REALTORS share updated home price data, homeowners wealth gain trends over the last decade, and a real estate forecast for the rest of 2023

–News Direct–

A video accompanying this announcement is available at: https://youtu.be/iLFi4scvBfQ

Nationwide media tour conducted Live from Chicago at the REALTORS Leadership Summit

Given the ever-changing housing market, many Americans are questioning whether its a good time to buy or sell a home.

Despite fluctuating mortgage rates and limited housing inventory, there are many reasons to consider making a move in the current market.

In fact, according to the National Association of REALTORS:

The national median home price in June was slightly less than the record high of nearly $414,000 in June of last year. Although existing-home sales saw a 3.3% decrease, home prices have held firm in most parts of the country.

While mortgage rates are significantly higher than last year, they are still considered historically low and have remained relatively steady.

Sales in the second half of the year should be notably better than the first half as job gains continue and more favorable mortgage rates are expected.

Existing-home sales are expected to increase by 15.4% in 2024.

Moreover, homeownership continues to be a catalyst for Americans to build generational wealth.

Over the past decade, the median-priced home in the U.S. gained nearly $200,000 in value, making the typical homeowner 40 times wealthier than if they had not purchased a home or remained a renter.

An agent who is a REALTOR can help you achieve the dream of homeownership and create long-term wealth and financial stability for your family.

A nationwide media tour was conducted on August 15th, live from the 2023 REALTORS Leadership Summit, featuring senior leaders from the National Association of REALTORS. Topics that were discussed during live TV and Radio interviews included:

Highlights from the National Association of REALTORS 2023 Second Quarter Metro Home Prices Report.

Trends REALTORS are seeing in national and regional markets this summer and expectations for the remainder of 2023.

How REALTORS are helping their clients navigate todays housing market and build generational wealth through homeownership.

Resources any homeowner or potential buyer can use to make more informed, efficient decisions.

To learn more about REALTORS and to find a real estate agent visit realtor.com

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View source version on newsdirect.com: https://newsdirect.com/news/realtors-r-share-updated-home-price-data-homeowners-wealth-gain-trends-over-the-last-decade-and-a-real-estate-forecast-for-the-rest-of-2023-909112524

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