Episode 7 Realsophy Real Estate Podcast: Current State of the Real Estate Market as of July 2024

Welcome to Episode 7 of the Realsophy Real Estate Podcast! 🎙️ In this episode, we're diving deep into the Current State of the Real Estate Market as of July 2024 to empower you with the latest insights.

🔍 Topics Covered:

1. NJAR Real Estate Trends: We analyze the current New Jersey Association of Realtors (NJAR) statistics, focusing on how rising interest rates have reduced affordability and caused a surge in home prices due to the lack of inventory.

2. Real Estate News: We discuss the federal government’s $25,000 giveaway to first-time homebuyers and its potential to drive prices even higher. Plus, we explore why the promise of 3 million new construction builds is unrealistic and won’t solve the housing supply crisis.

3. NAR Settlement Update: Get the latest on the National Association of Realtors (NAR) settlement agreement and what it means for you potentially having to pay more in commission costs.

4. Realsophy Updates: Stay in the loop with the latest Realsophy events and closing news.

Tune in to stay informed and make smarter real estate decisions in today’s challenging market. Don’t forget to like, subscribe, and share your thoughts in the comments!

Contact us at info@realsophyrealestate.com for information and support on how we can help.

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