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Robert O'Keefe - ROK Realty
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๐ Subscribe โก๏ธโก๏ธโก๏ธ https://bit.ly/4b8PJJIRobert O'Keefe - ROK Realty Group ๐ฑ (201) 374-7334 (Text/Call) ๐ง robert@rokrealtygroup.com๐ https://ROKRealtyGroup.com๐ Must-Know Market Updates! ๐Hope everyone is having an amazing summer! We're excited to drop the latest episode of the ROK Realty Report for July 2024. If you havenโt tuned in yet, you're in for a treat! This month, we dive into the current real estate market and answer the million-dollar question: Is now a good time to buy?๐ 5 Key Things you'll learn from this episode:๐ก Mortgage Rates Update: Discover how mortgage rates have fluctuated recently and what that means for you.๐ Home Sales Trends: We'll break down the latest figures on home sales and inventory levels.๐ต Price Movements: Curious about home prices? Learn about the steady ascent and what future expectations look like.๐ฎ Expert Predictions: Hear from Fannie Mae, MBA, and NAR about where interest rates might be headed.๐ Personalized Insights: Find out how your specific situation might influence whether now is the right time for you to make a move in the real estate market.Fun fact from the episode: Did you know real estate appreciates on average 4.5% every year? ๐ ๐ A forecast from the Home Price Expectation Survey even shows this trend going strong for the next five years!๐ Whether you're a seasoned investor, a first-time buyer, or just someone interested in the market, there's something valuable in this episode for you._________________Disclaimer: all the content on our sites and pages is for entertainment purposes only and does not constitute any advice or recommended courses of action.
๐ Subscribe โก๏ธโก๏ธโก๏ธ https://bit.ly/4b8PJJIRobert O'Keefe - ROK Realty Group ๐ฑ (201) 374-7334 (Text/Call) ๐ง robert@rokrealtygroup.com๐ https://ROKRealtyGroup.com๐ Must-Know Market Updates! ๐We hope everyone is kicking off the summer with lots of sunshine and good vibes! Our latest video, the ROK Realty Report for June 2024, is now live, and itโs packed with essential market insights you wonโt want to miss.5 Keys You'll Learn in This Episode:๐ Mortgage Rates Trajectory: Discover how mortgage rates finally settled into the high 6's after a climb into the 7% range and what that means for buyers and sellers.๐ก Trends in Existing Home Sales: Learn why there was a slight 1.9% decline in existing home sales both month-over-month and year-over-year.๐ต Price Peaks and Inventory Increases: Get the scoop on how, despite a dip in sales, the median sales prices are hitting new highs while inventory levels are on the rise.๐๏ธ High-End Market Surge: Understand the significant growth in the high-end market with a 34% increase in inventory for homes priced at $1,000,000 or more.๐ถ The Millennial Impact: Uncover why a large influx of millennial buyers, particularly those turning 35, is driving strong demand and keeping prices elevated.Fun Fact:Did you know that last year, 51% of millennials owned homes? With 12,000 millennials turning 35 every single day in the U.S., they are now at peak "household formation" age, which means even more potential homebuyers hitting the market soon!Outro and Call to Action:We truly appreciate your time and interest in staying informed about the real estate market with ROK Realty. Remember, the data we share is broad, and your market specifics might differ. So, don't hesitate to reach out for personalized insights. If you found this report useful, please forward it to friends or loved ones who might benefit from it.Got any questions? Just give us a call. Weโre always here to help. ๐Have an amazing day and enjoy the video!Best regards,Robert O'Keefe and the ROK Realty Team
๐ Subscribe โก๏ธโก๏ธโก๏ธ https://bit.ly/4b8PJJIRobert O'Keefe - ROK Realty Group ๐ฑ (201) 374-7334 (Text/Call) ๐ง robert@rokrealtygroup.com๐ https://ROKRealtyGroup.com๐ ๐ Stay ahead in real estate trends! Check out our May 2024 edition of The ROK Realty Report for key updates and insights.๐ Mortgage rates have hit a peak at 7.1% since late 2023. Learn what this means for buyers and sellers.๐ Discover why adjustable rate mortgage (ARM) applications are surging to 7.6% and why they're popular among homebuyers.๐ Find out why existing home sales dropped by 4.3% while home prices rose by 4.8% compared to last year.๐ Explore the expanding housing inventory, up by 14% year over year, offering more options for buyers.๐ผ Get the scoop on Zillow's exit from ibuying, their property sell-off, and the impact on institutional investors._________________Disclaimer: all the content on our sites and pages is for entertainment purposes only and does not constitute any advice or recommended courses of action.
