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10 Housing Markets Cooling the Fastest in 2023

Broke Agent Media

Is your market heating up or slowing down this spring? The dichotomy of the current market has some areas seeing multiple offers flood in while others are experiencing a slower pace and a rise in seller concessions. So, which markets are cooling off the quickest? In turn, home sales remain low.

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

The Close

Standout sellers: Sellers (and their agents) must focus on marketing, repairs, and competitive pricing to stand out and snag offers. Preparation and presentation: Sellers should focus on depersonalizing and decluttering their homes to appeal to a wide range of buyers. What Does a Seller’s Market Look Like?

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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. An increasing number of agents are exiting the industry because of these roller coaster conditions. What’s ahead in 2023.

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

Realtor.com

After the COVID-19 pandemic-fueled homebuying rush reduced the number of homes for sale to all-time lows, the inventory of housing has since rebounded. more homes for sale in November compared with the same month in 2021. That translates to a whopping 240,000 more homes for sale on any given day in November.

Mortgages 120
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Tight inventory and frustrated buyers challenge agents in Virginia

Housing Wire

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I Out in Wise, Virginia, near the westernmost tip of the state, RE/MAX Cavaliers agent Brett Tiller and his clients are also struggling to find suitable properties.

Agents 415
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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 Last year we were still adjusting from the effects of the pandemic market, but now the trends seem to be getting back to our baseline, which is more like our 2019 market,” Smith said.

Marketing 406
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How Much Should I Budget to Sell My House? Here’s the Average Cost

HomeLight

Keep in mind that fees may vary widely based on your location, market conditions, and whether your home requires repairs before selling. We detail what costs you’re likely to incur and what sellers pay on average. We break down what the cost of a home sale could look like based on the average U.S. Cost to seller.