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The 2023 Housing Market: A Look Ahead

Housing Wire

While this would be a hit to homeowner equity, only 1 to 2 percent more of homeowners would move into negative equity. Short sales are unlikely to reemerge unless there is a serious deterioration in borrowers’ ability to pay their mortgages. . There will be two key differences between 2023 and 2010.

Marketing 491
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Think US home prices are high? At least we aren’t Canada

Housing Wire

The days on market grow, which gives people more choices and less forced bidding. Home prices cooled down, and the days on the market grew. A lot of mortgage debt went away due to foreclosures and short sales, bringing home prices way down. The growth rate of home prices slows down.

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I Need to Sell My House Fast, What Are My Options?

HomeLight

In a hot market, homes naturally sell fast. Recent statistics from NAR show homes sat on the market an average of just 16 days in May 2021. But in a regular year, your typical days on market could be more like 35-40 days. For that, you can look at days on market data and their transaction history.

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How Long Does a Short Sale Stay On Your Credit Report? Myth vs. Reality

HomeLight

One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale? Typically, it’s best to list it at market value to recoup as much money as possible. The process. The timeline.

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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

This is because when the seller down the street falls behind on payments and has to sell at below market price in order to avoid foreclosure, it affects the asking price for everyone else’s property on the block. Preforeclosure and short sales are more common. So they hold out and try to find ways to keep their homes.

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Seller’s vs. Buyer’s Market: A Seller’s Guide to Decoding Market Conditions

HomeLight

The number of days on market (DOM), which marks how long a home is on the market before the seller accepts an offer, typically drops. In a balanced market, marketing time typically lasts around six weeks , according to The National Association of Realtors® (NAR). Your bank account will thank you!

Marketing 109
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Can I Sell a Home After Owning It 1 Year?

HomeLight

You can sell a home whenever you want, but expect financial consequences if you have little equity in it. There are a number of reasons for this, including lack of equity accumulated in the home and insufficient appreciation – an increase in property value. You can build equity and lower your tax burden.”.