Robert O'Keefe - ROK Realty Group ๐ฑ (201) 374-7334 (Text/Call) ๐ง robert@rokrealtygroup.com๐ Subscribe: https://www.youtube.com/@rokrealty ๐ธ Instagram; DM's Open: https://www.instagram.com/rok_realtyIn our latest YouTube video, we dive into the latest happenings and trends in the real estate market. ๐ 5 Key Takeaways 1. Mortgage rates have been hovering around the high 6% range, with a recent downtrend to 6.79%.2. Existing home sales surged with a 9.5% jump, thanks to additional housing supply meeting the rising demand.3. First-time homebuyers accounted for 26% of all purchases. 33% of transactions were made in cash.4. The NAR lawsuit and its impact on consumers.5. Inventory levels have steadily risen, giving both buyers more options and sellers increased competition in some markets.๐ก Fun Fact: New Jersey has been ahead of the curve in terms of disclosures and staying on top of regulations.๐ If you have any questions about the real estate market, specific areas, or you're looking to make a move in the near future, don't hesitate to get in touch with us. ๐ Great real estate planning in advance is crucial. We're always here to help you get ahead of the game.Make sure to watch the full video for more insights. Feel free to reach out if you have any questions!
Robert O'Keefe - ROK Realty๐ฑ (201) 374-7334 (Text/Call) ๐ง robert@rokrealtygroup.com๐ Subscribe: https://www.youtube.com/@rokrealty ๐ธ Instagram; DM's Open: https://www.instagram.com/rok_realty๐ Unlock the Secrets to the New Jersey Senior Freeze Program - Episode Released! ๐๐ Link to Program: https://www.nj.gov/treasury/taxation/ptr/We're thrilled to announce the release of our latest video, all about the New Jersey Senior Freeze Program. If you're a senior in New Jersey looking to prevent property tax increases, this is a must-watch for you! ๐ฅ๐ผIn this episode, we'll delve into the nitty-gritty of the New Jersey senior freeze, covering everything from eligibility requirements to the application process. Here are 5 key takeaways you'll discover:๐น The eligibility requirements for the New Jersey Senior Freeze Program, including age, residency, property ownership, and income limits.๐น Who is not eligible for the program, so you can understand whether you qualify or not.๐น The application process - whether to wait for the state to mail you an application or to take the proactive approach and apply online.๐น The filing deadline and when you can expect to receive your reimbursement check if you qualify.๐น The importance of being proactive and applying every year to benefit from the program.Fun Fact of the Episode: ๐Did you know that the New Jersey senior freeze program has been running since 1997? It's a long-standing program designed to provide financial relief to eligible seniors in the state. ๐ ๐ฐWe hope you enjoyed learning about the New Jersey senior freeze program as much as we enjoyed creating this video for you. Your support means the world to us! ๐If you have any questions about the program or anything else related to real estate, don't hesitate to reach out. We're here to help! ๐คDon't miss out on this valuable information. Check out the video now and start taking proactive steps to stop property tax increases. ๐ซ๐ฐKeep watching, keep learning, and have a fantastic day! ๐บ๐โ๏ธRobert O'Keefe - ROK Realty๐ฑ (201) 374-7334 (Text/Call) ๐ง robert@rokrealtygroup.com๐ Subscribe: https://www.youtube.com/@rokrealty ๐ธ Instagram; DM's Open: https://www.instagram.com/rok_realty
