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As rising mortgage rates push buyers to the brink, sellers are starting to cut prices

Housing Wire

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. The five metro areas with the highest percentage of listings with price cuts for the week ending Sept. According to the brokerage, 6.5%

Mortgages 497
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Debunking the housing inventory myth in preparation for 2023

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. No one quite expected the antiquated wheels of housing, powered by paper, to drive the COVID recovery, but drive it did with record-setting origination.

Investor 496
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What happens after the Fed’s rate hike?

Housing Wire

Over the weekend, The Wall Street Journal brought up this point — that the Fed is mindful that household balance sheets are much better now due to the excess savings built up during the COVID recovery and they might need to raise rates again or keep them high to trigger their job loss recession to fight inflation.

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Has the housing market peaked?

Housing Wire

This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Demographics still point towards a market with strong demand – the largest cohort of millennials, the largest generation in U.S. To register for the HW+ event, go here.

Marketing 369
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5 predictions for the 2022 housing market

Housing Wire

This article is part of our HousingWire 2022 forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. for 30-year fixed-rate loans.

Marketing 545
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SmartZip Review: Can data improve your prospecting game?

Housing Wire

It’s no secret that homeowners search online to find a listing agent who can sell their home quickly and for top dollar. SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market. But what if you could find them first?

Branding 362
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Our 19-point house-hunting checklist for real estate agents & their clients

Housing Wire

While buying a house is typically an exciting process for our clients, it can also be overwhelming. We can help them avoid common pitfalls and navigate the inventory to make the best decision for their unique needs and financial goals. I’d recommend reviewing it with them at your initial buyer consultation meeting.

Agents 388