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

Housing Wire

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. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Agents 436
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Housing Market Predictions for 2027: Experts Clash on Forecast

Marco Santarelli

They anticipate demographics, particularly a healthy labor market with a growing population, to keep demand for homes robust. Additionally, they believe existing supply constraints will persist, with new construction failing to keep pace with buyer interest. Dive deep into your local market.

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New home sales rebound, but builders are still wary

Housing Wire

Today the Census Bureau ‘ s new home sales report came in as a beat of estimates at 811,000. The bearish take on housing for the second half of 2021 didn’t really pan out, especially in the new home sales sector. However, with that said, it’s still just an OK housing market for me based on how I view the new home sales market.

Sales 437
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How to Do a Comparative Market Analysis: A Step-by-Step Guide

The Close

A comparative market analysis (CMA) determines the market value of a property by comparing it to similar properties that have recently sold, as well as to those currently listed for sale. A CMA is a crucial tool for listing agents determining the right sale price for a property. Days on market.

Marketing 105
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21 Marketing strategies to freshen up a stale listing

Real Trends

A home that might have sold for over-list price in less than a day with multiple offers a few months ago — even with bad iPhone photos and monstrous dust bunnies under the coffee table — is going to need a little more love now that we are feeling a market shift , seeing increased days on market and inventory is growing. .

Marketing 104
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Fed’s Beige Book shows recent moderation in mortgage rates propped up demand for homes

Housing Wire

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday. Days on market increased slightly but remained below historic averages.

Mortgages 389
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There’s Still a Window of Opportunity To Invest in U.S. College Towns, but Move Fast and Know Where To Look

Realtor.com

College towns like Austin and Boulder are seeing strong housing market performance year over year, according to data provided by Realtor.com. In Boulder, the median listing price for all property types is up 20% year over year, and median days on market is down 17%. At the time of sale, it was nearly 100% leased for fall 2020.