Robert O'Keefe - ROK Realty๐ฑ (201) 374-7334 (Text/Call) ๐ง robert@rokrealtygroup.com๐ Subscribe: https://www.youtube.com/@rokrealty ๐ธ Instagram; DM's Open: https://www.instagram.com/rok_realty๐ Welcome to ROK Realty's March 2024 Real Estate Market Update!๐ Join us as Robert O'Keefes dive deep into the current state of the housing market, bringing you fascinating insights you won't want to miss.๐ In this episode, we cover 5 key takeaways:1๏ธโฃ Mortgage Rate Trends: Gain a clear understanding of the recent fluctuations in mortgage rates and their implications for prospective buyers and sellers.2๏ธโฃ Sales Market Dynamics: Explore the factors driving the 3.1% increase in existing home sales and their significance in the current market conditions.3๏ธโฃ Price Trends and Forecasts: Delve into the changes in home prices from last year and last month, coupled with the revised home price forecasts for 2024.4๏ธโฃ Buyer and Seller Dynamics: Uncover the noteworthy statistics concerning first-time home buyers, cash sales, and the leverage position of sellers within the market.5๏ธโฃ Future Market Outlook: Gain valuable insights into the housing market's resilience and the prevailing factors contributing to its stability despite rising interest rates.๐ก Did you know? An astounding 38.7% of homeowners have no mortgage at all, reflecting a substantial portion of individuals in a favorable position within the real estate landscape.๐ We deeply appreciate your continued support and engagement with ROK Realty. Whether you're contemplating real estate transactions or seeking to stay informed about industry developments, we're here to provide guidance and assistance. Your inquiries and insights are always welcome, and we are committed to being your trusted ally in navigating the real estate market.
Robert O'Keefe - ROK Realty Group ๐ฑ (201) 374-7334 (Text/Call) ๐ง robert@rokrealtygroup.com๐ Subscribe: https://www.youtube.com/@rokrealty ๐ธ Instagram; DM's Open: https://www.instagram.com/rok_realty๐๐ ๐ Welcome to ROK Realty! In our latest video, Robert O'Keefe dives deep into HELOC (Home Equity Line of Credit) - don't miss out! Here's what you'll learn:๐ Discover the ins and outs of HELOCs, rates, calculator, & other benefits.๐ Learn how to manage and maximize your HELOC for financial success.๐ธ Explore the flexibility and freedom HELOCs offer.๐ Get insights into the application process and approval considerations.๐ก Essential tips for optimizing your HELOC and best practices.๐ฐ Did you know banks often charge a small fee to keep a HELOC open? Stay informed about potential costs!๐ฅ DM us for a sneak peek into the full episode and snag a copy of the handy spreadsheet Robert mentioned!๐ Your support means everything to us! Feel free to reach out with questions or to chat real estate anytime.
Robert O'Keefe - ROK Realty Group ๐ฑ (201) 374-7334 (Text/Call) ๐ง robert@rokrealtygroup.com๐ Subscribe: https://www.youtube.com/@rokrealty ๐ธ Instagram; DM's Open: https://www.instagram.com/rok_realty๐ Welcome to the February 2024 edition of the ROK Realty Report! This month, we're diving into some insightful market trends and predictions, so buckle up and let's dive in. ๐๐ Here are 5 key takeaways from this month's episode:๐ฐ Mortgage rates have slightly decreased to 6.69%, presenting potential opportunities for homebuyers and sellers.๐ We're seeing a decline in existing home sales, but the median home price has increased by 4.4% from last year, shedding light on the current market dynamics.๐ Get ready for the "Silver Tsunami" as 30,000,000 homes are predicted to hit the market in the next 15 years, influencing inventory levels and housing supply.๐ด Baby boomers are having a significant impact on the real estate market, with many choosing to stay in their homes longer, leading to a gradual increase in inventory.๐ The sustained demand for homes combined with limited supply continues to drive steady increases in housing prices across many markets.๐ก Fun Fact: Did you know that according to Harvard University, 78% of baby boomers own homes, which could potentially lead to a significant shift in the housing market in the near future?๐๏ธ If you're curious to learn more about these trends and how they might impact your real estate plans, be sure to check out the full episode.๐ค As always, we're here to support you through every step of your real estate journey. Whether you're thinking about selling your home or planning to relocate, it's never too early to start planning. Reach out to us anytime, and let's strategize and build a game plan together.๐ Catch you in the next episode, and happy house hunting! ๐๐ก
