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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% January sales fell 2.3% The supply of homes for sale fell to a record low, down 16.5% The supply of homes for sale fell to a record low, down 16.5% Sales of homes priced above $1 million were up 39%. .

Sales 410
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The homebuilding space consolidates after strong results in 2023

Housing Wire

New construction accounted for approximately 30% of active for-sale housing inventory, doubling the usual figures for a standard year. Since the beginning of this year, the industry has witnessed the completion of five transactions, with two others announced. The acquisition is set to close in the first half of 2024.

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Husky Homes team expands Compass’s Wisconsin presence

Housing Wire

“With access to cutting-edge tools like Performance Tracker, Compass AI , and the innovative Compass Collections, we are poised to enhance our client experience and deliver unparalleled service through the industry’s leading technology platform.” The team specializes in buyer and seller representation as well as new construction.

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The homegenius Platform gives consumers deeper insights in the home buying and selling journey

Housing Wire

Not available anywhere else in the industry today, consumers can gather inspiration on social media networks like Pinterest, upload photos of their dream home and homegeniusIQ, homegenius Real Estate’s proprietary technology, will instantly analyze the photos and present homes with similar features.

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

Housing Wire

While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers.

Agents 434
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Mortgage rates might soar even higher

Housing Wire

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. We do not see new construction returning in a meaningful way any time soon. Kurt Carlton, President of New Western. Existing home sales are down 19.9% year-over-year.

Mortgages 418
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How to write a lead-winning, memorable real estate agent bio (+ examples)

Housing Wire

They’ll want to know you have what it takes to close the type of deal they are looking for, and that you can help them reach their financial goals. To begin with, his reputation for excellence is ironclad: over a decade of experience as a real estate broker and over $300,000,000 in total sales. So let your personality shine.

Agents 393