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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 404
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2023 Housing Market Year In Review: A Market Ruled by Mortgage Rates

Redfin

Other contributors to the quieter rental market: Strong new construction in the apartment industry, and fewer new households forming (two or more people living together). New construction fell as builders were left stuck with inflated inventory There were 1.41 a Redfin company. million in 2022.

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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

Foreclosure filings begin to increase as financially distressed homeowners no longer have the option to refinance and access their equity, and the tighter market gives them few options to sell or downsize. Affordability, along with new industry and jobs, has made the area an attractive place to live.

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

HomeLight

If you need to sell your house fast in Miami, whether you’ve inherited a property, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent.

Sales 80
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Small Signs of Change: Is There a Light at the End of the Seller’s Market Tunnel?

HomeLight

On today’s show, we’ll talk with three agents about what’s happening on the streets right now, what’s happening in new construction, buyer and seller activity, and much more. And HomeLight’s managing editor is here to help make sense of the new data. This is a weekly podcast.

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Miami Real Estate Posts 10th-Highest Total Home Sales Month in History

Realty Biz

“Although top sales marks are still being achieved, higher rates are starting to restore balance to the market. Look for fewer bidding wars, more days on market, and a cooling of the growth rate of pricing in the months ahead.”. For the first time since July 2019, Miami’s single-family home inventory rose year over year.

Sales 78
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Pittsburgh Housing Market: Prices | Trends | Forecasts 2022

Marco Santarelli

On average, homes in Allegheny County, PA sell after 57 days on the market. The trend for median days on market in Allegheny County, PA has gone up since last month, and slightly down since last year. What Makes Pittsburgh Real Estate Market Attractive For Investment? This situation is also called negative equity.