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The 2023 housing market is at odds with itself

Housing Wire

On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. On the other hand, inventory is still low, and homes are still selling fast, often with multiple offers. Home shoppers who are waiting to score a deal are going to be disappointed in 2023.

Marketing 391
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How the housing market will evolve in 2023

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After two years of runaway home prices, the Federal Reserve stepped in to reverse engineer rampant inflation, and it has been utilizing the housing market as one of the main economic engines to achieve its objective. They eased below 6.5% in September 2022.

Marketing 414
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Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

Sure, certain seasons might have more foot traffic than others, but the housing market could vary drastically from neighborhood to neighborhood. Key Takeaways: Buyers have leverage: Buyers have more power in a buyer’s market—which means better negotiation terms. Pricing can fluctuate rapidly in a seller’s market.

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Vancouver WA Housing Market: Prices, Trends, Forecast 2023

Marco Santarelli

Report on Vancouver, WA Housing Market Trends in 2023 The Vancouver, WA housing market has shown positive trends in 2023, with the median listing home price in January 2023 is $489K, which is a 2.9% The median listing home price per square foot was $278, indicating that the cost of living space has also gone up.

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What You Need to Know About Buying or Selling a Home in Baltimore

Realty Biz

Buying or selling a home is a major life decision. According to this article , the median sale price of a Baltimore home in July 2021 was roughly $225,000. This means that half the homes sold for more than $225,000 while the other half sold for less. The Important Figures.

Staging 81
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How Is The Resale Condo Market In The GTA?

Toronto Realty Blog

You don’t want to hear about our recent east-side sale that fetched $200,000 more than it was listed at with another agent last fall. Houses will drop in price by 50%. Maybe more, if you ask the really dedicated market bears. But I don’t believe that the “average” home is worth 5.3%

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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

These employee agents are exceedingly more productive than the average independent contractor agent. They are also more diligently responsive to leads – and perhaps to each other. “We Redfin CEO Glenn Kelman. Grace Alipour spoke loudly into the phone over the cries of her two-year-old being strapped into a car seat. “I

Brokerage 361