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Record mortgage rates killed existing home sales in November

Housing Wire

Existing home sales slid for the 10th consecutive month in November, as homebuyer demand continued to cool. The seasonally adjusted sales rate for existing homes fell 7.7% On a yearly basis, existing home sales are down 35.4%. On a yearly basis, existing home sales are down 35.4%. “In million homes, which represents 3.3

Sales 384
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Xactus targets lenders through active listing data

Housing Wire

Verification solutions provider Xactus wants to court more lenders through its active listing data in a tight housing market. Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood.

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5 Reasons Today’s Housing Market Is Anything but Normal

Keeping Current Matters

According to Black Knight , a housing data and analytics company, the average annual appreciation on residential real estate prices since 1995 has been 4.14%. Months’ Supply of Inventory (Homes for Sale). As of the latest Existing Homes Sales Report from NAR, the current months’ supply of inventory stands at 2.6. in 2019.

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Selling a House ‘As Is’ in Tennessee

HomeLight

Melinda is a top-selling agent in Tennesee who completes 18% more sales than the average agent in the state. As is” is a type of home sale where it’s understood that no improvements will be made to the property. We have a Tennessee residential property condition disclosure. And they’re short on cash, you might say.

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Residential real estate activity picks up despite low inventory

Housing Wire

Residential real estate activity picked up in most Districts despite continued low inventories of homes for sale,” the report states. In return, the lack of inventory of homes for sale pushed demand for rental properties in some areas — including New York, Chicago, St. Louis, Kansas City Federal Reserve districts.

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Gilbert Housing Market: Prices, Trends, Predictions 2023

Marco Santarelli

Key Trends in the Gilbert Housing Market Median home price: According to data by Redfin, the median home price in Gilbert was $570,000 in August 2023, down slightly from $571,500 in August 2022. Days on market: Homes in Gilbert are selling quickly, with an average of 35 days on market in August 2023.

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Little Rock Housing Market: Prices, Trend, Forecast 2023

Marco Santarelli

The sale-to-list price ratio was 100% , indicating that homes in Little Rock, AR sold for approximately the asking price on average during August 2023. Market Balance In August 2023, the housing market in Little Rock, AR was categorized as a balanced market. This represents a 1.9% decrease compared to the previous year.