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May Real Estate News Wrap-up

Weekly Newsletter #56

 
Quote of the day: "Your brand is what other people say about you when you're not in the room." - Jeff Bezos


What We’re Up To


Welcome to the 56th issue of the TGFLIP Marketing Agency Newsletter!

 

Our goal with this newsletter is to provide you with the latest news, insights, and best practices in marketing, with a focus on real estate and small business marketing.


May Real Estate News Wrap-up


Hello everyone,


Welcome to our May Real Estate News Wrap-Up! This month has been packed with intriguing developments that are reshaping the real estate landscape. Let's dive into the top five stories you need to know.


1. New Builds Surge to Near-Record Highs

  • What’s Happening? One-third of U.S. houses for sale in the first quarter were newly built, nearly double the pre-pandemic rate.

  • Why It Matters: Builders have ramped up production in response to high demand and low existing home inventory, providing more options for buyers.

  • Source: here


2. Home Prices Skyrocket in 90% of Metro Areas

  • What’s Happening? Home prices increased in 93% of metro areas, with some regions seeing double-digit growth.

  • Why It Matters: Despite high mortgage rates, home prices continue to rise due to a persistent lack of supply, driving competition among buyers.

  • Source: here


3. Rising Prices Amid High Costs

  • What’s Happening? Home prices grew by 0.5% in April, marking the sixth consecutive month of increases.

  • Why It Matters: Even with elevated mortgage rates, the limited number of homes for sale keeps prices climbing, challenging affordability for many buyers.

  • Source: here


4. Rents: Up for Single-Family, Down for Multifamily

  • What’s Happening? Single-family rents are up 3.4% year-over-year, while multifamily rents dropped by 0.8%.

  • Why It Matters: The surge in single-family rental demand highlights a shift as potential homebuyers opt to rent due to high purchase costs and mortgage rates.

  • Source: here


5. Housing Market Outlook: What’s Next?

  • What’s Happening? The spring buying season has been slow, but experts predict home sales will increase this year, albeit at a slower price growth rate.

  • Why It Matters: Potential changes in inventory and mortgage rates could shape the market's recovery, offering more balanced opportunities for buyers and sellers.

  • Source: here


Ready to Elevate Your Marketing?


At TGFLIP Marketing Agency, we specialize in helping businesses like yours stand out in the competitive real estate market. Whether you need a detailed buyer list to market your property or innovative digital marketing strategies like video marketing, we've got you covered.


Let’s make your property the next big thing!


Contact us today! 


Stay tuned for more updates, and as always, feel free to reach out with any questions or marketing needs.


Warm regards,

TGFLIP Marketing Team




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