Everybody has a correct opinion, but does everyone have a wrong opinion? During election season, we can get caught up in the ads, the rhetoric, the personalities, and, of course, the candidates. People who grew up in South Dakota will look at the world through a different lens than the people living in New York City. My personal opinion revolves around homeownership. When communities have a high percentage of homeownership, they tend to be safer, enjoy schools with higher scores, have greater household wealth, and are more involved in elections. The opposite side of the coin tells me a renter has greater mobility.

Either way, is one opinion right and the other opinion wrong? This is the reason it takes two teams to have a game, two opinions to hold court, and many reasons to distill down to an election. I could go on and on and on, but let’s look into the market over the last week or so.

We continue to observe a rounding at the top of SFR inventory from this chart. From last week, we were actually down by a couple hundred Active Listings over the previous week. This should flatten and decline as we close 2024. Single-family inventory drives the residential market, and this is why we watch it very closely.

Moving to another subject, if you have residential real estate plans for 2025, this is the ideal plan to take an hour, sit down with us and discuss the formation of a plan. The new year will be upon us very quickly, and the more definitive your plan, the more likely it will unfold positively. After many years in the business, this market is all about timing, timing, timing.

We’ll see you soon! TheCryerTeam@Kentwood.com