Market Watch: 7 States Surpass Pre-Pandemic Inventory—Discover the Next 3 on the Rise!
The housing market is shifting, and rising inventory levels across key states signal opportunities for savvy investors. Seven states have already surpassed pre-pandemic inventory levels: Tennessee, Texas, Idaho, Florida, Colorado, Utah, Arizona, and Washington. Three more are close behind: Oklahoma, Alabama, and Oregon.
Why Inventory Matters for Investors
As inventory rises, markets that were once overheated may see home price growth cool, or even decline. This creates ideal buying conditions for investors who are ready to capitalize on these changes. Understanding which states are approaching pre-pandemic inventory levels is crucial for making informed investment decisions.
The Next 3 States to Watch
Oklahoma
Oklahoma stands out as a prime investment opportunity. With a combination of affordable housing and consistent population growth, the state is well-positioned for a rebound. Cities like Oklahoma City and Tulsa are experiencing rising inventory levels, which could lead to more favorable buying conditions for investors. As the market stabilizes, home prices may begin to cool, making this an excellent time for buyers to enter. Additionally, Oklahoma's low cost of living, robust job market, and increasing demand for housing make it a compelling choice for long-term investment. Those looking to capitalize on emerging markets should keep a close eye on Oklahoma’s evolving real estate landscape.Alabama
With booming sectors in Birmingham and Huntsville, Alabama's rising inventory could signal a temporary dip in prices, offering an entry point for investors seeking cash-flow properties in fast-growing markets.Oregon
Portland and other Oregon cities are seeing inventory return to normal. This could provide a rare opportunity for investors previously priced out during the Pandemic Housing Boom.
The Takeaway for Investors
With Tennessee, Texas, Idaho, Florida, Colorado, Utah, Arizona, and Washington already back above pre-pandemic inventory levels, and Oklahoma, Alabama, and Oregon on the brink, this is an opportune time for investors. Increased supply and tempered price growth in these states offer the chance to invest in growing, high-demand regions before the next surge.
If you’re interested in exploring investment opportunities in Oklahoma, the Justiz League Real Estate Team is just a message away. We’re here to help you navigate this evolving market and find the perfect investment for your portfolio.
Stay informed, time your investments, and position yourself for long-term success.
Sources: Realtor.com, ResiClub, Mortgage News Daily
Why Home Sales Are Stalling: Morgan Stanley Explains the ‘Lock-In Effect’ Impacting the Market
The housing market is facing a significant hurdle: the so-called “lock-in effect.” According to Morgan Stanley, this phenomenon is stalling the recovery of existing home sales, leaving many potential buyers, sellers, and investors in a state of uncertainty. But what exactly is the lock-in effect, and why is it having such a big impact?
What Is the Lock-In Effect?
Simply put, the lock-in effect occurs when homeowners are hesitant to sell their current homes because they’re locked into ultra-low mortgage rates. Many homeowners secured historically low rates during the pandemic when rates were between 2-3%. Now, with interest rates much higher, these owners fear that selling their homes would mean trading in their low mortgage rate for a much higher one. As a result, fewer existing homes are being put on the market.
For potential buyers, this means limited housing inventory, which drives up prices and intensifies competition. The affordability gap grows wider as fewer homes are available within a reasonable price range. Sellers are also stuck—they may want to move or downsize but are discouraged by the prospect of losing their low mortgage rate.
The Impact on the Housing Market
Morgan Stanley’s analysis explains that the lock-in effect is a key reason why the rebound in home sales is stalling, despite rising demand. This stagnation is especially troubling because the housing market typically relies on a steady turnover of existing homes. Without that turnover, it becomes harder for new buyers to enter the market, and overall activity slows down.
For investors, this is an opportunity to rethink their strategies. With fewer homes being sold, the rental market is becoming more appealing. Investors could benefit by focusing on rental properties or even considering smaller, more affordable housing options, such as tiny homes or ADUs (Accessory Dwelling Units).
The Road Ahead
So, what’s the future of the housing market with the lock-in effect in play? Until interest rates drop significantly, it’s likely that this trend will persist, keeping the market tight. However, this also presents an opportunity for creative solutions, whether through new construction, innovative financing options, or niche investments like tiny homes or short-term rentals.
The Justiz League Real Estate Team is here to help you navigate these challenges. Whether you’re looking to buy, sell, or invest, understanding the lock-in effect and its market impact is key to making informed decisions in this shifting landscape.
Curious about how the lock-in effect might affect your real estate plans? Let’s connect! For more insights, check out the full analysis from ResiClub Analytics here.
Affordable Living is Here! Discover How $30K Tiny Homes on Amazon are Changing the Housing Market
As housing prices skyrocket, many buyers, sellers, and investors are searching for creative and affordable solutions. Enter Amazon’s $30K tiny homes—yes, homes available at the click of a button. These compact, affordable units are reshaping the housing landscape, offering buyers a more accessible path to homeownership, and creating unique opportunities for sellers and investors alike.
