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Don’t get too excited about the jump in existing home sales

Housing Wire

We got a great existing home sales report on Thursday, but is this data already too old? Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. Purchase apps look out 30-90 days before they hit sales data.

Sales 463
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A San Diego data dive shows a market upended by tight supply

Housing Wire

A sales boom in 2020 and 2021 slashed home listings’ days on market and pushed up home sales’ price per square foot and sale-to-list price ratios. Mortgage data paints a similar picture of the increasing competitiveness of the San Diego market. Mortgage With fewer listings come fewer home sales.

Marketing 423
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DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

In metros across the country, decade after decade, pre-internet and post-internet, buyer agents almost always get 2-3% of the sale price, paid by the seller, the researchers note. One of the researchers, Will Fried, had a hunch. and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%.

Agents 424
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The awesome power of high mortgage rates

Housing Wire

The following chart depicts listings that were taken down – either because the home sold or the listing was withdrawn – or sold within a week of posting (“immediate sales”). Median days on market, however, shrank over the same four weeks, and median PPSF strengthened moderately.

Mortgages 430
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Sell Your House Fast in Miami: Expert Strategies for a Quick Sale

HomeLight

In this guide, we will review the pros and cons of each approach to help you decide which makes the most sense for your home sale. Get a cash offer with HomeLight’s Simple Sale If you want to sell your house fast in Miami, HomeLight’s Simple Sale all-cash offer platform could be the perfect solution.

Sales 83
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4 signs a pending home sale will fall through

Real Trends

How often does a pending home sale fall through? A pending sale may be referred to as “under contract” by some real estate agents. A sale is considered pending until the seller formally accepts an offer from a buyer. It should be reassuring for all real estate agents that not many home sales fall through.

Sales 60
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What Most Agents Get Wrong About Follow Up (and 6 Strategies that Work)

BAM Media

The first is going to be leveraging local market information. Is there a piece of sales data or a new home offering that a prospect or a client should be aware of? They want to know what’s going on in the local market. The average list-to-sales price ratio is _.” “For What are the trends in home sales right now?

Agents 105