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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. Below are trends, data points, and visuals that defined the 2023 housing market. The market was extraordinary; it felt hot, even though very few homes changed hands.”

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New Study Finds Seller’s Market May Shift in 2021

Realty Biz

The phrase “record breaking” is everywhere at the moment, from major companies reporting record-breaking returns to market experts who predict a record-breaking post-pandemic economic boom. . Although the housing market took a record-breaking nosedive in 2020, there’s light on the horizon as the U.S. One year into the pandemic.

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What Costs Are Involved in Selling My House?

HomeLight

Properties typically remained on the market for 16 days, and nearly 90% of homes sold were on the market for less than 30 days. Even though interest rates are rising, inventory is low in many markets. So, the seller’s market is holding, but cooling. from the prior month and 8.6% from one year ago. Get Estimate.

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How Much Are Closing Costs in California?

HomeLight

Your California dream home has just come on the market, and you’re eager to make an offer. Agent commissions take the largest chunk out of the seller’s profits. Other closing costs generally incurred by California home sellers include transfer taxes , property taxes, and mortgage loan payoff. The rate could go from 7% to 6.5%

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Sell Your House Fast in Miami: Expert Strategies for a Quick Sale

HomeLight

This process takes away the stress and uncertainty that comes with listing your home traditionally and dealing with buyers who come with contingencies and want seller concessions. This means that demand for housing will likely continue to increase, giving sellers better opportunities to sell their home quickly and for more money.

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11 Things to Do Before Listing Your Home That Are Worth the Effort

HomeLight

If you consider your kids’ toys and art projects, old bathroom toiletries, and stacks of mail — you may realize that you’ve been storing many items that you could re-home or discard right away to prepare for putting the house on the market. Seller concessions. However you find your agent, be selective in who you pick.

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Beach Town Fun Meets Southern Charm: How to Buy a House in Myrtle Beach

HomeLight

Like many beach towns across the country, the market in Myrtle Beach is hyperlocal and competitive. While deals and seller concessions may be tough to come by, there are a few things you can do to make a competitive offer. Homes were built in 2005, with new neighborhoods currently under construction. Urban village.