"Realtor Bites Episode 2: Expanding Inventory with Chris Coccia" delves into the creative strategies real estate professionals are employing to combat the housing market's inventory shortage. This episode features insights from realtors Carolyn Bardach and Melissa Lynch, who discuss their dynamic approaches to encouraging sellers, particularly seniors, to put their homes on the market.

In the first episode of "Navigating the Real Estate Market," Chris Coccia, Carolyn Bardach, and Melissa Florance Lynch, seasoned real estate professionals with experience dating back to the 1990s, share their diverse perspectives on the current state of the real estate market. They discuss the challenges and opportunities presented by the market, including high interest rates, inventory issues, and the benefits for both buyers and sellers in this environment. Carolyn highlights the potential for buyers who are patient and persistent, emphasizing the opportunity to acquire properties that may need some care but can be valuable investments.

U.S. existing-home sales rose from a 13-year low, climbing 0.8% from the previous month and breaking a five-month streak in which sales declined, according to the National Association of REALTORS® (NAR). Despite the increase, sales were down 7.3% compared to the same period last year, as affordability challenges continue to hinder prospective buyers. Most of this period’s closed sales went under contract in October, when mortgage rates were at a two-decade high. With rates having dropped more than a full percentage point since then, existing-home sales may continue to pick up in the months ahead. 

• Single Family Closed Sales were down 12.7 percent to 1,456. 
• Townhouse-Condo Closed Sales were down 14.7 percent to 342. 
• Adult Communities Closed Sales were down 7.7 percent to 36.