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Why fewer homes are taking a price cut, even while inventory rises

Housing Wire

While weekly inventory is still falling, we have year-over-year growth in total active listing and new listings data. So, we need to be very mindful of the weekly data to get clues on the marketplace. Demand is rising from a low bar, and total housing inventory levels are still historically low.

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Housing Market Tracker: Inventory is negative YOY

Housing Wire

Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. Since May 15, that trend has continued to the point that inventory in America is now negative year over year.

Marketing 449
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Logan Mohtashami on how the housing market is holding up

Housing Wire

So, I would label this a mild decline in purchase application activity after making the Covid-19 adjustments. HousingWire: How are existing home sales trends and inventory affecting the housing market right now? However, the 5%+ mortgage world means we have more downside activity than that. Inventory is very seasonal.

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Housing Market Tracker: Purchase apps surprise

Housing Wire

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. Purchase apps were coming off a four-week losing streak and even though those were mild week-to-week declines, it was still four weeks of weakness. The recent growth broke that streak, but demand is still low.

Marketing 470
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Logan Mohtashami: The 2022 housing forecast

Housing Wire

Most of the time, the economy is like a slow-moving ocean liner that changes direction gradually and without much effort. With those two factors still very much in play, here is my 2022 forecast. The economic rate of growth peaked in 2021. This is something to watch for next year as it could slow down world growth.

Mortgages 543
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How to Become a Real Estate Agent in Kansas in 5 Easy Steps

The Close

Readers of The Close can get 25% off tuition at Colibri using coupon code “ Theclose25 “ Related Article 4 Best Kansas Real Estate Schools for 2023 After you complete your coursework, you must pass the course’s final exam. The amount of time you’ll need comes down to how much class time you allot per week.

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How to Become a Real Estate Agent in Kentucky in 7 Easy Steps

The Close

Quick Facts schedule Prelicensing Course: $395-$849 fact_check Prelicensing Course Final Exam: $0-$25 inventory License Application: $130 summarize Exam Registration: $100 laptop_windows Exam Retake: $100 fingerprint Fingerprinting: $10 badge Background Check: $18-$51.25 Here are the steps you’ll need to follow: 1.

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