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Redfin Reports First Annual Drop in Home Prices Since 2012

Broke Agent Media

And with sellers holding off, new listings dropped to the lowest recorded level, aside from the early days of the pandemic. Lower home prices and longer days on market Interest rates in February rose by almost a full percentage point in February, having a predictable impact on buyer demand as they consider the extra cost of purchasing a home.

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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

In any given moment, we can look to certain indicators to suggest what market stage an area may be in: Active housing inventory. Preforeclosure and bank-owned properties, or REO. This is because the market is still experiencing a feeding frenzy from buyers and investors looking to cash in on the appreciation from the previous cycle.

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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.”. Richmond — Residential real estate market activity declined moderately this period. Refinance applications are 83% lower than last year.”.

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Why Milwaukee is a Hotspot for Cash Home Buyers: Trends and Insights

Realty Biz

In addition to affordable housing, Milwaukee also boasts a solid economy with diverse job opportunities across many different industries. Median Sales Price Median Rent Median Days on Market $251,000 $1,390 23 Walker's Point Another popular neighborhood for cash buyers is Walker's Point, which is located just south of downtown Milwaukee.

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Is Your Realtor Doing a Good Job? Answer These 6 Questions to Find Out

HomeLight

These documents are packed with legal jargon and industry-specific verbiage that can even confuse a seasoned seller. Your days on market keep creeping up, exceeding the market average. Source: (Clay Banks / Unsplash). You have lots of traffic but no offers. You’ve received offers, but you keep getting lowballed.

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Is There a Market Correction on Its Way?

McKissock

B) Days on Market for listings increase. C) Listing prices begin to stabilize and reductions in listing prices become more common, which is a sign the market is becoming saturated. H) Having to go to alternative neighborhoods for comparables because home prices are growing out of reason for the immediate market area.

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4 signs a pending home sale will fall through

Real Trends

Before agreeing to a home sale contingency, I recommend considering both broad and regional market dynamics. Being aware of the current Days on Market (DOM) will help you decide on how long to make the selling period. If the seller has marginal to no equity or is behind on payments, you may have to work with the bank.

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