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The housing market is now savagely unhealthy

Housing Wire

You can’t have the best housing demographics ever, with the lowest mortgage rates and the best loan profiles with falling inventory for eight years, and not be concerned about this during 2020-2024. One of the critical data lines that I want to see improve this year is days on market. People who sell need to live somewhere.

Marketing 541
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Clear Capital’s Kenon Chen on appraisal modernization

Housing Wire

KC: Many lenders’ loan origination systems are really just providing a document repository and maybe some screens. Most lenders’ loan origination systems are not designed to do that, for collateral especially. CubiCasa provides better data, shortening the days on market for the property. SW: What keeps you up at night?

Loans 414
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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

You’ll want to include the list price, sale price, and days on market. There are loan programs available that allow as little as 3.5% Targeting investors and tailoring your real estate prospecting letters to their needs and is very smart. I work with many investors and want to introduce myself as a resource to you.

Brokerage 346
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Selling a House ‘As Is’ in Louisiana

HomeLight

However, “as is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. We Buy Houses operations buy “as is” properties at a discounted rate compared to a traditional market sale and will generally seek out homes in need of significant repairs.

As-is 86
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Why home-price growth is still up 18% year over year

Housing Wire

I am not talking about investors; I am talking about primary resident homeowners. From Realtor.com : Even with demand weakness in recent months, days on market are still low. From the NAR : In the last existing home sales report, you can see the year-over-year decline on the days on market data. From Redfin.

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Existing home sales are still savagely unhealthy

Housing Wire

The rise of adjustable-rate (ARM) loans helped mitigate the damage of higher rates. Another negative item in this report — the days on market (DOM) are terrible. We want the DOM to get back above 30 days. It just held up better than I thought it would earlier in the year. Pricing will change as inventory has picked up.

Sales 506
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Think US home prices are high? At least we aren’t Canada

Housing Wire

Just last month, Canada’s prime minister proposed a two-year ban on some foreign investors buying Canadian real estate to try to tame price growth. The days on market grow, which gives people more choices and less forced bidding. Home prices cooled down, and the days on the market grew. Here in the U.S.,