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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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What Is a Housing Bubble?

HomeLight

General financial prosperity: A strong economy boosts consumer confidence and spending, including in the housing market. Low interest rates: Lower borrowing costs make mortgages more affordable, increasing homebuying activity. Excessive mortgage debt: Higher levels of debt among homeowners increase financial risk.

Equity 96
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Our 19-point house-hunting checklist for real estate agents & their clients

Housing Wire

Before meeting with a mortgage lender, buyers should have a clear picture of their finances. When I meet with a new buyer, one of my first questions is: How long do you plan to occupy the property? They will no doubt build plenty of equity over the next few decades. Meet with a financial advisor. Do not skip the inspection.

Agents 381
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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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2022 Housing Market Year In Review: Looking Back on a Historic Year

Redfin

17 housing trends that defined the year, including record home prices and sky-high mortgage rates. The 2022 housing market was nothing short of remarkable. For the first time in history, mortgage rates doubled in the span of just one year. Mortgage rates ballooned to nearly 7% in response to record inflation.

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

Realty Biz

The rapid rise in mortgage rates, from an average of 3% to 6% over the past six months, is tempering Miami real estate’s historic pace,” MIAMI Chairman of the Board Fernando Arencibia Jr. Although top sales marks are still being achieved, higher rates are starting to restore balance to the market. © SeanPavonePhoto – Fotolia.com.

Sales 78
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I Need to Sell My House Fast in San Diego: What Are My Options?

HomeLight

If you need to sell your house fast in San Diego, whether you’ve inherited a house, you’re relocating for work, need to cash out your home’s equity quickly, 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. So we’re just out of land.”