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Xactus targets lenders through active listing data

Housing Wire

Verification solutions provider Xactus wants to court more lenders through its active listing data in a tight housing market. Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood.

MLS 369
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Is the savagely unhealthy housing market back?

Housing Wire

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. Why is this so important to me? NAR Total Inventory Data going back to 1982.

Marketing 538
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Housing Market Tracker: Inventory disappoints again

Housing Wire

but it needs weakness in demand and days on market to grow so inventory can accumulate. Mortgage rates have been in the range of 5.99%-7.14% , however, we do have some issues in the mortgage market. This happened in 2014 and 2022 when we saw a weakness in demand.

Marketing 513
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Housing Market Tracker: Inventory gets summer lift

Housing Wire

More importantly, it showed that the days on market dropped back to the teenager level, which means we are once again in a savagely unhealthy housing market. Nothing good is happening in housing when days on market are so low. Also, NAR updated its inventory report showing a year-over-year decline in inventory.

Marketing 404
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Why home-price growth is still up 18% year over year

Housing Wire

I understand why anti-Central Bank people say this because they want to blame everything on the Federal Reserve and say it’s just been booming demand. From Realtor.com : Even with demand weakness in recent months, days on market are still low. However, we haven’t had a credit sales boom like the one we saw from 2002-2005.

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

Realtor.com

Median days on market in April: 8. The fastest-moving market on our list was Ogden, a mountain town less than 40 minutes north of Salt Lake City. Median days on market in April: 10. Median days on market in April: 12. Median days on market in April: 15. Getty Images. Manchester, NH.

Marketing 133
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Bidding wars are starting to cool off

Housing Wire

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at foreclosure auction or bank-owned (REO) auction. Presented by : Auction.com.