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A San Diego data dive shows a market upended by tight supply

Housing Wire

The data examined below represents multiple listing service data and mortgage market analytics for San Diego County, as well as the state of California and the country as a whole from 2019 to 2023. percentage points in market share, albeit with a setback in 2023. The number of listings in San Diego fell 50.5%

Marketing 399
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Boston is the nation’s hottest housing market

Housing Wire

Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb. Altos considers anything over 30 to be a seller’s market.

Marketing 464
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Don’t get too excited about the jump in existing home sales

Housing Wire

From NAR: First-time buyers were responsible for 28% of sales in January; Individual investors purchased 17% of homes; All-cash sales accounted for 32%; Distressed sales represented 2% of sales; Properties typically remained on the market for 36 days in January.

Sales 423
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Santa Monica: An unexpected haven for first-time buyers

Housing Wire

Real estate professionals in Santa Monica attribute the increased share of first-time buyers to having fewer move-up buyers in the market. The influx of first-time buyers in the Santa Monica housing market has resulted in frequent bidding wars on lower price point properties. So what was already a tight market is now even tighter.”

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Residential real estate activity picks up despite low inventory

Housing Wire

Boston – Contacts around the District attribute the still-low sales numbers to low inventories more than to weak demand, as slightly lower mortgage rates have helped bring more buyers to the market. New York – The residential sales market has been strong across the District.

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DataDigest: How hot is housing? Three ways to tell

Housing Wire

How hot is the housing market? Federal Housing Finance Agency and the MSA-level “hotness” scores from Realtor.com. It is a more timely view of these markets, with August as the most recent available data.

Finance 391
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Gilbert Housing Market: Prices, Trends, Predictions 2023

Marco Santarelli

The Gilbert housing market is currently experiencing a slight cooling, with home prices down 0.25% compared to last year. However, the Gilbert housing market is still relatively strong, with homes selling quickly and for good prices. This is down from 37 days on market in August 2022. over the past year.