The Appeal of Tiny Homes
Tiny homes, once seen as a niche market, are now gaining mainstream attention due to their affordability and practicality. Priced as low as $30,000, these homes provide a viable alternative to traditional housing for those who might otherwise be priced out. With housing inventory shrinking and the affordability crisis continuing to grow, tiny homes offer a fresh solution. For potential buyers, this is a game-changer—a way to step into homeownership without the burden of massive mortgage payments or hefty down payments.
Why Sellers and Investors Should Pay Attention
For sellers, tiny homes offer an opportunity to enhance property value. Think about it: adding a tiny home to your existing property could serve as a rental unit or a separate living space for family, increasing both versatility and value.
For investors, tiny homes are an innovative investment option. With a relatively low upfront cost, they allow for portfolio diversification, appealing to a wide range of tenants, from retirees to eco-conscious renters. You could rent out these tiny homes as vacation properties, create tiny home communities, or even use them as ADUs (Accessory Dwelling Units) on larger plots.
The Future of Housing
With Amazon now offering $30K tiny homes, the housing market is showing signs of evolution. These homes are not just affordable but energy-efficient and customizable, making them a smart choice for first-time homeowners, downsizers, or even those seeking a second property. This shift signifies a broader trend toward more flexible and sustainable housing options.
At the Justiz League, we’re staying ahead of these exciting developments in the market. Whether you’re a buyer, seller, or investor, tiny homes represent a fresh opportunity to adapt to a changing housing landscape.
Curious about how tiny homes can fit into your real estate strategy? Let’s chat! For more detailed insights, check out the full article from ResiClub Analytics here.
Oklahoma's Relief Efforts for Hurricanes Helene and Milton
(Photo by Sean Rayford/Getty Images)
In times of natural disasters, the strength of community and compassion often shines the brightest. As Hurricanes Helene and Milton have wreaked havoc across various regions, Oklahomans have once again demonstrated their commitment to helping those in need. The state has mobilized a significant relief effort to assist communities impacted by these storms, showcasing the resilience and solidarity that define the heart of Oklahoma.
Oklahoma Steps Up: A Comprehensive Relief Effort
In response to the devastation caused by Hurricane Helene, Oklahoma has dispatched a range of vital resources to assist affected areas. As reported, the state has sent a helicopter rescue unit, water rescue teams, emergency operations personnel, urban search and rescue units, and a public health team. This multi-faceted approach emphasizes Oklahoma's dedication to providing immediate support to those facing the challenges of recovery.
The Impact of Relief Efforts
The aid being sent is crucial for areas grappling with the aftermath of Hurricanes Helene and Milton. Communities affected by these storms face immediate challenges, from damaged infrastructure to health concerns. The deployment of specialized teams—such as urban search and rescue units—ensures that critical needs are addressed promptly, enhancing the chances of swift recovery for those impacted.
Furthermore, Oklahoma's public health team is on the ground to assist in mitigating any health-related issues arising from the disaster, highlighting the comprehensive nature of the relief efforts. By combining resources and expertise, Oklahoma is not only providing immediate relief but also fostering long-term recovery.
Conclusion
Oklahoma's response to Hurricanes Helene and Milton is a testament to the state's unwavering commitment to helping those in need. The swift action taken by local leaders and community members illustrates the profound impact of unity and support during challenging times. As Oklahomans come together to aid their neighbors, it serves as a reminder that compassion knows no boundaries.
For those looking to lend a hand, every effort counts. Together, we can help rebuild and restore hope for all affected by these devastating storms.
Source: The Oklahoman - Hurricane Milton sends aid to Helene, Louisiana
How will we find a home when they are so few available?!
If you're thinking about buying a home but worried about the low inventory, you're not alone. Many buyers are asking: "How will we find a home when there are so few available?" The good news is, there are ways to find hidden opportunities, even in a tight market. Here’s what the Justiz League Real Estate Team focuses on for our buyers:
1. Loosen Your Search Parameters
Flexibility can open up new possibilities. For example, if you’re set on a 3-bedroom home, consider looking at 2-bedroom homes with a bonus room that could be converted into a third bedroom. You might be surprised at what options become available with a slight adjustment to your criteria.
2. Off-Market Finds
Not every home for sale is listed online. By tapping into our strong local network, we uncover off-market homes being sold by word of mouth—giving you access to properties others might miss.
3. Expired Listings
Homes that didn’t sell when previously listed can still be available. We proactively reach out to see if the homeowners are open to selling, offering you another option in a competitive market.
4. Homes Not Yet for Sale
Sometimes, a home isn’t listed today, but that doesn’t mean it won’t be soon. In low-inventory markets, we’ll send letters to homeowners in neighborhoods you’re interested in, potentially finding homes that haven’t hit the market yet.
Conclusion: We’ll Find a Way
Even in a challenging market, there are strategies to find the right home. If you're ready to start your search, reach out to the Justiz League Real Estate Team—we're here to help you find your next home!