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A San Diego data dive shows a market upended by tight supply

Housing Wire

The data examined below represents multiple listing service data and mortgage market analytics for San Diego County, as well as the state of California and the country as a whole from 2019 to 2023. With fewer listings to go around, low-producing brokerages were forced out. In 2022, however, only 55.3%

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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

My name is (your name), and I’m a licensed real estate professional with (your brokerage). I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. Call or text me with any real estate questions!

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SmartZip Review: Can data improve your prospecting game?

Housing Wire

If you’re an agent, team or brokerage looking to keep a pipeline of qualified listing leads coming your way, SmartZip may the solution you need. 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. How does SmartZip work?

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DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

The senior data scientist at appraisal tech startup True Footage previously worked at REX , a mostly defunct discount brokerage that charged seller fees as low as 2.5% In other words, the rates seem impervious to market forces, even as the internet has obliterated the historical rates of other intermediaries, like travel agents.

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Bidding wars are starting to cool off

Housing Wire

For the fifth consecutive month the number of bidding wars on home sales declined, according to a new report from brokerage Redfin. Although this is a clear sign of a slowing market, housing economists say the changes are along the lines of typical seasonal slowdowns. ” Top markets for affordable renovated housing inventory.

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Here’s the key to being an empowered real estate professional in 2022

Housing Wire

a buyer’s market. ? . Why focus on what the national experts are saying when you could be an expert in your very own market??? Finding out that Chicago’s real estate market could still skyrocket a double-digit percentage?is What matters for your market (wherever you are) is what patterns are developing near you.

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There’s nothing frozen about Anchorage real estate

Housing Wire

But in a real estate economy that has made destination cities out of the likes of Boise, Idaho and Manchester, New Hampshire, perhaps it’s no surprise that there is nothing dark or cold about the Anchorage housing market. But other agents echo Daniel that there is no market setback. 20, the sun set in Anchorage, Alaska at 3:41 p.m.

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