State of the Market Report

State of the U.S. Market

Christina & David Di Filippo here with an update on the housing market.

First off…this is our first blog and we are so excited to have you here with us!!  Our goal the first Tuesday of every month is to provide a market update and then feature properties and other informative housing info later in the month.  On Fridays, we look forward to having you join us for local events, reviews of our favorite books, restaurant reviews, our own personal favorite recipes, or even current adventures that we are pursuing.

If there are ever any questions or anything you would want additional information on, absolutely do not hesitate to reach out with your questions.  You can reach Christina at 304.545.6364 and David at 304-550-7036. We look forward to your comments, questions, and requests.

And without further adieu, here we go with the start of 2024:

In 2023, there were fewer than four million real estate transactions — the lowest number of homes sold in the last thirty years.

In 1993, we had just 260 million people living in the U.S. Now we have 340 million. So last year was a record low. That’s why there is huge pent-up desire for people to move in 2024.

The number one age group that wants to make a move is millennials. There are 72 million of them. 45.5 million are between the ages of 26 and 35. 26 is the typical age when people move out of their parents’ home, and 35 is when they become first-time buyers.

This is the largest number of potential buyers in U.S. history.

If you’ve been thinking about making a move, now is the time to talk through the unique opportunities in this market.

We are grateful to be your trusted advisor for all your real estate needs.

Cheers & All the Best!,

The Di Filippo’s