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Why are existing home prices rising when sales are still so low?

Housing Wire

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8%

Sales 483
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Housing Market Tracker: Inventory is negative YOY

Housing Wire

Then in a short amount time, we had the biggest and fastest mortgage rate spike in history, which facilitated the biggest one-year crash in home sales in history, which helped inventory grow faster than normal in 2022. We had new listings growth from 2021 to 2022, but that’s not the case this year.

Marketing 450
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Push button. Get CEO? What’s next for Rocket

Housing Wire

That was new back then. Get Mortgage,” campaign, has forced Rocket Companies , the parent of Rocket Mortgage, to show the same adaptability in finding a new leader. And the new leader will have to do so as the company attempts to transition from a refi-reliant mortgage lender into a multi disciplined fintech. Learn quickly.

Loans 378
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July TRREB Stats: School’s Out For Summer

Toronto Realty Blog

We drove back home from Honey Harbour last Friday at 11:00am and the traffic heading north was bumper-to-bumper already ! I was Googling this simply as a formality; like checking eBay for new 1933 O-Pee-Chee hockey cards every night before bed! It was volume I wanted to see; sales volume, that is. ” Wow.

Sales 90
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9 Reasons To Buy A Home In The Fall

Realty Biz

Reasons To Buy A Home In The Fall. Over the last few years, the fall season has also become a popular time to sell a home. While spring still remains the most popular season for selling a home, there are plenty of reasons to try and buy a property in the Autumn of the year. The fall season is usually full of major changes.

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Is It The Private Sector’s Job To Build Affordable Housing?

Toronto Realty Blog

It’s nothing new. Over the last year, I have noticed an increasing number of newspaper articles, opinion pieces, or quotes on social media that seem to “blame” the private sector for the housing crisis. TorontoRealtyBlog I’ll be honest: I wasn’t sure how to begin today’s blog post.

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What’s On Your Real Estate Mind For 2024? (Pt2)

Toronto Realty Blog

Any new developments? Very few listings have come onto the market, but more importantly, the pattern of behaviour I have established when looking at “new listings” is concerning. Well, what’s the first thing I do after I click on a new listing? Prices topped the list with Sales & Inventory ranking second.