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What’s New in ClarityNOW This Week

ClarityNOW : Feb 12, 2025 7:22:52 AM

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ClarityNOW Newsletter

We're thrilled to introduce our new weekly newsletter, designed to keep you informed, inspired, and ahead of the curve. In this week's newsletter:

This week in Real Estate:
90% of Markets Saw Home Price Gains in Fourth Quarter
Tips & Best Practices:
4 Strategies for Sticking to Your Business Plan
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This week in Real Estate:

90% of Markets Saw Home Price Gains in Fourth Quarter

In the fourth quarter of 2024, nearly 90% of U.S. metro areas experienced home price increases, with 14% of these markets seeing double-digit gains. The national median price for single-family existing homes rose by 4.8% year-over-year, reaching $410,100. The Northeast led regional growth with a 10.6% increase, followed by the Midwest at 8%, the West at 4%, and the South at 2.1%. Notably, Jackson, Mississippi, saw the highest surge at 28.7%, with significant increases also observed in Peoria, Illinois (19.6%), and Chattanooga, Tennessee-Georgia (18.2%). Despite these rising prices, housing affordability showed slight improvement, as the typical monthly mortgage payment decreased by 1.7% from the previous year. However, the ongoing price appreciation continues to pose challenges for renters aspiring to homeownership.

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Tips and Best Practices:

4 Strategies for Sticking to Your Business Plan

The article "4 Strategies for Sticking to Your Business Plan" from REALTOR® Magazine offers practical advice for real estate professionals to maintain adherence to their business plans. The four key strategies are:

Set Specific, Measurable Goals: Define clear objectives that can be quantified and tracked over time to assess progress.
Schedule Regular Check-Ins: Establish routine intervals to review your business plan and evaluate your performance against your goals.
Stay Accountable: Engage with mentors, peers, or accountability partners who can provide support and hold you responsible for your commitments.
Be Flexible and Adjust as Needed: Remain open to making necessary adjustments to your business plan in response to changing market conditions or personal circumstances.

Implementing these strategies can help real estate professionals stay focused and effectively achieve their business objectives.

Sources

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