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10 Housing Markets Cooling the Fastest in 2023

Broke Agent Media

Is your market heating up or slowing down this spring? The dichotomy of the current market has some areas seeing multiple offers flood in while others are experiencing a slower pace and a rise in seller concessions. So, which markets are cooling off the quickest? In turn, home sales remain low.

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A top agent’s take on 2023 housing trends

Real Trends

Real estate is a roller coaster for most agents: tough market conditions, personnel issues and fierce competition can leave any agent or other entrepreneur feeling defeated. An increasing number of agents are exiting the industry because of these roller coaster conditions.

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Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

When supply exceeds demand, we see a buyer’s market. This phenomenon means there are fewer buyers than there are homes for sale. Competition is lower for a home, and the number of days on market increases for listings. A buyer’s market can be determined by calculating the months of inventory. We’ve got you covered.

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How Much Should I Budget to Sell My House? Here’s the Average Cost

HomeLight

Keep in mind that fees may vary widely based on your location, market conditions, and whether your home requires repairs before selling. We detail what costs you’re likely to incur and what sellers pay on average. We break down what the cost of a home sale could look like based on the average U.S. Cost to seller.

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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. The company has 4.6

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When Is the Best Time to Buy a House in Arizona?

HomeLight

For this reason, many industry publications will advise that you buy in January or February for a better price. You can wait for more properties to come on the market or try timing it to maybe get a deal, but when you see the home you want, buy it. What’s unique about the Arizona housing market? That’s the key.”

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2023 Housing Market Year In Review: A Market Ruled by Mortgage Rates

Redfin

18 housing trends that defined the year, including record mortgage rates, depleted inventory, and dwindling home sales 2023 was a difficult year for the housing market. The spring homebuying season never happened , housing inventory remained historically low throughout the year, and sales plummeted. Seasonal trends buckled.