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Days on market grow despite low inventory for existing homes

Housing Wire

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. The Federal Reserve wanted to see the bidding wars end and the days on the market grow.

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Don’t get too excited about the jump in existing home sales

Housing Wire

We got a great existing home sales report on Thursday, but is this data already too old? Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. However, the last four weeks have had negative trending data.

Sales 459
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Housing inventory falls under 1M again as sales collapse

Housing Wire

And existing home sales crashed in 2022 from a peak of around 6.5 housing market , we just experienced an event that most people never thought could happen. However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.” The days on market were too low.

Sales 540
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Selling a House ‘As Is’ in Louisiana

HomeLight

However, it’s important to note that selling a house “as is” usually means accepting a lower offer than if you sold on the traditional market. As is” is a type of home sale where it’s understood that no improvements will be made to the property. You typically won’t label a home in pristine, move-in-ready condition as an “as is” sale.

As-is 75
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Existing home sales are still savagely unhealthy

Housing Wire

The savagely unhealthy housing market is continuing as we get closer to August. We still have the unhealthy dynamics of noticeable sales declines, but prices are still growing year over year. The National Association of Realtors reported that existing home sales fell last month while prices increased yearly. Sales were down 5.4%

Sales 512
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Record mortgage rates killed existing home sales in November

Housing Wire

Existing home sales slid for the 10th consecutive month in November, as homebuyer demand continued to cool. The seasonally adjusted sales rate for existing homes fell 7.7% On a yearly basis, existing home sales are down 35.4%. On a yearly basis, existing home sales are down 35.4%. “In million homes, which represents 3.3

Sales 372
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Does Days on Market (DOM) Matter in Real Estate

Realty Biz

Days on Market, also known as DOM, is a widespread commercial term, which applies to all markets and products, be it a cake, a pair of shoes, or a real estate item. This concept has everything to do with the idea of “freshness” or actuality that any type of product has on a specific market. DOM on The Real Estate Market.