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The Real Estate Standoff: Existing Home Sales are Up, Despite Reluctant Sellers

Broke Agent Media

This market is not as frenzied as it was during the last two years, but home buyers might start to feel some déjà vu at the dearth of options. As it stands now, the 30-year fixed is hovering around 6.6% , which, while a welcome departure from 7% earlier this month, is still high enough to keep would-be sellers on the sidelines.

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Orlando Real Estate Market & Investment Overview 2020

Marco Santarelli

We’ll be discussing the latest Orlando real estate market trends & statistics to find out how they can affect the investors and homebuyers in the next six to twelve months. After a big slump in real estate sales and activity during April, May, and June, home sales have bounced back in the Metro Orlando housing market.

Marketing 126
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NAR Reports Existing Home Sales Are Down, But Steve Harney Remains Optimistic About Opportunities

Broke Agent Media

months’ supply at the current monthly sales pace. The NAR report relies heavily on median sale prices, while KCM founder Steve Harney points out how misleading those numbers can be, especially in today’s market. 11,726 houses sell a day. 4.28M divided by 365 days) Which means 488 sell an hour. I did the math.

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Las Vegas Real Estate Market 2020 Overview

Marco Santarelli

The Las Vegas housing market is literally on fire amid the pandemic. The booming Las Vegas real estate market was impacted by the ongoing pandemic but things are turning back to normal. The economic uncertainty and massive job losses directly affected its housing market as well. Closed sales increased by 34.9 It was a 1.5

Marketing 128
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Phoenix Real Estate Market & Investment Overview 2020

Marco Santarelli

Even after suffering from the pandemic, the Phoenix housing market 2020 still comes out on top. As we saw Arizona real estate market thriving & becoming sizzling hot in the past couple of years, even the rise in mortgage rates was believed not to affect it. In July, the median sales price — up 3.3%

Marketing 135
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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.”. The average commitment rate across all of 2021 was 2.96%. There are 4.8

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. It’s often presented as a percentage of the fair market value. Assignment.