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Fed’s Beige Book predicts further uncertainty for the housing market  

Housing Wire

“Higher interest rates further dented home sales, which declined at a moderate pace overall but fell steeply in some Districts,” the report states, noting that “residential construction slid further at a modest pace” and “home prices grew less rapidly or declined outright amid weak demand.”. million in 2023 from 5.67 trillion from $2.34

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The nation’s housing market is on a correction course

Housing Wire

The Fannie Mae report projects “strong deceleration in home-price growth going forward” due to higher mortgage rates and the overall slowing economy affecting purchase demand. Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”.

Marketing 393
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2023 Housing Market Year In Review: A Market Ruled by Mortgage Rates

Redfin

18 housing trends that defined the year, including record mortgage rates, depleted inventory, and dwindling home sales 2023 was a difficult year for the housing market. In short: Record mortgage rates, high inflation, and persistently high housing and rental prices. Seasonal trends buckled. So what happened? a Redfin company.

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Renting vs Buying in Windsor, CO: Which is Right for You?

Redfin

Competition This summer we have seen demand pick up again and the days on market have significantly dropped, so if you see a home you like, don’t wait too long. Do you want a new construction home or an older property with character? Are you looking for more space or a big backyard? This falls on the landlord, not the renter.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

After all, great communication leads to closed deals. Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Amortization.

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When Is the Best Time to Buy a House in Texas?

HomeLight

But prices tend to be lower and buyers can often get eager sellers to offer concessions , such as covering closing costs. In addition, Leonard points out that builders can be incentivized to negotiate to clear new construction inventory at the end of the year, offering deals in December that are no longer available in January.

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6 of the Top We Buy Houses for Cash Companies in Fort Worth

HomeLight

Best Cash Offer in Texas shares on its website that by using an in-house construction team, it is able to keep offers both fair and consistent throughout the transaction (some house-buying companies are known to drop the value of their offer last minute before closing). Individual investor fees may vary.