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The nation’s housing market is on a correction course

Housing Wire

The Beige Book reports, published eight times a year, are based on interviews with bank directors, business and community organization leaders, economists, market experts and other sources. Cleveland — Residential construction and real estate activity softened further amid rising interest rates.

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Do the Due: A Complete Due Diligence Guide and Checklist for Homebuyers

HomeLight

Days on market: The speed at which houses are selling can be telling. If houses are sitting on the market for a while, you may get a better deal … but is there a reason why buyers are shying away from a particular area? Consult with a construction professional if you have any questions about the permits on the home.

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Seller’s vs. Buyer’s Market: A Seller’s Guide to Decoding Market Conditions

HomeLight

The number of days on market (DOM), which marks how long a home is on the market before the seller accepts an offer, typically drops. In a balanced market, marketing time typically lasts around six weeks , according to The National Association of Realtors® (NAR). Factors that lead to a seller’s market.

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Fed’s Beige Book offers grim news for housing industry

Housing Wire

A recent market report by digital mortgage exchange and loan aggregator MAXEX notes that the ongoing economic volatility “has had a profound effect on the housing industry.”. Cleveland — Demand for residential construction and real estate remained well below levels experienced earlier in the year.

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Selling a House ‘As Is’ in Wisconsin

HomeLight

Average days on market for Wisconsin. 46 Days (from listing to contract). Sellers must disclose any known issues related to wells, septic systems, and storage tanks, including: Well defects due to construction issues, improper closure or contamination. Be aware of minimum property standards for certain loans.

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Flipping Houses in New York: 5 Cities to Consider

HomeLight

If you need to finance the home with a mortgage, there are a few options you should consider: Hard money loans: These are loans from private lenders for short periods of time — they can come with higher interest rates and can be risky for inexperienced investors. That limits your risk and your days on market. Wise agrees.

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How to Calculate Market Value of Property in 2023?

Marco Santarelli

When a real estate housing market crashes , there are so many foreclosure and bank REO sales, figuring out the real value of a property can be difficult. When there is a large supply of properties available for sale in the housing market, it can be challenging to determine the true value of a specific property.