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July 2024 Real Estate Market Update
Hey there, it’s Hunter! Today, we'll dive into how today’s housing inventory compares to 2008, spotlight a unique rental opportunity in Portsmouth, NH, and explore why nailing your home's asking price is essential before listing.
Market Update
The Deep Dive! Exploring the forecast (both mine, and the industry’s) for the housing market in the second half of 2024.
Not a Crash: 3 Graphs That Show How Today’s Inventory Differs from 2008
Even if you didn't own a home at the time, you probably remember the housing crisis in 2008. That crash impacted the lives of countless people, and many now live with the worry that something like that could happen again. But rest easy, because things are different than they were back then. As Business Insider says:
“Though many Americans believe the housing market is at risk of crashing, the economists who study housing market conditions overwhelmingly do not expect a crash in 2024 or beyond.”
Featured Rental - Historic Carriage House in Portsmouth, NH
683 State Street, Carriage A, Portsmouth, NH 03801
1 bed / 1 bath
$2,500/Month
Experience historic living in one of the last remaining carriage houses in Portsmouth, NH. This architecturally designed and restored unit offers a unique living experience just a short walk from downtown. Featuring an open floorplan, this carriage house boasts spacious and airy interiors perfect for modern living. Enjoy a cozy porch off the bedroom and a large porch spanning the length of the living room, providing ample space for relaxation and entertaining. Abundant natural light fills the space throughout the day, creating a warm and inviting atmosphere. On-street parking, and pets are considered on a case-by-case basis. Don’t miss the opportunity to live in this historic and restored carriage house, just steps to downtown Portsmouth.
Contact me at 603-268-9559 to schedule a viewing today!
Why Getting Your Asking Price Right Matters Now More Than Ever
Thinking about selling your house? Here's a crucial insight you need to hear: Even in today's competitive seller's market, you can't just set any price for your listing.
Despite home prices continuing to rise in most areas, the pace is slowing due to higher mortgage rates squeezing buyer demand. Meanwhile, an increasing supply of homes for sale is giving buyers more options. As a result, your house might not stand out if it's not priced correctly.
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This newsletter was authored by Hunter Letendre with the assistance of ChatGPT, an AI language model developed by OpenAI. The AI provided research and drafting support based on provided sources.
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