Robert O'Keefe - ROK Realty Group ๐ฑ (201) 374-7334 (Text/Call) ๐ง robert@rokrealtygroup.com๐ Subscribe: https://www.youtube.com/@rokrealty ๐ธ Instagram; DM's Open: https://www.instagram.com/rok_realty ๐ก Get the Inside Scoop on Mortgage Rates Predictions in 2024!๐ Are you wondering where mortgage rates are headed in 2024? Our latest video compiles a list of predictions from notable sources.๐ 5 Keys You'll Learn:1๏ธโฃ The varying mortgage rate projections from organizations like Fannie Mae, Realtor.com, and more.2๏ธโฃ The factors that can influence mortgage rates for individual buyers, such as debt to income ratio and credit score.3๏ธโฃ The average mortgage interest rate projection for 2024 and how it compares to the historical average.4๏ธโฃ A flashback to the rollercoaster ride of mortgage rates in 2023 โ from early lows to a peak in October.5๏ธโฃ The impact of the Federal Reserve's decision on mortgage rates in 2023 and how it could shape 2024.๐ Fun Fact:Did you know that the average mortgage interest rate since 1970 is 7.41%? It's always fascinating to look back at historical data and see how things have evolved over time!๐ฌ Thanks for Watching!We greatly appreciate your support. If you found this info helpful, please share the video with anyone who's navigating the real estate market.
Robert O'Keefe - ROK Realty Group ๐ฑ (201) 374-7334 (Text/Call) ๐ง robert@rokrealtygroup.com๐ Subscribe: https://www.youtube.com/@rokrealty ๐ธ Instagram; DM's Open: https://www.instagram.com/rok_realty ๐ก Hey there! Real estate enthusiasts! Happy New Year! ๐ We hope you had a fantastic start to 2024. In our latest video, we're diving into the predictions for the real estate market this year. Here's what you can expect:๐ Forecast & Predictions for 2024: Get the lowdown on what Zillow, Realtor.com, Fannie Mae, Redfin, NAR, and CoreLogic are predicting for home prices in 2024.๐ Importance of Localized Data: Understand why it's crucial to consider your local market when analyzing these predictions.๐ Anomaly Years: Dive into the anomaly of 2021 and 2022, which saw double-digit gains in home value, and discover how 2023 deviated from the predicted decrease.๐ Recap and Realism: We emphasize the need to view these predictions as just that โ predictions โ and to base your plans on your individual needs and goals.๐ Average Projections: Discover the overall average projection for home value increase in 2024 and how it compares to the yearly average.
Robert O'Keefe - ROK Realty Group ๐ฑ (201) 374-7334 (Text/Call) ๐ง robert@rokrealtygroup.com๐ Subscribe: https://www.youtube.com/@rokrealty ๐ธ Instagram; DM's Open: https://www.instagram.com/rok_realty_________๐ As we bid farewell to December 2023, join us in reflecting on an eventful year in the world of real estate in our latest ROK Realty video!๐ Key Takeaways:๐ Mortgage rates hit a significant low at 6.7%, sparking a surge in purchasing activity and marking a positive shift in the marketplace.๐ Despite a slight price decrease, year-over-year home values increased by 4%, emphasizing overall growth in the real estate sector.๐ The competition for homes intensified with a 1.7% decrease in inventory, fueling a strong buying frenzy in the market.๐บ๏ธ Over 27 states boast a median home value exceeding $300,000, showcasing the diversity of the real estate landscape.๐ A remarkable 35% increase in home values nationwide over the past 3 years signifies an upward trend in the market.๐ Fun Fact: Did you know that the median home value across all 50 states is $431,000? New Jersey stands out at number 7 with a median home value of $495,000.๐ As we wind down the year, remember that great real estate decisions are made in advance. Start planning for 2024 and beyond now!๐ We hope you had a fantastic holiday season with your loved ones and wish you a joyful new year ahead.๐ Call to Action: If you're gearing up for real estate endeavors in the coming year, whether it's buying, selling, or investing, don't hesitate to reach out.
