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Existing home sales fell in June while monthly median sales price spiked

Housing Wire

With elevated mortgage rates sidelining both home buyers and sellers, existing home sales fell in June, according to the latest report from the National Association of Realtors (NAR). Sales were also down significantly from a year prior. Total existing home sales slipped 3.3% Year-over-year, sales dropped 18.9%

Sales 361
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Is the Housing Market in a Bubble? How the Indicators Today Compare With the Great Recession

Realtor.com

Then, quite suddenly, the market seemed to seize up and prices and sales began falling. Something new and dramatic would likely be necessary in order to set off another collapse. Homes are now sitting on the market longer, more sellers and builders are slashing prices, and sales are evaporating. Sound familiar?

Marketing 113
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How to Make Money as a Real Estate Agent: 9 Strategies to Earn More

The Close

Maybe the market is sluggish or sales are plateauing. These ads direct potential sellers to Market Leader’s landing page and potential buyers to your personally branded, IDX search-enabled site. Are short-term rentals popular in your town? Put in the work and stay consistent, and we believe that you will find success.

Agents 105
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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

Real estate sales by unit. Distressed sales will create a downward force on sales prices, especially for sellers who are forced to move. Further out, suburban areas begin to lose value as homebuilders continue to overbuild because new construction timelines are longer. Some areas may not recover in our lifetimes.

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

HomeLight

An ample supply (lots of homes for sale) and limited demand (fewer buyers) leads to a buyer’s market. Conversely, lack of supply (fewer homes for sale) and abundant demand (lots of buyers) results in a seller’s market. It can affect: How you prepare your home for sale. Too few resale homes for sale. Home prices rise.

Marketing 110
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Miami Real Estate Posts 10th-Highest Total Home Sales Month in History

Realty Biz

Miami-Dade County real estate posted its 10th-highest total existing home sales month in history and its second-best May sales month ever, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. Miami’s existing condo sales decreased 7.9% Single-family home sales decreased 12.3%

Sales 78
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How to Get Listings: 18 Luxury Listing Agents Spill Their Secrets

The Close

Grandson of Indian film legend Noor Mohammed Charlie, Yawar Charlie has worked both as an actor, and an award winning real estate agent with the Aaron Kirman Team, a top sales team in Los Angeles that regularly closes north of $500 million in sales volume. Tika Van Den Hurk, Senior Director of Luxury Sales, Douglas Elliman Florida.

Agents 111