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Record mortgage rates killed existing home sales in November

Housing Wire

In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” Lawrence Yun, NAR’s chief economist, said in a statement. On a yearly basis, existing home sales are down 35.4%. “In million homes, which represents 3.3

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St. Louis Real Estate Market: Prices | Trends | Forecast 2021-2022

Marco Santarelli

However, the number of new listings in the St Louis market is outpacing the number of closed sales, a reversal of the trend we saw until recently. As the report below shows, there were 2,311 new residential listings in August 2021 and 2,106 closed sales. Instead, the Saint Louis metro housing market includes 2.8 million people.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

How else would you and your clients understand how much is being paid in principal and interest over the years? Days on market (DOM). As a seller’s agent, you’re counting the days a listing is on the market. Agents might also be less motivated to market the property since they are not guaranteed a commission.

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20 Best Cities To Invest In Real Estate In 2021

Marco Santarelli

Investors have a choice of targeting the long term residential or holiday markets with their properties. While improving the Orlando real estate market and flourishing tourism are two of the most important reasons behind Orlando’s economic stability, these two industries have a lot to gain from the successful economy.

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How Do I Sell My House? Top Methods, Main Steps, and a Checklist

HomeLight

You’ll also want to calculate your equity — the value of your home minus the total principal owed on your mortgage, if applicable. Their average days on market: How fast an agent sells homes compared to the area average and to their peers is an indication of how quickly they’re able to find buyers and their marketing skills.

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Flat Fee MLS Companies in North Carolina to Sell Your FSBO Home

HomeLight

While the market is slowly cooling – or normalizing – home prices remain steady in many North Carolina cities and median days on market are relatively low, although today that can mean a week or two versus a day or two earlier this year. If you accept the offer, you can close in as few as 10 days.

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San Antonio Real Estate Market & Investment Overview 2020

Marco Santarelli

Rising prices may keep some from participating in the market, high property taxes can deter the expected growth, but the reality is San Antonio continues to rank as one of the best places to live across the country. With 2020 being, theoretically, in the middle of a boom, there are still 4 years for residential construction to surge.

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