🎃 Real Estate Market Today: ROK Realty Report October 2023 Close Out

Robert O'Keefe - ROK Realty Group
📱 (201) 374-7334 (Text/Call)
📧 robert@rokrealtygroup.com
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🍁 Happy fall season and a spooktacular Halloween weekend, folks! 🎃 It's Robert O'Keefe from ROK Realty, and I'm back with another quick and informative episode of the Rock Realty Report. 🏠📰

In this episode, we'll cover 5️⃣ key things about the current real estate market:

1️⃣ Mortgage rates are climbing to a 20-year high, but they're still around the historical average. 📈🏡
2️⃣ Mortgage applications have dropped to their lowest levels since 1995. 😱💔
3️⃣ Prices are staying relatively stable, with a 2.8% increase from last year. 💰📈
4️⃣ Rising inventory is a significant factor, up 2.7% from last year. 📦📈
5️⃣ Millennials are feeling "sticker shock" due to the fastest extension of interest rates in history. 💥💲

Here's a fun fact: In the '80s, interest rates averaged a whopping 12.7%! 🕰️💥

That'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. 💌📤

If you have any questions, remember, I'm just an email away! 📧🤔

Before we sign off, let's get ready for November! Wishing you a fantastic Halloween filled with treats and spooktacular surprises. 🍬👻🎉

Catch you next time! 👋

Robert O'Keefe
ROK Realty 🏠🔑