Shaun Murphy’s Post

💯🎊 NEW BLOG: Discover Why Raleigh’s Home Prices Are $100K Higher Than the Southern Average! 📈🔥 Raleigh’s real estate market is on fire, and we’ve got all the insights in our latest blog post! According to recent data from WRAL, the median home value in Raleigh is a staggering $100K higher than the average home price across the entire Southern region of the U.S. What’s driving this trend? 🤔💭 🔸 Economic Growth: Raleigh’s robust economy, fueled by the influx of tech companies and other businesses, creates jobs and attracts professionals from across the country. 🔸 Quality of Life: Excellent schools, a vibrant community life, and a range of recreational opportunities make Raleigh a desirable place to live. 🔸 High Demand: With its mix of urban amenities and suburban charm, Raleigh attracts both families and professionals, driving up housing demand and prices. What does this mean for you? 🤔💭 🔹 SELLERS: Take advantage of these favorable market conditions and list your home to fetch a premium price. 🔹 BUYERS: Although prices may seem high, investing in Raleigh means securing a home in a thriving and growing community with excellent long-term value. 🔗 Check out our detailed blog and find out more! https://lnkd.in/egeUrjsr #CarolinaChoiceRealEstate #RaleighRealEstate #MarketUpdate #RealEstateNews #RaleighHomes #MoveToRaleigh #RaleighRealtors #RaleighNC

Some surprising data in this article about current hottest #realestate housing markets. Manchester, New Hampshire and Rochester, NY are the hottest in the US? Most improved market is Kansas City? Also interesting is that urban area are improving in general. https://lnkd.in/ezni75mp #REO #FORECLOSURE #realestateadvice #realestatemarketing #realestateexpert #reolistings #reoagent #NRBA

The Philadelphia real estate market is currently exhibiting mixed signals of strength. The market is described as somewhat competitive, with homes typically selling for about 3% below the list price and staying on the market for around 46 days. The median sale price is around $250,000, which is relatively affordable compared to national averages (redfin) (SoFi). Despite some areas seeing decreases in median sale prices, such as a 5.3% drop from last year (redfin), the market is still active with properties receiving multiple offers. Additionally, certain neighborhoods in Philadelphia show modest increases in home values and a vibrant community life that could attract buyers, such as University City and Rittenhouse Square (SoFi). Overall, while the Philadelphia real estate market isn't booming in terms of rapid price increases, it maintains a steady level of activity and competitiveness, suggesting a stable market that could potentially strengthen further.

As an industry expert, I'd like to share some insights on the recent San Francisco Chronicle article comparing housing markets across 12 Bay Area cities. The article reveals striking disparities in what a $1.5 million budget can afford in different cities, reflecting the diverse and complex nature of the Bay Area real estate landscape. One key takeaway is the stark contrast between high-demand areas like Palo Alto, where $1.5 million might only fetch a modest 1-bedroom house, and more affordable cities like Pittsburg, where the same amount could purchase multiple properties. This highlights the importance of location and the need for buyers to carefully consider their priorities and financial capabilities when entering the market. It's also notable that $1.5 million, roughly the lifetime earnings of a Californian with a bachelor's degree, is just slightly above the typical home value in the San Francisco metropolitan area. This underscores the significant affordability challenges faced by many buyers in the region, particularly first-time homebuyers and those with limited financial resources. These findings align with broader trends we're seeing in the Bay Area and other high-cost markets, where rising prices, limited inventory, and intense competition are creating an increasingly challenging environment for buyers. As industry professionals, it's crucial that we stay attuned to these dynamics and work to develop innovative solutions to help clients navigate the complexities of the market. I encourage my fellow real estate professionals to share their thoughts and experiences on this topic. How are you adapting your strategies to better serve clients in this evolving landscape? What creative approaches have you found effective in helping buyers achieve their homeownership goals despite these challenges? By engaging in open dialogue and collaboration, we can collectively work to address the affordability crisis and create more opportunities for sustainable, inclusive housing markets across the Bay Area and beyond. I look forward to hearing your perspectives and insights on this critical issue. #BayAreaRealEstate #HousingAffordability #IndustryInsights #CollaborationMatters

