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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% January sales fell 2.3% The supply of homes for sale fell to a record low, down 16.5% The supply of homes for sale fell to a record low, down 16.5% Sales of homes priced above $1 million were up 39%. .

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Benefits of Investing in New Construction Real Estate

Norada Real Estate

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. New construction properties are those that are purchased directly from the builder or developer who constructed the property. In short, they are considered brand new.

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Fannie Mae’s chief economist on housing market outlook

Housing Wire

However, a silver lining in the subdued housing market is the strength in new-home sales. For one thing, no fixed-income investor thinks that mortgage-backed securities with 7% mortgage rates will be there when the Fed finishes the inflation fight. So you’re having to encourage investors with wider spreads to accept that.

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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

Unfortunately, we as investors are mere mortals and don’t have infinite time on this earth. Real estate sales by unit. This is because the market is still experiencing a feeding frenzy from buyers and investors looking to cash in on the appreciation from the previous cycle. Housing values. Rental rates. Stage 1: The Turn.

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Is the Housing Market Going to Crash?

Marco Santarelli

While the housing market has shown signs of stagnation with existing home sales at their lowest since 2010 and mortgage demand dropping significantly, most experts do not anticipate a crash in 2024. Fannie Mae's forecast also aligns with this outlook, expecting an increase in home sales transactions compared to the previous year.

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8 reasons we won’t have housing inventory armageddon any time soon

Real Trends

Are we on the all-new crazy train, destined to crash off the cliff in a pile of short sales and foreclosures? Are distressed sales headed to your market? The headlines say that the influx of active listings will drive prices down, reduce the velocity of sales and, consequently, wreck the market. Is the bubble bursting?

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Expert Panel Predicts Where Home Prices Are Going in 2023 (and Beyond)

Broke Agent Media

Experts also forecast a slide in home sales to 4.2 The results of the Zillow Home Price Expectations (ZHPE) survey are in, with economists and housing market experts weighing in with their forecasts on home prices, home sales, and mortgage rates for 2023 and beyond. from 2024 to 2027. million for 2023, down from 5 million in 2022.