Sun.Sep 01, 2024

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Housing inventory falls as mortgage rates drop

Housing Wire

Have we seen the peak in housing inventory for 2024? The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023. I have consistently written that with mortgage rates above 7%, inventory should grow between 11,000-17,000 and this year it has happened six times perfectly in the channel.

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Seattle-area assisted living comes with a crushing price tag

Seattle Times Real Estate

Costs of assisted living can swallow life savings or deplete assets, and many run out of money eventually. For those without resources, there is little help.

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Lithium-Battery Fires

BubbleInfo

This is the third garage fire I’ve seen that was started by lithium batteries! Why are lithium-ion batteries flammable? Lithium-ion batteries store a lot of energy in a small amount of space. When that energy is released in an uncontrolled manner, it generates heat, which can turn certain internal battery components into flammable and toxic […] The post Lithium-Battery Fires first appeared on bubbleinfo.com.

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The Great Recession and California’s Housing Market Crash: A Retrospective

Marco Santarelli

The California housing market is often viewed as a bellwether for national housing trends, characterized by its dramatic fluctuations and steep price hikes followed by sharp corrections. Understanding the historical context of these movements can provide valuable insights for potential homebuyers, investors, and policymakers alike. The Great Recession and California's Housing Market Crash: A Retrospective The Building Blocks of a Boom California's housing market experienced a significant boom in

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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House prices and mortgage approvals hit new highs – has the market recovered?

Estate Agent Today

Average house prices and mortgage approvals hit new highs during the summer months, in a positive sign for the property market.

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Soaring insurance costs could ‘end’ affordable housing in some states

Seattle Times Real Estate

Costs are rising for homeowners of all types, and in states like Florida, Texas and California, it has become harder to get insurance at all. The problem is most serious in coastal states.

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RSF $100 Million

BubbleInfo

View this post on Instagram A post shared by NBC 7 San Diego (@nbcsandiego) A different realtor has had this listed for sale since 2020, priced at $98.5 million. The post RSF $100 Million first appeared on bubbleinfo.com.

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Will Mortgage Rates Go Down in 2024: Post September Forecast

Marco Santarelli

As we step into September 2024, the burning question on the minds of both prospective homebuyers and those looking to refinance is: Will mortgage rates go down in 2024 ? Yes, rates are gradually predicted to go down in the second half of 2024. However, understanding the landscape of mortgage rates can feel overwhelming, especially with fluctuating economic factors, recent inflation data, and Federal Reserve movements influencing the market.

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7 Easy, Affordable, and Renter-Friendly Upgrades That Add Value

BAM Media

Join us at BAM Mania October 17-18 for actionable insights from industry legends, proven strategies for marketing that puts people before algorithms, and addictive entertainment from the funniest people in real estate. Vegas will never be the same. Sign up now ! Across the U.S., legions of would-be homebuyers priced out of the housing market are renting for longer periods.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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On the house! Buyers name local pub as top amenity

Estate Agent Today

A local pub has been named as the most important lifestyle amenity when buying a home.

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Bay Area Housing Market: What Can You Buy for Half a Million?

Marco Santarelli

In the Bay Area housing market , the challenge of finding a suitable home for $500,000 can feel like navigating a labyrinth of uncertainty. With prices skyrocketing and demand outpacing supply, prospective homeowners often find themselves grappling with the question: What kind of home can you buy with $500,000 in this competitive market? Bay Area Housing Market: What Can You Buy for Half a Million?