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Category: Trends

Learn more about Memphis real estate.

2024 Real Estate Market Recap: Key Trends and Insights

December 31, 2024

The 2024 real estate market was characterized by dynamic shifts, influenced by fluctuating interest rates, evolving buyer preferences, and regional disparities. This comprehensive overview delves into the year’s most significant trends, supported by pertinent statistics and expert insights. Interest Rate Volatility At the outset of 2024, industry forecasts anticipated a gradual decline in mortgage rates. Contrary to these expectations, rates experienced a notable surge during the spring buying season, reaching unprecedented highs that deterred many potential buyers. This volatility underscored the market’s sensitivity to economic indicators and monetary policies. CoreLogic® Fluctuations in Home Sales Despite the challenges posed by rising interest rates, the market exhibited resilience in certain segments. In November, pending home sales in the U.S. climbed by 2.2%, marking the highest level in 21 months. This uptick was particularly evident in the Midwest, South, and West regions, while the Northeast experienced a decline. Year-over-year, contract signings increased by 6.9%, indicating sustained buyer interest despite financial hurdles. Reuters Regional Disparities The real estate landscape in 2024 was marked by significant regional variations. Affordable areas such as Northern Ireland, the North, and West Midlands witnessed the most substantial price growth, while pricier regions lagged. This trend highlights the ongoing demand

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The Latest Builder Trend: Smaller, Less Expensive Homes

September 25, 2024

Even though affordability is improving, buying a home can still feel tough right now. But here’s some good news: builders are focusing their efforts on building smaller homes, and they’re offering key incentives to buyers. And both of these things can be a big help if you’re worried about finding a home that’s right for your budget. Builders Are Building Smaller Homes During the pandemic, homebuyers were looking for larger homes—and many could afford them. Builders responded to that demand and created bigger spaces to help people with things like working from home, setting up home gyms, and having extra rooms for virtual school. Now, with affordability as tight as it is, builders are turning their focus to smaller single-family homes. Data from the Census shows how significant this trend toward smaller new homes has been over the last couple of years (see graph below): But why would builders want to build smaller homes right now? At the end of the day, builders are going to focus on building homes that meet current market demand – because they want to build what they know will sell. And the number one thing homebuyers are looking for right now is better affordability.

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You're Invited to the Grand Opening of Southbranch

December 7, 2023

Meridian Premier Homes invites you to the grand opening of Southbranch, our newest community in Olive Branch, Mississippi, on December 13. This is your chance to tour our model home and experience the quality of our construction for yourself. See flyer for details.

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Remote Work Is Changing How Some Buyers Search for Their Dream Homes

November 14, 2023

The way Americans work has changed in recent years, and remote work is at the forefront of this shift. Experts say it’ll continue to be popular for years to come and project that 36.2 million Americans will be working remotely by 2025. To give you some perspective, that’s a 417% increase compared to the pre-pandemic years when there were just 7 million remote workers. If you’re in the market to buy a home and you work remotely either full or part-time, this trend is a game-changer. It can help you overcome some of today’s affordability and housing inventory challenges. How Remote Work Helps with Affordability Remote or hybrid work allows you to change how you approach your home search. Since you’re no longer commuting every day, you may not feel it’s as essential to live near your office. If you’re willing to move a bit further out in the suburbs instead of the city, you could open up your pool of affordable options. In a recent study, Fannie Mae explains: “Home affordability may also be a reason why we saw an increase in remote workers’ willingness to relocate or live farther away from their workplace . . .” If you’re

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This information is deemed reliable but not guaranteed. Please contact Meridian Premier Homes to learn more about what properties are for sale and for current real estate information. Equal Housing Opportunity: Equal Opportunity Employer. It is illegal to discriminate against any person because of race, color, religion, sex, handicap, familial status, or national origin.We are committed to making this website compliant with the Americans with Disabilities Act. We wish all of our visitors to be able to easily access our services. Accessibility and usability are not always possible in every area of the website or for those visitors using assistive technologies and devices. If, at any time, you have specific questions or concerns about the accessibility of any particular page, please contact us. Meridian Premier Homes. Privacy Policy | Consent Preferences.

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