The Sun Belt’s Popularity Continues To Rise.... ☀ I read this blog from explodingtopics.com and I thought it was very interesting. 📕 As Americans shift out of big cities, one destination they are moving to is the Sun Belt. The Sun Belt stretches from California to North Carolina and encompasses 18 southern states in between. Approximately 75% of the country's population growth in the past 10 years has been concentrated in the Sun Belt States. The region is also becoming increasingly more attractive to younger professionals due to lower taxes and more affordable housing prices and rent. Additionally, even the biggest Sun Belt cities offer more space compared to the top US metro areas such as New York. The growth has not been limited to single-family homes but has also translated to multifamily housing and commercial real estate. Two major Sun Belt metro areas, Dallas and Tampa are ranked in the top ten US cities with the most real estate potential. However, it is Austin that was anticipated to see the most real estate growth in the US in 2021, followed closely by Phoenix and Nashville, according to Zillow. On the other hand, major metropolitan areas, like New York, Philadelphia, and San Francisco were among the worst real estate markets in the country in 2021. Do you agree?

Which region experienced the highest rental vacancy rate in Q1 of this year? At 8.4%, the rental vacancy rate was highest in the South. The Midwest followed with 7.0%, while the West came in at 5.1%. The Northeast had the lowest vacancy rate in the country with only 4.4%. Compared to the first quarter 2023, the rental vacancy rate was higher in the West and not statistically different in the Northeast, Midwest, and South. At 7.0%, the rental vacancy in principal cities was higher than the rate in the suburbs, which came in at 6.2%, and was not statistically different from the 6.2% rate outside the MSAs. 🏢 Stash Geleszinski CCIM Jason Koch, Brokering Multifamily Real Estate Adam Riddle Nathan Murphy Sherief Gouda Source: U.S. Census Bureau #Capstone #LandSales #CRE #Multifamily

Building bigger and pricier homes isn’t easing California’s housing woes. A Zillow study shows new homes are 22% pricier and 27% larger than existing ones. Is this really the solution? 📊 Key Insights: Median Prices: New homes at $1.14M vs. $935K for existing. Size Difference: New homes average 2,020 sq. ft. vs. 1,585 sq. ft. for existing. Market Trends: Affordability improvements trickle down slowly from high-end housing. #housingcrisis #californiarealestate #newhomesforsale #homeprices #realestatetrends

Exciting times in the Twin Cities real estate market! Despite some fluctuations, the demand for homes remains strong. Sellers are benefitting from competitive offers, while buyers are exploring diverse housing options. Rates have come down from the high last fall, and if you have put a move on hold, it's worth exploring what this means to you at this time. As we navigate this dynamic market, staying informed and working with a knowledgeable real estate professional can make all the difference. #TwinCitiesRealEstate #HousingMarket Happy 2024!

Charlotte, NC, stands out in North Carolina’s booming real estate market with its unique attributes and enticing investment opportunities. The city's rapid population growth, driven by robust job prospects and its appeal as a residential and business hub, mirrors statewide trends. Charlotte’s diverse economy, which spans finance, technology, and healthcare, fuels demand for housing, pushing home prices upward and making it a magnet for investors. The city also sees high rental demand due to its economic vibrancy and is experiencing significant real estate development to meet this need. Despite challenges like rising interest rates, Charlotte’s market remains resilient, continuing to attract investment. 🌆💼📈 Learn more! https://bit.ly/49I5PsM

Dive into the heart of Crediton's property landscape with our illuminating heat map, showcasing a treasure trove of homes brimming with extra space and potential. Our meticulous analysis, drawn from the latest Census 2021 data, reveals a striking pattern of generously sized properties, particularly in areas highlighted in deep blue. These homes, often nestled in mature neighbourhoods, tell tales of growth, love, and laughter, now ready for new chapters. Here in Crediton, we're not just estate agents; we're your personal property gurus, boasting an unmatched grasp of the Crediton market. We're here to navigate you through the nuances of making a smart home move. Thinking about moving? Just curious about what your Crediton home might be worth in today's market? Let's kick off a conversation, absolutely free and with no strings attached. Give us a buzz on 01363 777999 and together, we'll map out your options, ensuring your next move is not only informed but truly inspired.