December is closing out with good news about the market loosening up and inventory is growing as new listings creep back up, according to Zillow’s senior economist Nicole Bachaud. Builders can also look forward to a better market, says the NAR’s deputy chief and vice president of research Jessica Lautz.
Where are home prices headed in 2024? Not far, according to Bachaud at Zillow. “We’re expecting home price appreciation to stay flat for the next year nationally, so prices aren’t really going to move much from where they’re at now,” she predicts.
Over the past few months, Redfin has been taking a look at their user data, analyzing views of homes for sale in metro areas. From August to October, here were the top 5 areas people were flocking to (and where they were leaving!).
Make sure to do these three things before December ends, so you can get the benefits on this year’s taxes.
Submit Your Loan Application to Close Your Loan in 2023
Plan Investment Property Improvements: Think about what your investment property needs in the coming months. Then plan out what you’ll need for building materials, and buy them now to reduce your 2023 taxable income.
Prepay: Depending on your tax situation, you may want to prepay 2024 insurance or property taxes.
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Terreon had a tight rehab budget to get this duplex updated, and ready for new tenants. The configuration of the house was a 3 bed/2 bath unit downstairs, and a 2 bed/1 bath unit upstairs.
Terreon cleaned up the electric and plumbing, put in all new flooring and paint throughout, and invested his time and talents in putting in new kitchens and baths on both floors.
He added air conditioning as the final key upgrade.
He quickly rented out both floors to great tenants who are very happy in their new home.
