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10 Housing Markets Cooling the Fastest in 2023

Broke Agent Media

metros with housing markets that have cooled down the fastest from February 2022 to February 2023. Housing markets in tech hubs and pandemic hotspots are cooling the fastest this year, while markets in Connecticut, New York and areas in the Midwest are holding up the best. Is your market heating up or slowing down this spring?

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

The Close

In real estate, the market is tied to the basic economic rule of supply and demand, which determines if a market is a buyer’s market vs seller’s market. Sure, certain seasons might have more foot traffic than others, but the housing market could vary drastically from neighborhood to neighborhood.

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Rising insurance costs, ample inventory create a unique market in Southwest Florida

Housing Wire

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I There is also some pent-up desire to sell being released by a steadier interest rate environment and an overall slower market.

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Home Prices Fall and Listings Soar: Could It Be a Great Time To Buy Despite High Mortgage Rates?

Realtor.com

Getty Images As the housing market barrels toward the end of the year and all of its holiday trimmings, potential homebuyers are likely wondering what’s in store for the coming season. Homes are simply sitting—and sitting —on the market, ballooning the total number of homes for sale.

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A top agent’s take on 2023 housing trends

Real Trends

Real estate is a roller coaster for most agents: tough market conditions, personnel issues and fierce competition can leave any agent or other entrepreneur feeling defeated. Struggling agents may try to partner up and deliver better value to their clients to remain competitive in this tech-focused market. What’s ahead in 2023.

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Tight inventory and frustrated buyers challenge agents in Virginia

Housing Wire

The slightly more upscale single-family listings for move-up buyers with children looking for their forever home just aren’t coming on the market right now, and demand is still very high.” For Matt Salway in the Virginia Beach metro area, the tight inventory conditions are creating a rather hot market.

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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. Below are trends, data points, and visuals that defined the 2023 housing market. The market was extraordinary; it felt hot, even though very few homes changed hands.”