- Las Vegas looks to be doing well despite higher interest rates
- In Downriver, an unofficial name of 19 cities and townships south of Detroit in Michigan, real estate agents are cautiously optimistic about a rebound in housing in ’24
- If you’re looking for a bargain, you won’t find it in these 10 bidding war cities
- Clever Real Estate Acquires Gravy Technologies, expanding their tech footprint
- Buffalo, NY is expected to be the hottest real estate market in 2024
- What’s selling in Newport? Check out 13 Recent Real Estate Transactions
Welcome to today’s real estate industry roundup featuring some key stories in the industry. Sit back, relax, and check out the summaries In Las Vegas, despite higher interest rates, the real estate market continues to offer opportunities for buyers and sellers. Discover the insights shared by Merri Perry, president of Las Vegas Realtors, as she discusses the effects of interest rates and the shrinking housing supply. Moving on, we have an update on the Downriver area, where real estate professionals are cautiously optimistic about the housing market rebound in 2024. The market remains competitive, but experts believe that mortgage interest rates may drop, attracting more buyers. Next, we explore the top 10 cities where bidding wars are prevalent, according to a report from Redfin. If you’re looking for a bargain, it’s best to steer clear of these highly competitive markets. Additionally, Clever Real Estate has expanded its tech footprint through the acquisition of Gravy Technologies, a loyalty rewards platform for first-time home buyers. This move allows Clever to better serve renters, homeowners, sellers, and repeat buyers. Furthermore, we turn our attention to Buffalo, which is expected to be the hottest market for housing in 2024. Despite flat prices, the region’s steady home values and supply-demand imbalance make it an attractive market. Lastly, we take a look at recent real estate transactions in Newport County, showcasing the diverse range of buyers investing in the local market. For more information on these stories click on each link below the story.
Despite higher interest rates, Las Vegas Real Estate Market Still Bubbling with Opportunity – VEGAS, INC
Discover the current state of the Las Vegas real estate market as Merri Perry, president of Las Vegas Realtors, shares insights into the effects of higher interest rates and the critical issue of a shrinking housing supply. Despite these challenges, the market remains stable and Las Vegas homebuilders continue building. All-in-all Las Vegas expects similar conditions in 2024. With recent interest rate drops, there is optimism for increased home sales. However, inventory continues to be a major issue, and Perry emphasizes the importance of working with a Realtor to navigate negotiations and take advantage of opportunities. Learn more about the Las Vegas real estate market and its unique advantages in this insightful interview.
Downriver Real Estate Professionals Cautiously Optimistic for 2024 Housing Rebound – The News-Herald
Real estate professionals in the Downriver area (a collection of 19 cities and townships in Wayne County, Michigan) are cautiously optimistic about the housing market rebound in 2024. Despite strong demand and tight inventory in 2023, experts believe that these factors will continue to shape the market in the upcoming year. The expectation is that mortgage interest rates will drop, attracting more buyers into the market. However, the market will still be challenging for first-time homebuyers. Experts advise potential sellers to connect with experienced Realtors and prepare their homes for sale, while potential buyers are encouraged to start the pre-approval process and take advantage of the current market conditions. Overall, the Downriver communities are expected to remain active for home sales in 2024. To learn more about the local real estate market and the predictions for the upcoming year, click here .
Real Estate ’24: 10 Cities Where You’ll Probably Lose a Bidding War for a Home, GOBankingRates
Although housing demand has slightly decreased in recent months, the real estate market remains highly competitive. According to a report from Redfin, 28.8% of homes in the U.S. sold above their list price in November 2023, indicating the presence of bidding wars that drive up prices. If you’re looking for a bargain, Stockton, Sacramento and three other California cities might not have them and five cities throughout the U.S. may not either. If a bargain is what you’re looking for, it’s best to avoid these 10 competitive markets where bidding wars are prevalent. To find out more about these cities and the challenges they pose for homebuyers, click here .
Clever Real Estate Expands Tech Footprint, Acquires Gravy Technologies
Clever Real Estate, a fast-growing real estate education and technology company, has acquired Gravy Technologies, the first loyalty rewards platform for first-time home buyers. The acquisition brings Gravy’s team and their expertise into Clever, allowing them to expand their mission and serve not only renters but also homeowners, sellers, and repeat buyers. Gravy’s gamified app has already helped over 30,000 people prepare for homeownership and earn $20 million in rewards. In addition to its consumer app, Gravy offers a “loyalty-as-a-service” solution for real estate agents and mortgage lenders to launch their loyalty programs. This acquisition strengthens Clever’s position in the loyalty arms race within the real estate industry. To learn more about this acquisition and Clever’s plans for the future, click here .
The Hottest Housing Market this Year? Buffalo
Buffalo is expected to be the nation’s hottest market for housing in 2024, according to a forecast from real estate firm Zillow. Despite flat prices locally, Buffalo’s ranking is based on steady home values and an imbalance in supply and demand. The region’s economy has seen significant growth, with more new jobs being created compared to the number of new home construction projects. While nationwide housing markets face challenges due to low inventory and high mortgage rates, Buffalo stands out as an affordable market with an uptick in out-of-state buyers. To learn more about Buffalo’s thriving housing market, click here .
What Sold? A look at 13 Recent Real Estate Transactions in Newport County – What’s Up Newport?
Embarking on the new year, Newport County has seen a baker’s dozen of real estate transactions. From historic Colonials to downtown gems, these sales highlight the diverse range of buyers investing in the local real estate market. For more information on these listings or a complimentary property valuation, contact Tyler Bernadyn, co-owner of RE/MAX Results, at 401-241-1851 or [email protected] . To see the homes that recently sold in Newport County, click here . Stay tuned for more updates on the dynamic Newport County real estate market.