Surviving a Tightening Credit Market | July 2023 Poconos, PA Housing Market Update
Imagine being ahead of the curve, armed with knowledge about the latest shifts in real estate market trends. That’s what you’ll get when you tune in to our comprehensive discussion on the Pocono Mountains real estate market. We unravel the complexities of the decrease in listings, the increase in median list prices, and the correlation of these factors with the absorption rate and days in the market. We highlight the drop in cumulative days of the market from 72 to 49 since April 2022 and delve into the implications of the majority of sales falling within the $200,000 to $399,000 price range. Brace yourself for an intriguing expose on why sales decreased from $429,000 to $287,000 between July 2022 and July 2023.
As we venture into the second half of our exploration, we issue a timely warning about the potential impacts of the recent Senior Loan Officer report. Do you know the implications of a tightening credit market on commercial and residential real estate? Are you prepared for what some experts are calling a ‘red October’? We’ll guide you through the potential challenges that owners of multifamily and office assets may face when refinancing in the current credit environment. Furthermore, we underline the importance of anticipation in navigating these turbulent times. Our conversation underscores the significance of being prepared and proactive, providing you with insights and strategies to thrive in this market. Trust us, you don’t want to miss out on this episode!
WATCH THE YOUTUBE VIDEO HERE:
https://youtu.be/SWjblG7L-OU
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