State and National home market.  The real estate market shows clear signs of change with inventory increasing locally and even more so nationally, though still far below the amount of homes available during the 2008 crash. Regional differences across the US housing market reveal the Northeast maintaining a seller's market while the South experiences excess inventory and falling prices.

• Current housing inventory in Berks County at 524 listings compared to 4,400 in 2008
• Average days on market down to 16 in July from 33 in March
• Regional differences show Northeast at 44% below pre-pandemic inventory while Florida is 30% above
• Interest rate differences have minimal impact on monthly payments - only $132 difference between 7% and 6.5% on a $400k loan
• One in three Northeast properties still receiving multiple offers
• New construction remains limited in Berks County compared to surrounding areas in Pennsylvania
• Home sales projected to increase from 4 million in 2024 to 4.5 million by 2026

Join us for our special 250th episode on September 18th at 7pm! 

#tbws250 #bradweisman #peteheim #homemarket #interestrates #thebradweismanshow 

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Welcome to The Brad Weisman Show, where we dive into the world of real estate, real life, and everything in between with your host, Brad Weisman! 🎙️ Join us for candid conversations, laughter, and a fresh take on the real world. Get ready to explore the ups and downs of life with a side of humor. From property to personality, we've got it all covered. Tune in, laugh along, and let's get real! 🏡🌟 #TheBradWeismanShow #RealEstateRealLife

Credits - The music for my podcast was written and performed by Jeff Miller.