Robert O'Keefe - ROK Realty Group ๐ฑ (201) 374-7334 (Text/Call) ๐ง robert@rokrealtygroup.com๐ Subscribe: https://www.youtube.com/@rokrealty ๐ธ Instagram; DM's Open: https://www.instagram.com/rok_realty๐ก๐ ROK Realty Report Highlights:๐๐ Mortgage rates down to 7.29%, boosting market demand ๐ท๐ฐ Property sales dipped but expected to rise in spring, prices up 3.4% YoY ๐ผ๐ธ Inventory slightly up to 3.6 months, competitive market with 29% cash transactions ๐๐ต Baby boomers' preference for spare bedrooms causing inventory shortage ๐ Feeling thankful for your support this holiday season! Have real estate questions? Looking forward to connecting soon! ๐๐คRobert O'Keefe - ROK Realty Group ๐ฑ (201) 374-7334 (Text/Call) ๐ง robert@rokrealtygroup.com๐ Subscribe: https://www.youtube.com/@rokrealty ๐ธ Instagram; DM's Open: https://www.instagram.com/rok_realty
Robert O'Keefe - ROK Realty Group ๐ฑ (201) 374-7334 (Text/Call) ๐ง robert@rokrealtygroup.com๐ Subscribe: https://www.youtube.com/@rokrealty ๐ธ Instagram; DM's Open: https://www.instagram.com/rok_realty๐ Happy fall season and a spooktacular Halloween weekend, folks! ๐ It's Robert O'Keefe from ROK Realty, and I'm back with another quick and informative episode of the Rock Realty Report. ๐ ๐ฐIn this episode, we'll cover 5๏ธโฃ key things about the current real estate market:1๏ธโฃ Mortgage rates are climbing to a 20-year high, but they're still around the historical average. ๐๐ก2๏ธโฃ Mortgage applications have dropped to their lowest levels since 1995. ๐ฑ๐3๏ธโฃ Prices are staying relatively stable, with a 2.8% increase from last year. ๐ฐ๐4๏ธโฃ Rising inventory is a significant factor, up 2.7% from last year. ๐ฆ๐5๏ธโฃ Millennials are feeling "sticker shock" due to the fastest extension of interest rates in history. ๐ฅ๐ฒHere's a fun fact: In the '80s, interest rates averaged a whopping 12.7%! ๐ฐ๏ธ๐ฅThat's a wrap for this edition of the ROK Realty Report. I hope you found it educational and helpful. If you think someone you know could benefit from this episode, do them a favor and share it. ๐๐คIf you have any questions, remember, I'm just an email away! ๐ง๐คBefore we sign off, let's get ready for November! Wishing you a fantastic Halloween filled with treats and spooktacular surprises. ๐ฌ๐ป๐Catch you next time! ๐Robert O'KeefeROK Realty ๐ ๐
Robert O'Keefe - ROK Realty Group ๐ฑ (201) 374-7334 (Text/Call) ๐ง robert@rokrealtygroup.com๐ Subscribe: https://www.youtube.com/@rokrealty ๐ฌ Welcome to another episode of the ROK Realty Report. Let's see what's trending! ๐๐ก This month, we dive into the world of low inventory levels and their market effects:๐น Property sales are steady, but down 15.3% from last year๐น Prices remain stable even with low inventory challenges for buyers.๐น Inventory dipped this month, leading to a 3.3-month supply. Properties are snapped up in just 20 days on average.๐น Dive into the "golden handcuff syndrome" and understand why homeowners cling to their low-interest rates.๐ค Fun fact: Americans are nesting longer! ๐ Stay duration in homes has shot up by 41% since 1985. ๐ Hope you loved this episode! If you have friends who'd benefit, share away! ๐Here's to a ๐ spooktacular October with success and opportunities! ๐
Robert O'Keefe - ROK Realty Group ๐ฑ (201) 374-7334 (Text/Call) ๐ง robert@rokrealtygroup.com๐ Subscribe: https://www.youtube.com/@rokrealty ๐ก๐ก ROK Realty Report: August 23' Close Out Summary ๐ก๐ก๐ Key #1: Mortgage Rates and Buyer BehaviorDiscover how mortgage rates reaching the 7% range have influenced buyer activity in the market. We'll highlight the impact on existing sales, which were down 2% this month and 16% from last year. Plus, find out the extent to which prices have adjusted.๐ Key #2: Market Strength and Low InventoryLearn about the role of low inventory in keeping the market strong, even amid certain challenges. We'll explore how inventory levels have fluctuated and how it's affecting the supply-demand dynamics in real estate. Also, keep an eye out for the change in days on the market.