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As outlined in this story, real estate agents are expecting the housing market to heat up during the springtime, and there are some important tips to keep in mind if you’re looking to buy or sell.
Interest rates have dropped some since November and real estate agents expect housing prices to increase in the spring.
Does the Early Bird Secure the Home? Discover the Nine Cities Where the Spring Housing Rush Begins Sooner Than Expected
The housing market typically follows a seasonal pattern, with activity increasing as temperatures rise (and a slow period in the winter), attracting homebuyers as spring begins.
However, regional and local factors play a significant role, leading to variations in real estate trends across different parts of the country. Despite the wide-ranging anticipation for a seasonal awakening in the housing market, certain regions are already experiencing an early bloom as we enter the spring season, presenting prime opportunities for both buyers and sellers aiming to avoid the summer rush and capitalize on less competition.
In January, existing-home sales showed growth, as reported by the National Association of REALTORS® were accelerated in the Midwest, South, and West regions, while remaining steady in the Northeast. Additionally, the median existing-home sales price rose by 5.1% compared to January 2023, reaching $379,100, marking the seventh consecutive month of year-over-year price increases.
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Terreon and Larry have completed multiple real estate projects together, and their goal is to amass a real estate portfolio featuring multiple rental properties to build generational wealth they can pass on to their children. This project went very well for them and is now a profitable rental property.
