article thumbnail

Fed’s Beige Book offers grim news for housing industry

Housing Wire

A recent market report by digital mortgage exchange and loan aggregator MAXEX notes that the ongoing economic volatility “has had a profound effect on the housing industry.”. Richmond — Residential real estate market activity declined moderately this period. Refinance applications are 83% lower than last year.”.

article thumbnail

DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

The researchers argue it is possible because buyer agents, informed of the rates each listing offers thanks to MLSs, direct their clients’ attention away from those offering below-market-rate commissions and towards those offering the market rate. That theory, which is fiercely denied by many in the industry, is not new.

Agents 418
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Most Agents Get Wrong About Follow Up (and 6 Strategies that Work)

BAM Media

Strategy #2—Highlight relevant trends in home sales The next strategy is highlighting relevant trends in home sales: “Average days on market is _.” “The Highlighting these trends and knowing local market stats will enable you to have conversations about things that are important to buyers. Are you kidding me?

Agents 105
article thumbnail

Why Milwaukee is a Hotspot for Cash Home Buyers: Trends and Insights

Realty Biz

There are specific benefits to selling a home for cash in Milwaukee, such as faster transactions and avoiding complexities of financing. In addition to affordable housing, Milwaukee also boasts a solid economy with diverse job opportunities across many different industries.

article thumbnail

Gilbert Housing Market: Prices, Trends, Predictions 2023

Marco Santarelli

Key Trends in the Gilbert Housing Market Median home price: According to data by Redfin, the median home price in Gilbert was $570,000 in August 2023, down slightly from $571,500 in August 2022. Days on market: Homes in Gilbert are selling quickly, with an average of 35 days on market in August 2023.

article thumbnail

Lakeland Housing Market Forecast 2023: Will it Crash?

Marco Santarelli

Median Days on Market The time a property spends on the market is a critical indicator of market health. In Lakeland, FL, the median days on market is 46 days , presenting a concise timeframe for property turnover. Job Market: A robust job market is indicative of economic health.

article thumbnail

Oakland Housing Market Forecast 2023: Will it Crash?

Marco Santarelli

Understanding this balance is crucial for individuals entering the market, as it influences negotiation dynamics and overall market sentiment. Median Days on Market Time is of the essence in real estate, and in Oakland, FL, homes are spending an average of 35 days on the market.