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re: When is it time to change realtors?
Posted on 5/5/24 at 5:33 pm to SOLA
Posted on 5/5/24 at 5:33 pm to SOLA
quote:
I know the housing market is shite. We were renting out our old house in Houma, but have been trying to sell it for the last 5 months.
Its probably not her fault. The market in Louisiana is slowing down
quote:
Compared to a year earlier, nearly all 50 states plus the District of Columbia reported price increases, with the exception of Mississippi, where prices dropped by 1.02 percent between March 2023 and March 2024.
"We're seeing home prices soften in the West and South. Both regions have seen a substantial increase in home prices since the pandemic began, driving a wedge between the current price of homes and what economic fundamentals have typically supported," Matthew Walsh, Moody's Analytics housing economist, told Newsweek.
"As mortgage rates rise nationally and affordability plummets, these overvalued states experience greater downward pressure on prices. Additionally, some Southern states are contending with a sharp rise in insurance costs, which is beginning to weigh on homeowners. As a result, active inventories in places like the Gulf Coast of Florida and Louisiana are rising.
House Prices Fall in Nearly Half of US States
Average days on the market is going to continue to go up in a lot of areas
Posted on 5/5/24 at 6:21 pm to stout
My house has been on the market in BR since September.
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