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Days on market grow despite low inventory for existing homes

Housing Wire

The positive aspect of today’s data line is that the days on the market grew again, and we are getting off the teenager level. One thing about housing data we all need to be mindful of is that the year-over-year comps will be very challenging until we get to the end of January.

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The Relationship Between Leverage & ‘Days On Market’

Toronto Realty Blog

But because of the relationship between leverage and days-on-market, I had the upper hand. All he knew was that I was only four days on the market, and that I sounded like an a **e who didn’t want to sell the property because I wanted to promote myself that weekend. I mean, seventeen days on market, right?

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

Housing Wire

From NAR: First-time buyers were responsible for 28% of sales in January; Individual investors purchased 17% of homes; All-cash sales accounted for 32%; Distressed sales represented 2% of sales; Properties typically remained on the market for 36 days in January.

Sales 438
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The housing market is now savagely unhealthy

Housing Wire

One of the critical data lines that I want to see improve this year is days on market. My concern now is that some sellers are feeling stressed about this market, which should never happen because this is the best seller market ever. However, a seller is also a natural homebuyer, unless they’re an investor.

Marketing 541
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Housing inventory falls under 1M again as sales collapse

Housing Wire

However, in 2020 new listing data came back, and we don’t want to see the new listings continue to decline this year — that would be a double negative for the housing market. Days on market growing One of the reasons I called the housing market savagely unhealthy in 2022 was that houses flew off the shelves once they were listed.

Sales 538
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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

While tracking market cycles is widely accepted in the stock market, it has been strangely ignored in real estate investing. Unfortunately, we as investors are mere mortals and don’t have infinite time on this earth. However, the reality is that the market is already shifting. Stage 1: The Turn. Stage 5: Recovery.

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9 Skills Agents Need to Work With Investors & Close 50-100 Deals a Year

The Close

As long as you’re willing to learn some new skills, then working with real estate investors might just be the best career move you’ll ever make as a realtor. Building the skills you’ll need to regularly pinpoint undervalued, off-market properties, advise investors, and close sometimes tricky deals won’t be easy.