๐ Key #3: The Underrated Stat: Mortgage ApplicationsUncover an important and often overlooked statistic: mortgage applications. We'll discuss why this figure matters and how it can be an indicator of market trends. You won't believe the drop in mortgage applications this year โ the lowest level since 1995!๐ Key #4: Renting vs. OwningTake a step back and look at the bigger picture. We'll examine a chart that highlights the current affordability of owning versus renting. It's an interesting lens through which we can understand the real estate landscape and discuss the potential for homeownership.๐ Key #5: Commercial Real Estate InsightsDelve into the world of commercial real estate and the impact of rising interest rates. We'll explore the looming challenges faced by investors and potential opportunities that may arise due to changing market conditions.๐ก Fun Fact from the Episode: Did you know that floating-rate debt worth a staggering $682 billion was taken out between 2001 and 2022? The aging of these debts combined with higher interest rates can lead to a significant shift in the commercial real estate sector. Find out more about what this means for investors.That's a brief overview of what we covered in our August episode. Remember, these insights are just the tip of the iceberg. If you have any questions or want to explore how this information applies specifically to your situation, I'm just an email away.Don't miss out on valuable opportunities in the real estate market. Reach out to us with your queries, concerns, or ideas, and we'll be thrilled to consult with you further.Robert O'Keefe - ROK Realty Group ๐ฑ (201) 374-7334 (Text/Call) ๐ง robert@rokrealtygroup.com๐ Subscribe: https://www.youtube.com/@rokrealty
Robert O'Keefe - ROK Realty Group (201)-374-7334 (Text/Call) robert@rokrealtygroup.com
In the ROK Realty Report for July 2023, host Robert O'Keefe discusses the current state of the housing market. Despite high mortgage rates, property prices continue to rise, making it a great time to sell. Inventory is down from last year, with homeowners reluctant to give up their low interest rates. First-time homebuyers and all-cash sales are still a significant portion of transactions. Robert O'Keefe provides his contact information for individual questions. He also shares a success story of finding an off-market property for buyers through strategic planning. Buyers are getting creative with financing, and it's predicted that home prices will appreciate in the coming months. Overall, buying now is a wise financial decision, and it's an opportune time for sellers due to low inventory.
๐ Key Takeaways 1๏ธโฃ Low inventory: The market is still facing a shortage of available homes, but don't fret! Robert shares some fantastic strategies for buyers to navigate this challenging landscape.
2๏ธโฃ Golden Handcuffs phenomenon: Homeowners are holding onto their low-interest rate mortgages, resulting in a constrained inventory. Find out why and how this affects both buyers and sellers.
3๏ธโฃ Financing creativity: Buyers are exploring alternative financing options like cash and adjustable rate mortgages.
4๏ธโฃ Price projections: We'll give you a sneak peek into the forecasts from Zillow, Freddie Mac, and CoreLogic, and why despite higher interest rates, it's still a great time to make a move in the market.
5๏ธโฃ Success story: Robert shares a heartwarming story about finding an off-market property for a happy buyer. It's proof that with the right strategy, dreams can come true!
Fun fact from the episode: Did you know that almost half of all mortgages currently have a rate below 5%? That's a whopping 64% of mortgages with rates below 5%! It's clear that low rates are still a big factor in the market.
In closing, we wish you an amazing rest of the summer and hope you find this episode as informative and insightful as we do. Remember, if you have any specific questions or need personalized advice, Robert O'Keefe is here to help!
