NEOhioRealty

U.S. Housing Supply Reaches a Six-Year High
We’re seeing a significant shift in the U.S. housing market: as of mid-Q3, new listings have risen about 3% month-over-month, marking the highest volume in over four years. Total homes available for sale are up roughly 4%, reaching levels not seen since 2020. While buyer demand remained steady—pending sales held flat and closed sales dipped just 1%—prices still reached a period high, and mortgage rates hovered close to 7%. What’s driving this change? More homeowners are listing now that rate lock-in is loosening, life changes are prompting moves, and sellers are adjusting to a more measured pace. This means buyers have more opportunity to compare homes and negotiate. By mid-Q3, nearly 60% of U.S. homes sold below the original asking price, giving buyers greater leverage to discuss price, repairs, or closing costs—or even walk away. Even with elevated costs and a steady national demand, the market is now more accommodating to those able to purchase than it has been in recent years. Having navigated both the Cleveland and Southwest Florida markets for over two decades, I’ve seen firsthand how these shifts can open doors for well-prepared buyers and sellers alike.

Honoring the Significance of Indigenous Day

🌻Some choose veggies, some choose flowers, some choose both! What do you plant in your garden?

Tabitha made my home buying experience fun! She is so dedicated and VERY knowledgeable. I recommend...
Let’s connect and talk about the latest insights in the industry!

Creating a well-balanced picture wall is an art in itself! Whether you’re going for a gallery-style display or a simple, elegant layout, here are some expert tips to get it just right:

📌 Start with a Focal Point – Choose one large piece or a central frame to anchor your arrangement.
📏 Plan Before You Hang – Lay out your frames on the floor first or use paper templates on the wall to find the perfect layout.
📐 Stick to a Theme – Whether it’s black & white prints, family portraits, or abstract art, a cohesive theme makes your wall look polished.
📊 Balance Shapes & Sizes – Mix different sizes and orientations, but keep things visually balanced to avoid clutter.
🛠️ Maintain Consistent Spacing – Keep frames 2-4 inches apart for a harmonious flow.

Happy arranging!✨

4 Questions Shaping US Housing Affordability
Navigating housing affordability in today’s market is more nuanced than ever. Lately, we’re seeing the beginnings of housing disinflation, with buyers and sellers often missing each other on expectations. Sellers are offering more concessions, opening doors for some buyers to find real savings as they pursue homeownership. Yet, borrowing costs remain the biggest challenge—benchmark Treasury yields linger around 5%, and the average 30-year mortgage rate has edged above the low-7% range. For the four weeks ending September 13, the median monthly mortgage payment reached approximately $2,600, up about 3% from last year—a clear reflection of how financing costs are stretching affordability for many buyers.

In both the Cleveland and SW Florida markets, I’ve noticed that homeowners with low-rate loans are hesitant to list, keeping inventory tight. Meanwhile, sellers are still hoping for prices reminiscent of the pandemic highs. Industry leaders aren’t calling this a crash, but rather a move toward greater stability, thanks to strong equity positions and sound lending practices. For buyers and sellers alike, there are still opportunities—especially when you have the right guidance and a deep understanding of your local market. With over two decades of experience in real estate, I’ve seen markets evolve, and I know how to help clients navigate these shifts with confidence.