From Rochester,

SchoolHouse.Roc - Integrated Learning Systems @house.roc

“January 12th, 2025.

Agent 003:

This memo contains an in-depth analysis for the mission you are assigned to complete.

A Mission Given, is a Mission Accomplished.

The value you provide to this mission is your foundation and needs to be the focus of your plan and actions. 

SchoolHouse.Roc - Integrated Learning Systems @house.roc

DOM at 7... 111% list to sales price ratio. Inventory down from the same time as last year. Expired listings, down from last month, closed units down, months supply inventory is still below 1 month. Keep in mind that a "balanced market" would be 4 months supply of inventory, and we haven't had that locally in over 8 years. This data becomes relevant because the national headlines will differ from our local headlines. I track showing activity every 2 weeks for the "affordable" price points in the Rochester Market. Since my last letter, showing activity has declined. Take action.

SchoolHouse.Roc - Integrated Learning Systems @house.roc

Mortgage interest rates have just remained in limbo for the last couple of weeks and continue to hover around 7% with FED waiting for key economic data to be reported in the upcoming months. Predictions have evolved to possible no rate cuts from the FED at all. Friday saw a key economic report released with the jobs/unemployment data that came out mixed overall with unemployment dropping but less jobs created than what was expected. So far the market has treated the report as neutral and not a market mover, and they are quickly turning their focus to the inflation/CPI data. Lower inflation could cause some slight downward pressure on mortgage rates, but nothing significant at this point.

SchoolHouse.Roc - Integrated Learning Systems @house.roc

The hot real estate industry topic for 2025 is the “Clear Cooperation” rule. The debate has 2 sides - one side wanting to figure out how to allow for a private off-market type of marketing and listing strategy, and the other siding with the requirement for agents to list a property on the open market via the MLS. Major Industry players are locked in and making moves. Make sure that you have multiple strategies when advising a client. You must be prepared to present and execute a variety of different strategies for any given situation.

SchoolHouse.Roc - Integrated Learning Systems @house.roc

We appreciate the attention you have given “THE CRISIS” in the Rochester Real Estate Market. Your column is always worth reading.

“M”

*The following advice is intended for mature audiences. The purpose of the column is to empower, educate and entertain. Woman portrayed not a real Oracle. Contact for more information.

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I am Real Estate agent licensed in the State of NY with Keller Williams of Greater Rochester.