Presented By:
Robert O'Keefe โข ROK Real Estate
(201)-374-7334 (Text/Call)
robert@rokrealtygroup.com
In this episode of ROK Realty Report, host Robert O'Keefe dives into the current state of the real estate market. From multiple bidding wars and low ball offers to rising property prices and fluctuating mortgage rates, O'Keefe breaks down the latest trends and provides valuable insights for both buyers and sellers. With a focus on inventory levels, rental markets, and listener engagement, this episode offers a comprehensive look at the ever-evolving world of real estate. Don't miss out on O'Keefe's expert analysis and helpful advice to navigate the turbulent market.
โ๏ธ ROK Realty Report Newsletter: https://sendfox.com/robokeefe
๐ Subscribe: https://www.youtube.com/@rokrealty
๐ธ Instagram: https://www.instagram.com/rob_okeefe
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Topics Covered:
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Multiple bidding wars in the marketplace- Sellers have a good opportunity to sell- Buyers becoming more hesitant to waive appraisal and inspection items- Low ball offers being received, and fewer overall offers
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Inventory levels and property prices- Inventory levels have been increasing- Property sales slightly increased- Property prices rose but are still lower than last year- Low inventory causing the price increase- Inventory currently stands at three months
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Mortgage rates- Mortgage rates increased compared to the previous month and last year
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Average days on the market- Average days on the market remaining stagnant
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Apartment rents- Rents fell dramatically during the COVID pandemic but have started to recover- Rents have fallen across all major indexes, providing relief to tenants- Rents are still up overall, but lower than during the pandemic- Apartment rents tend to be resilient and generally increase, especially during inflationary times
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New format and listener feedback- Speaker discussing a new format and encourages listener questions or feedback- Listener encouraged to ask about their specific situation since data may not directly apply to their market- Speaker always available to help and encourages listener to reply with any questions or thoughts
"Fluctuating Mortgage Rates: 'Mortgage rates went up to 6.71%.'"โ Robert O'Keefe 00:00:1400:00:48
Bidding Wars in the Real Estate Market: "So sellers, it's still a great time to sell, although we've seen buyers pull back in some capacities. And what I mean by that is buyers are reluctant now to waive the appraisal, they're reluctant to waive inspection items. And we're even seeing some low ball offers come in on our list dance and not as many offers as there were before. So kind of a sign, which may be a sign of things to come."โ Robert O'Keefe 00:00:5000:01:29
Apartment Rents during COVID-19: "Rents are very resilient and generally always tend to go up, especially in inflationary times."โ Robert O'Keefe 00:01:2900:01:56
Presented By:
Robert O'Keefe
ROK Realty Group(201)-374-7334 (Text/Call)
robert@rokrealtygroup.com
๐ We consult with people all over on their real estate opportunities & challenges.
๐ Contact & Subscribe to grow smarter and wealthier in real estate.
โ๏ธ ROK Realty Report Newsletter: https://sendfox.com/robokeefe
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Presented By: Robert O'Keefe - ROK Realty Group (201)-374-7334 (Text/Call) robert@rokrealtygroup.com
๐ We consult with people all over on their real estate opportunities & challenges. ๐ Contact & Subscribe to grow smarter and wealthier in real estate.
โ๏ธ ROK Realty Report Newsletter: https://sendfox.com/robokeefe Easy to Read & Fast Insights on the Market Solid Tips & Tactics I Respond to All Emails
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Presented By:Robert O'Keefe - ROK Realty Group(201)-374-7334 (Text/Call)robert@rokrealtygroup.com๐ We consult with people all over on their real estate opportunities & challenges. ๐ Contact & Subscribe to grow smarter and wealthier in real estate. โ๏ธ ROK Realty Report Newsletter: https://sendfox.com/robokeefeEasy to Read & Fast Insights on the MarketSolid Tips & TacticsI Respond to All Emails
โ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธ
๐ Subscribe: https://www.youtube.com/@rokrealty
๐ธ Instagram; DM's Open: https://www.instagram.com/rok_realty
Presented By:
Robert O'Keefe - ROK Realty Group
(201)-374-7334 (Text/Call)
