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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. Once inflation is contained, mortgage rates will start to drift lower. “In

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5 Reasons Today’s Housing Market Is Anything but Normal

Keeping Current Matters

There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. The market is still extremely vibrant as demand is still strong even while housing supply is slowly returning. Mortgage Rates.

Marketing 258
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Buyers are being picky — here’s how you can navigate it as a real estate agent

Housing Wire

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Agents 437
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Gilbert Housing Market: Prices, Trends, Predictions 2023

Marco Santarelli

The Gilbert housing market is currently experiencing a slight cooling, with home prices down 0.25% compared to last year. However, the Gilbert housing market is still relatively strong, with homes selling quickly and for good prices. This is down from 37 days on market in August 2022. When analyzing sales prices, 29.2%

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Baton Rouge Housing Market: Prices, Trends, Forecast 2023

Marco Santarelli

The Baton Rouge housing market is currently experiencing a slight cooling in buyer demand , resulting in a more balanced market. In August 2023 , the median sale price of a home in Baton Rouge was $239,000 (Redfin) , showing an 11.2% Despite the cooling in buyer demand, the Baton Rouge housing market remains relatively strong.

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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. Great news! Your neighborhood is hot!

Brokerage 389
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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. In other words, the rates seem impervious to market forces, even as the internet has obliterated the historical rates of other intermediaries, like travel agents.

Agents 424