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- 🚨 Here is Your Agent Market Report for MARCH
🚨 Here is Your Agent Market Report for MARCH
Are mortgage rates still increasing? Should your clients be worried about a recession? We answer that and more!
PUTNAM COUNTYActive Listings: 243 | WHITE COUNTYActive Listings: 125 |
OVERTON COUNTYActive Listings: 70 | CUMBERLAND COUNTYActive Listings: 234 |
THE UPPER CUMBERLAND MARKET UPDATE
We compare the number of New Listings and properties Under Contract in 2022 to 2023.
JAN-FEB 2023NEW LISTINGS: 1059 | JAN-FEB 2024NEW LISTINGS: 1104 (7.9% decrease) |
Let’s Talk Inflation, Home Prices, Low Inventory, and Mortgage Rates!
Are Mortgage Rates Decreasing? |
Mortgage rates are projected to be in the 5-6% range for most of 2024. Inflation is coming down but the Fed wants to see it below 2% before cutting rates more. |
Are homes still appreciating? |
2023 home price appreciation came in between 5.5-6.5% nationally. All major metro cities (including The Upper Cumberland) and 49 states saw price gains in 2023. Home prices are projected to keep appreciating through 2028 according to recent surveys. |
Oh, and forecasters increased 2024 appreciation projections to an average of 3%. Foreclosure activity remains low due to high home equity levels across the country. |
Why are home prices increasing? |
Low inventory and high demand for our area. Economist expect the market to maintain price appreciation pressure. |
Should you be worried about a recession? |
Economists see recession risks declining with the unemployment below 5%. |
Agent: Amber Flynn Jared
MLS #: 225361
SOLD Price: $779,000
DOM: 20
2881 Buck Mountain Rd. COOKEVILLE, TN 38501
Help your client get tapped into the community with a gift card that just keeps giving! Thank them for choosing you with a gift card to a local business. Here are some ideas:
P.S. Paws Bakery: a new local pet boutique that specializes in serving all natural pet treats. They are made and packaged in house using quality human-grade ingredients. Perfect for your client’s with pets!
Plenty: Every dollar that you invest or spend supports the continuation of the of their mission: to help every child read and every parent and grandparent be able to read with them. Send your clients in to find a new book for their new home!
The Exceptional Bean: A delicious coffee shop offering employment opportunities to people with disabilities. Perfect for clients that love coffee!
The Glass Tangerine: On the historic West Side of Cookeville, you will find this must-see floral shop with beautiful arrangements. Help your client decorate their new home with a fresh bouquet of flowers!
AI isn’t a perfect writer. However, it is a fast writer - meaning it’s really useful for pushing past writer’s block and getting you to a first draft quickly.
🤖 Here is one of our favorite prompts for nurturing emails:
You’re a real estate agent in [city]. Write 3 different outreach emails to homeowners who may be interested in selling their home. Keep the body of each email to one paragraph. Use a tone that’s trustworthy, professional, and empathetic. Avoid using words that are spam triggers. And finish with a compelling call to action that’s one sentence and easy for people to reply to.
! It’s gardening season! Spoil your homebuyer’s with a gardening box for their new home.
Are you looking for closing gifts for your clients? For $39.50 a box, these gardening gift boxes are perfect!
Deluxe gardening gift box that will attract butterflies and bees to your garden. This garden gift box has all you need to sow, grow, trim, and save your seeds. A mix of 7 different (total of 130) easy to grow annual and perennial seeds that would make a great gift for any garden lover. |
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