{"id":1294461,"date":"2024-02-01T12:14:59","date_gmt":"2024-02-01T18:14:59","guid":{"rendered":"https:\/\/ktbb.com\/post\/?p=1294461"},"modified":"2024-02-06T13:00:23","modified_gmt":"2024-02-06T19:00:23","slug":"2024-is-predicted-to-be-a-great-year-for-east-texas-homebuyers","status":"publish","type":"post","link":"https:\/\/ktbb.com\/post\/?p=1294461","title":{"rendered":"2024 is predicted to be great for homebuyers"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ktbb.com\/post\/wp-content\/media\/2024\/02\/tylercityof-140x175.png\" alt=\"\" width=\"140\" height=\"175\" class=\"alignnone size-medium wp-image-1294462\" srcset=\"https:\/\/ktbb.com\/post\/wp-content\/media\/2024\/02\/tylercityof-140x175.png 140w, https:\/\/ktbb.com\/post\/wp-content\/media\/2024\/02\/tylercityof-280x350.png 280w, https:\/\/ktbb.com\/post\/wp-content\/media\/2024\/02\/tylercityof.png 300w\" sizes=\"auto, (max-width: 140px) 100vw, 140px\" \/>TYLER &#8211; Officials said the effects of inflation are beginning to dwindle in the market. This year\u00e2\u20ac\u2122s chair for the Greater Tyler Association of Realtors, Shannon Franzen, said inventory is up in most counties surrounding Tyler. According to our news partner KETK in previous years, there was only a 1 month supply of homes. This number tells you how many months it would take for all the current homes for sale on the market to sell, given a monthly sales volume. \u00e2\u20ac\u0153We\u00e2\u20ac\u2122re at a 4.4, so it\u00e2\u20ac\u2122s just in a much healthier place,\u00e2\u20ac\u009d Franzen said. On top of that, interest rates are lower now than they were in 2023, and Franzen said they could get even lower this year. <!--more--><\/p>\n<p>\u00e2\u20ac\u0153We had a jump, it went up in the 7\u00e2\u20ac\u2122s and 8\u00e2\u20ac\u2122s in July, August, late summer\u00e2\u20ac\u00a6interest rates have kind of settled right now in the 6\u00e2\u20ac\u2122s,\u00e2\u20ac\u009d she explained. Franzen says there could be a new projection this year. \u00e2\u20ac\u0153So there is also a prediction that there is a pent-up demand and that going into this first quarter, if interest rates drop some, those buyers that have been waiting can jump back into the market and really get things moving again,\u00e2\u20ac\u009d Franzen said. She encourages residents to use a local realtor to find the best lenders. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>TYLER &#8211; Officials said the effects of inflation are beginning to dwindle in the market. This year\u00e2\u20ac\u2122s chair for the Greater Tyler Association of Realtors, Shannon Franzen, said inventory is up in most counties surrounding Tyler. According to our news partner KETK in previous years, there was only a 1 month supply of homes. This &hellip; <a href=\"https:\/\/ktbb.com\/post\/?p=1294461\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">2024 is predicted to be great for homebuyers<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":1294465,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/ktbb.com\/post\/wp-content\/media\/2024\/02\/tylercityof-140x175.png","fifu_image_alt":"2024 is predicted to be a great year for East Texas homebuyers,","footnotes":""},"categories":[177],"tags":[],"class_list":["post-1294461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-news-archive-archives"],"publishpress_future_action":{"enabled":false,"date":"2026-06-12 14:06:23","action":"change-status","newStatus":"trash","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"fifu_image_url":"https:\/\/ktbb.com\/post\/wp-content\/media\/2024\/02\/tylercityof-140x175.png","fifu_image_alt":"2024 is predicted to be a great year for East Texas homebuyers,","_links":{"self":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1294461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1294461"}],"version-history":[{"count":3,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1294461\/revisions"}],"predecessor-version":[{"id":1294620,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1294461\/revisions\/1294620"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/media\/1294465"}],"wp:attachment":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1294461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1294461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1294461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}