July Real Estate News Wrap-

Weekly Newsletter #60

Quote of the day: “Real estate is more than just numbers and contracts; it's about helping people find their perfect space..”

What We’re Up To

Welcome to the 60th issue of the TGFLIP Marketing Agency Newsletter!

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Our goal with this newsletter is to provide you with the latest news, insights, and best practices in marketing, with a focus on real estate and small business marketing.

July Real Estate News Wrap-up

Hello there,

Welcome to our July Real Estate News Wrap-up! Here’s a quick look at the top stories shaping the market this month. Let’s dive in!

1. International Buyers Retreat

What’s Happening??

• Foreign buyers purchased 54,300 existing homes from April 2023 to March 2024, a 36% drop from the previous year.
• High prices and a strong U.S. dollar are making U.S. properties less attractive, leading to the lowest level of international investment since 2009.
• Source: here

2. Foreign Investment Plummets

What’s Happening??

• Annual foreign investment in U.S. existing homes fell by 21.2% to $42 billion.
• Despite this, the average and median purchase prices for foreign buyers reached record highs, with Canada, China, Mexico, and India leading in purchases.
• Source: here

3. Mortgage Rates Bring Relief

What’s Happening??

• Mortgage rates have dropped, lowering the typical monthly housing payment by $115 from April’s peak.
• However, many buyers remain cautious, waiting for further rate reductions, which has led to a decline in pending sales.
• Source: here

4. Construction Slowdown Continues

What’s Happening??

• Single-family home construction fell for the fourth consecutive month in June.
• Builders are holding off on new projects, awaiting rate cuts, and shifting towards smaller, more affordable homes.
• Source: here

5. Biden’s Rent Cap Proposal

What’s Happening??

• President Biden has proposed a 5% cap on annual rent increases for large corporate landlords.
• This move aims to address rising housing costs, particularly in high-demand rental markets, and provide relief to renters.
• Source: here

Need Help Marketing Your Property?

At TGFLIP Marketing Agency, we specialize in getting your properties noticed. Whether you’re a business owner, electrician, plumber, roofer, contractor, or property management company, we have a detailed buyer list and expertise in digital marketing, including video marketing, to help you succeed. Ready to elevate your marketing game?

Let’s make your property the next big thing!

Contact us today!?

Stay tuned for more updates next month. Have a great week!

Warm regards,

TGFLIP Marketing Team