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The 2023 Housing Market: A Look Ahead

Housing Wire

Short sales are unlikely to reemerge unless there is a serious deterioration in borrowers’ ability to pay their mortgages. . The last time we saw prices decline, the combination of declining prices and bad mortgages forced inventory onto the market.

Marketing 491
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Think US home prices are high? At least we aren’t Canada

Housing Wire

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. Breaking that threshhold would mean we are in unhealthy home-price growth land. When mortgage rates rise, two things always happen here in America.

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Price Reduction in Real Estate: A 5-step Guide for Agents

The Close

The primary indicator is obvious: The house just sits on the market while everything around it is flying off the shelves. You must evaluate if a price reduction is necessary by looking at the absorption rate and the average days on market (DOM) for that location. copy to clipboard Short sale approach: Ms.

Agents 65
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Trying to Sell Your House in 7 Days?

HomeLight

Here’s an in-depth look at how you can sell your house in as few as 7 days. Selling your house for cash is a creative way to land a quick sale. By eliminating lender involvement, you open up sales to non-traditional buyers, such as house flippers , buy-and-hold investors , and iBuyers. Option #1: Sell your house in cash.

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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

Preforeclosure and short sales are more common. These are early-stage distressed homeowners, because it typically takes nine months to a year for a bank to foreclose on a home, clean the title, and place it back on the market. Appreciation has completely stopped and prices are beginning to fall. Move forward with caution.

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Seller’s vs. Buyer’s Market: A Seller’s Guide to Decoding Market Conditions

HomeLight

The number of days on market (DOM), which marks how long a home is on the market before the seller accepts an offer, typically drops. In a balanced market, marketing time typically lasts around six weeks , according to The National Association of Realtors® (NAR). Increased buyer demand.

Marketing 109
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13 Legit We Buy Houses for Cash Companies in Texas That Sellers Love

HomeLight

In Texas, it typically takes around 86 days — nearly three months — to sell a home on the market using an agent. That includes an average of 32 days on market , plus the typical 54 days a buyer needs to close on a purchase loan. Locations: Sugar Land, TX location serving the Houston metro area and beyond.