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Buyers are being picky — here’s how you can navigate it as a real estate agent

Housing Wire

While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers.

Agents 411
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Residential real estate activity picks up despite low inventory

Housing Wire

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. A strong economy and relatively high mortgage rates have pushed some movers to the rental market, boosting demand.

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Local housing markets: Othello, Osage Beach and Vienna

Housing Wire

mortgages to take on a 6% mortgage, so I have been telling my agents to get used to these numbers for a while.” According to LaHayne, the local housing market is quite different depending on what price point you are looking for. According to Samson, properties his team lists are getting anywhere from three to 17 offers each.

Marketing 297
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Mortgage Rates Dip Further—So Why Are Home Prices Still So High? The ‘Sticky’ Problem, Explained

Realtor.com

But this week’s data is a signal that single-digit home price growth may not be seen before the new year.” Mortgage rates. But will these lower mortgage payments spur any buyers to make an offer? Some are looking to new construction to find the types of home features missing on the dusty listing pages.

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2023 Housing Market Year In Review: A Market Ruled by Mortgage Rates

Redfin

18 housing trends that defined the year, including record mortgage rates, depleted inventory, and dwindling home sales 2023 was a difficult year for the housing market. In short: Record mortgage rates, high inflation, and persistently high housing and rental prices. Seasonal trends buckled. So what happened? a Redfin company.

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Our 19-point house-hunting checklist for real estate agents & their clients

Housing Wire

Before meeting with a mortgage lender, buyers should have a clear picture of their finances. Offers are more likely to be accepted when the buyer’s agent can assure the listing agent that the lender has successfully closed other deals with them before. Meet with a financial advisor. Be aggressive in your negotiation strategy.

Agents 388
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2022 Housing Market Year In Review: Looking Back on a Historic Year

Redfin

17 housing trends that defined the year, including record home prices and sky-high mortgage rates. The 2022 housing market was nothing short of remarkable. For the first time in history, mortgage rates doubled in the span of just one year. Mortgage rates ballooned to nearly 7% in response to record inflation.