July 2024 Housing Market Update | Richmond, VA | NAR Settlement & Election Impacts

In this video, I bring you the latest updates on the housing market for July 2024! I cover key trends in inventory levels, interest rates, and affordability to keep you informed about what's happening in the real estate world given rule changes & election impact. With low inventory continuing to impact buyers and sellers, discover how this competitive market is shaping up as we head into the busy summer season. Learn about the latest trends in mortgage rates and how they might affect your home-buying or selling journey. Whether you're a potential homebuyer, seller, or just interested in the real estate market, this video is a quick must-watch for staying up-to-date with the current market trends!
00:00 Introduction
00:17 Inventory
01:04 Interest rates
01:40 Election
02:48 NAR settlement
04:23 Outro