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Buyers are being picky — here’s how you can navigate it as a real estate agent

Housing Wire

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

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The 2021 housing market recap by Logan Mohtashami

Housing Wire

Retail sales have been off the charts, job openings are at 11 million, GDP growth picked up big time and jobless claims hit a level last seen in 1969. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. However, not only did the U.S. million toward the end of the year.

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Brand Report: Three Months of Record-Breaking Home Sales

RIS Media

The streak of record-shattering home sales stretched to three months in September, as closings rose 21.1 On average, homes sold in a mere 39 days—a full week faster than in September 2019. percent year-over-year as the number of homes on the market dropped to an all-time low in the 13-year history of the report.

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Why industry experts don’t expect mortgage rates to fall

Housing Wire

“While the mortgage market has already priced in the latest Fed move, mortgage rates are still at 20-year highs that hurt homebuyers. Existing home sales declined for the eight consecutive months in September, dropping to 4.71 Once inflation is contained, mortgage rates will start to drift lower. million units from 6.18

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Going, Going, Gone! Homes Are Selling the Fastest in These Markets

Realtor.com

In this blink-and-you-miss-it real estate market, homes in most places are coming on and off the market at a dizzying pace, as buyers (helped by record-low interest rates) are snatching up property at an unprecedented rate. But, as it turns out, not all markets are turbocharged quite to the same degree. Getty Images.

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New home sales rebound, but builders are still wary

Housing Wire

Today the Census Bureau ‘ s new home sales report came in as a beat of estimates at 811,000. The bearish take on housing for the second half of 2021 didn’t really pan out, especially in the new home sales sector. However, with that said, it’s still just an OK housing market for me based on how I view the new home sales market.

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Brand Report: RE/MAX Releases February National Housing Data

RIS Media

The median home price reached $291,000 in February—the highest in the 13-year history of the report—while sales set a new high for the month and inventory continued to drop to record lows. The record February home sales were up 5.7% in the ramp-up toward the seasonally higher sales of spring. in February 2020. .”