Episode description

Welcome back for the Q4 Market outlook for 2024! We’ll explore what is coming up this 4th quarter of 2024, and what 2025 may look like. We will share our predictions for the upcoming months, leveraging our track record of accurate forecasts and understanding of market cycles in the inspection industry.

Curious about the real estate market’s latest twists and turns? This episode dives into the recent drop in interest rates to 6.09%, yet highlights the ongoing financial struggles for homebuyers due to low inventory and high prices. We dissect the broader economic implications providing you with a comprehensive analysis of what to expect in the housing market. Despite challenges, there’s a silver lining: more real estate transactions now include inspections, which translates to growing trust and necessity for these services.

How will our younger generations reshape the housing market? We take a deep look at the generational shift in attitudes toward homeownership among millennials and Gen Z. Their inclination towards renting, tiny houses, and alternative lifestyles might just increase housing inventory and lower home values in the long run. Discover the importance of direct-to-consumer marketing, especially through social media, to engage these next-gen buyers. We also discuss the challenges and strategies to adapt to modern marketing techniques, ensuring you stay ahead in this ever-evolving market landscape. Don’t miss out on this episode brimming with valuable insights for anyone involved in home inspections and real estate!

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*The views and opinions expressed in this podcast, and the guests on it, do not necessarily reflect the views and opinions of Inspector Toolbelt and its associates.