June’s news letter
June’s arrived faster than my morning coffee disappears—poof! And guess what’s hotter than a BBQ grill? Our sizzling June newsletter, fresh off the digital press created just for you. Keep reading for everything you need to know about June in Monahans.
📺 What the news won’t tell you about
the housing market
For sellers: In March 2024, U.S. home prices were up 4.8% compared to last year, selling for a median price of $420,321. While today’s rates are high compared to pandemic times, lower inventory is still keeping sellers in the driver’s seat in most markets.
For buyers: In the April meeting, the Fed decided not to introduce rate cuts, however, experts predict a 50% probability that come September 2024, they could be on the agenda. Until then, as home inventory increases we could see downward pressure on price, benefitting buyers.
Source: Houzeo, Should I Sell My House Now or Wait? (Update 2024)
🏡 The most requested home feature in 2024
The results are in…
Based on a recent survey from Frontdoor, here’s a snapshot of the most desirable home features -room by room- in 2024.
Kitchen: Granite or quartz countertops, recessed lighting, walk in pantry, and a double oven for easy meal preparation.
Living Room: Hardwood, large windows, and an open floor plan for seamless living.
Primary Bathroom: A soaking tub, walk-in shower, double sink vanity and a walk-in closet.
Eco-Friendly Features: Smart lighting & thermostat, EV charging, solar panels, and a tankless water heater.
Throughout: Natural light, en suite bathrooms, and storage, storage, storage.
✅ June Home Maintenance Checklist
✓ Service your air conditioning unit to keep it running smoothly all summer long.
✓ Take a close look at your fence. Fix any holes or loose nails; paint or stain if necessary to prevent weathering.
✓ If mosquitoes are nuisances, hire a pest control company to spray your yard.
✓ Check for leaky pipes or stagnant water around your home.
✓ Check the sprinkler system for leaks or the lawn to identify spots that need some love.
✓ Maintain your pool or spa by cleaning filters, testing water chemistry, and ensuring proper filtration.
Have questions about real estate?
Whether you’re interested in purchasing your first home, moving up, downsizing, or investing, I am here to be a resource to you.