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Why industry experts don’t expect mortgage rates to fall

Housing Wire

Despite new language in the Federal Open Market Committee statement that suggested a potential slowdown in curbing inflation, Federal Reserve Chairman Jerome Powell maintained a hawkish tone on raising the federal funds rates during Wednesday’s press conference.

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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 446
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5 Reasons Today’s Housing Market Is Anything but Normal

Keeping Current Matters

Using this definition, here are five housing industry metrics that prove we’re nowhere near normal. Days It Takes To Sell a Home. The days-on-market metric gives an indication of how hot a market is and how quickly homes are selling. Today, that number is cut in half and is now at 17 days. Mortgage Rates.

Marketing 252
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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

This is especially effective if you’re newly licensed, just moved to a new area, or simply as an introduction if you’ve haven’t previously told your neighbors that you’re in the real estate industry. You’ll want to include the list price, sale price, and days on market. YouTube Instagram Facebook

Brokerage 418
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Clear Capital’s Kenon Chen on appraisal modernization

Housing Wire

CubiCasa provides better data, shortening the days on market for the property. And the conversations around generative AI have captivated the industry because seeing how fast things are changing and how fast these new capabilities are coming is now a lot more visible. SW: What keeps you up at night? KC: Tech is always changing.

Loans 427
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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 427
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Top 10 Home Features that are Surprisingly Enticing for Buyers

Broke Agent Media

While some of the top features also led to faster home sales, others contributed to longer days on market. That said, some features added days on market as well as a sale premium. more, but it can also add an extra two days on market.