Real Estate Market Today: May 2024 ROK Realty Report
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Robert O'Keefe - ROK Realty Group
📱 (201) 374-7334 (Text/Call)
🏠📈 Stay ahead in real estate trends! Check out our May 2024 edition of The ROK Realty Report for key updates and insights.
📈 Mortgage rates have hit a peak at 7.1% since late 2023. Learn what this means for buyers and sellers.
🏠 Discover why adjustable rate mortgage (ARM) applications are surging to 7.6% and why they're popular among homebuyers.
📊 Find out why existing home sales dropped by 4.3% while home prices rose by 4.8% compared to last year.
📈 Explore the expanding housing inventory, up by 14% year over year, offering more options for buyers.
💼 Get the scoop on Zillow's exit from ibuying, their property sell-off, and the impact on institutional investors.
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