robert@rokrealtygroup.com
๐ We consult with people all over on their real estate opportunities & challenges.
๐ Contact & Subscribe to grow smarter and wealthier in real estate.
โ๏ธ ROK Realty Report Newsletter: https://sendfox.com/robokeefe
- Easy to Read & Fast Insights on the Market
- Solid Tips & Tactics
- I Respond to All Emails
โ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธ
๐ Subscribe: https://www.youtube.com/@rokrealty
๐ธ Instagram; DM's Open: https://www.instagram.com/rok_realty
Presented By:
Robert O'Keefe - ROK Realty Group
(201)-374-7334 (Text/Call)
robert@rokrealtygroup.com
๐ We consult with people all over on their real estate opportunities & challenges.
๐ Contact & Subscribe to grow smarter and wealthier in real estate.
โ๏ธ ROK Realty Report Newsletter: https://sendfox.com/robokeefe
- Easy to Read & Fast Insights on the Market
- Solid Tips & Tactics
- I Respond to All Emails
โ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธ
๐ Subscribe: https://www.youtube.com/@rokrealty
๐ธ Instagram; DM's Open: https://www.instagram.com/rok_realty
Presented By:
Robert O'Keefe - ROK Realty Group
(201)-374-7334 (Text/Call)
robert@rokrealtygroup.com
๐ We consult with people all over on their real estate opportunities & challenges.
๐ Contact & Subscribe to grow smarter and wealthier in real estate.
๐ฅ Write Quick Summary of Podcast Here; send proof for approval.
๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐โ๏ธ ROK Realty Report Newsletter: https://sendfox.com/robokeefe
- Easy to Read & Fast Insights on the Market
- Solid Tips & Tactics
- I Respond to All Emails
โ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธโ๏ธ
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Is Flipping Homes a Bad Idea Today? Learn how investors quickly evaluate opportunities using the 70% Rule
Presented By:
Robert O'Keefe
ROK Realty Group:
"Solid, Educated & Customized Plans for your Real Estate Needs"
201-372-4084 (Call/Text)
robert@rokrealtygroup.com
Presented By:
Robert O'Keefe
ROK Realty Group:
"Solid, Educated & Customized Plans for your Real Estate Needs"
201-372-4084 (Call/Text)
robert@rokrealtygroup.com
Presented By:
Robert O'Keefe
ROK Realty Group:
"Solid, Educated & Customized Plans for your Real Estate Needs"
201-372-4084 (Call/Text)
robert@rokrealtygroup.com
Robert O'Keefe | Broker of Recordย
Licensed Real Estate Broker - NJ & NY
Keller Williams Park Views Realty 301 Route 17 Ste. 204 Rutherford, NJ 07070ย
O: (201) 939-0050 | C: (201) 372-4084 (Call/Text)ย
E: rokeefe@kw.com ย
๐ Home prices fell again for the third consecutive month. The last time this has happened was nearly four years ago. The market still remains competitive. 24% of homes are receiving offers over their asking price. This is due to low inventory which happened to decrease again this month.
๐ After hitting 7%, mortgage rates continue to decrease. Rates fell again to 6.58%. Overall, rates are up 3.1% from where they were last year. Many buyers are utilizing cash, with all-cash sales accounting for 26% of all transactions. ย
๐ Jersey City Rent Control Battle: Jersey City residents squared off against their landlord and won a rent control ruling for their building. ย ย ย
Robert O'Keefe | Broker of Recordย
Licensed Real Estate Broker - NJ & NY
Keller Williams Park Views Realty 301 Route 17 Ste. 204 Rutherford, NJ 07070ย
O: (201) 939-0050 | C: (201) 372-4084 (Call/Text)ย
E: rokeefe@kw.com ย
Everything you need to know about the Lead Safe Law in NJ. This is a great cheat sheet to review with your attorney and property managers.ย
Contact Today with More Information
Robert O'Keefe - ROK Realty Group
201-372-4084 (Call/Text)
robert@rokrealtygroup.com