REAL ESTATE UPDATES


		NewPanda REAL ESTATE UPDATE

REAL ESTATE UPDATES

Here's the latest news and headlines on property investments, housing, mortgages, refinancing, and real estate markets.

April 2024 brought 4.14 million in sales, a median sales price of $407,600, and 3.5 months of inventory. The median sales price is up 5.7% year-over-year, and inventory was up 0.5 months from April 2023.


	KEY HIGHLIGHTS:

	•	Properties typically stayed on the market for 26 days

	•	Median home-sale prices increased 4%

	•	First time buyers represent 33% of buyers

		Young Millennials and Gen Zers dominate the mortgage market
		The lion's share of mortgages went to people under the age of 45 for a variety of reasons.

		Three signs the housing market is getting better
		The housing market appears to be on the verge of a positive shift, offering a renewed opportunity for buyers after a prolonged period of challenging conditions.

		Housing market makes an interesting turn
		Builders are focusing on smaller, more affordable homes to attract first-time buyers.

“Home prices reaching a record high for the month of April is very good news for homeowners ... However, the pace of price increases should taper off since more housing inventory is becoming available.”

- Lawrence Yun, NAR Chief Economist

Questions on sales - nationwide or right here in our neighborhood?

I'm always here to help with questions on buying, selling or anything home.

NewPanda | 800-298-5055 | [email protected]


		DID YOU KNOW?


	Iowa’s Field of Dreams is real

800 Linda Flora Drive

TRENDING

GENERAL NEWS & VIEWS

WHY YOU SHOULD NEVER SQUASH ANTS IN YOUR HOME (AND WHAT TO DO INSTEAD)

Think squashing ants keeps your kitchen safe? Think again. Discover why it actually invites more ants, and what to do instead.

7 SURPRISING AND BENEFICIAL WAYS MINIMALISM RESETS YOUR BRAIN

Did you know there are seven key ways that minimalism in the home resets your brain?

HOW TO FIND THE BEST SMALL BUSINESS IDEA FOR YOU

No matter which direction you go, your business should align with your strengths, your lifestyle, and your dreams.

INTERESTING READS

6 SIGNS YOUR LAWN MOWER BLADE NEEDS SHARPENING

Patchy grass? Dull color? Your mower blade might be to blame. Here are 6 clues it's time to sharpen it.

WHAT MAKES A HOTEL EARN THOSE COVETED 5 STARS?

It’s more than just marble floors and fancy pillows.

HOW PEOPLE ACTUALLY RETIRE EARLY AND WHAT YOU CAN LEARN FROM THEM

Early retirement doesn’t have to be a fantasy. With the right mindset, smart habits and a commitment to learning, it can be an achievable goal.

NewPanda

800-298-5055

[email protected]