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You can’t buy what’s not for sale in the housing market

Housing Wire

In other words, it’s a diverse market with a wide variety of different homes of varying ages and levels of repair, and sales happen very rarely. To buy a new home, you must sell the home you already own. To buy a new home, you must sell the home you already own.

Sales 394
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How ChatGPT can help you work more efficiently and generate more leads

Housing Wire

years to reach one million users, Facebook ten months and Spotify five months. In two months after that, ChatGPT reached 100 million active monthly users. ChatGPT Plus provides access during peak times and first access to new features. We will get to examples in more detail later in this article.

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Will we start 2022 with all-time lows in housing inventory?

Housing Wire

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. 2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy.

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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

The last two years have been a wild ride. We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply.

Mortgages 482
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7 best real estate schools in Massachusetts for 2024

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. We’ve researched the best online programs to help you quickly complete the 40 hours of prelicensing classes required by the Commonwealth of Massachusetts.

HR 381
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Hot Off the Press: What Today’s Housing Numbers Mean for You & Your Clients

The Close

The real estate housing market numbers, month over month, reflect incremental increases in inventory and median price, which have resulted in an incremental decrease in sales activity. Existing sales slipped 2.2% from last month, but sales are down 16.6% from this time last year. Existing sales slipped 2.2%

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Why an Economic Downturn Represents the Best Time to Invest in Real Estate

The Close

Despite this, many agents have a hard time persuading would-be investors that a downturn is the right time to jump into the real estate market and start investing. According to the National Association of Realtors’ latest existing-home sales data , sales are down 23.2% from this time last year.

Investor 116