One of the biggest stories in the housing market these past few years has been how much the supply of homes for sale has grown. It’s the #1 bright spot for buyers in this market. But you may have heard that growth has been slowing down. It’s true it went from +31% a year ago to just +2% now. But that’s no reason to worry about your move. Because nationally, inventory has been up year-over-year for 33 straight months. And the latest data shows the slowdown may have already hit its floor. Plus, since rates aren't expected to come down much anytime soon, inventory growth may be about to pick back up. The bottom line? Inventory is still better than it was last year – and that gives you options. And even more choices may be coming soon. Wondering what this means for your plans? Send me a DM and let's talk through what’s available right here, right now. #HomesForSale #HousingMarket

Your multi-generational-friendly, or simply larger-than-average, house might meet criteria a lot of buyers can't find in a standard one. That's what gets attention. And offers. So, let’s chat about what it could get you in our market right now. #MultiGenerationalHome

The latest home price data just made one thing clear. More markets are seeing prices rise. And fewer are seeing them fall. Just one quarter ago, home prices were rising in 71% of markets. Today, it's 80%. That’s a pretty big shift in just 3 months. Now, that doesn't mean prices are climbing everywhere. But it does mean there’s no widespread crash happening. If anything, prices may have turned a corner. Thinking about making a move? Send me a DM, and let's look at what's happening in our market before you decide what to do. And don’t buy into every headline you see about prices falling. The data clearly tells a different story. #HomePrices #NotACrash

This market isn’t one-size-fits-all. If you're wondering who has the upper hand where we live, let's talk. I'll show you exactly what the numbers look like in our market – and what strategy gives you the best shot at getting what you want. #HousingMarket #RealEstateAdvice

Still waiting for home prices to come down? That's becoming less likely. Home prices are now rising in 80% of housing markets. That’s up from 71% last quarter. In other words, more markets are seeing prices go up — not down. Before you put your plans on hold, let's look at what's happening in our market. Waiting may not save you as much as you think. #HomePrices #NotACrash

Picture it. A getaway that’s all yours, where you’ll build memories with your loved ones year after year. And maybe even retire someday? A vacation home of your own might be more within reach than you think. Nearly 40% of vacation-home sellers have lowered their asking price recently. That place you’re imagining? DM, and let’s talk about what’s available there. #VacationHomes #HomeBuyingTips

Looking for land in the heart of Johnson City instead of way out in the country? This is it 👀🌄 2200 Hicks RD, Johnson City, TN 37604 1-acre R-3 lot with a powered 1,200 sq ft garage/workshop – a rare find this close to everything. Highlights buyers in the Tri-Cities love: • Minutes to ETSU, hospitals, and downtown • R-3 zoning offers flexible use options (single-family or multifamily possibilities) • Public water, sewer, and electric available • Existing detached garage/workshop for storage, cars, or a serious hobby space • Deeded right-of-way access to Hicks Road If you’ve been waiting for the right in-town lot to build, invest, or develop, this could be your green light ✅ Get full property info and photos: https://www.tricities.homes/d8r6q9ws Message or email Tri-Cities real estate pro Jay Cottrell at jay.cottrell@lptrealty.com to discuss your plans for this property.

Mortgage rates aren’t random. They’re affected by 2 numbers. The 10-year treasury yield and something called "the spread." That's the gap between the 10-year treasury yield and mortgage rates, and it usually sits around 1.76 percentage points. Back in 2023, the gap in the spread ballooned up to 3.19 in response to economic uncertainty. If it were still that wide today, rates would be pushing almost 8%. But the good news is the gap has narrowed to 2.01 (a lot closer to the long-term norm). And that’s a big positive for rates. It’s why today’s mortgage rate is in the upper 6s instead of touching 8%. Here's the part a lot of people miss. Where rates are right now are already pretty close to what a totally normal spread would produce – a mortgage rate around 6.5%. In other words, the fact that the spread has narrowed in recent years has helped mortgage rates. Sure, they’re still higher than you may want, but it could be worse. Wondering if buying now still makes sense with rates like this? Send me a message and let's break it down. #MortgageRates #HousingMarket