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The savagely unhealthy housing market is now a nightmare

Housing Wire

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 But, the savagely unhealthy data line was that home prices are up 14.8%. My nightmare scenario, on the other hand, has happened and this is bad news for everyone. home-price growth data.

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Listing prices hit record high in July

Realty Biz

Home prices across the U.S. continue to accelerate, and last month they moved into uncharted territory as the national median listing price reached $349,000 in July – a record high. National listing prices grew 8.5% Homes are selling six days faster than a year ago, Realtor.com said.

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Opinion: NYC’s 2023 housing market resiliency report

Real Trends

On March 8, 2020, the first death from COVID-19 was reported. By the end of May – not surprisingly – demand for New York City housing was down 78% from its pre-pandemic average. Examining the past few years through a price-per-square-foot lens, we see that NYC absorbed the devastating blow of COVID-19 and recovered decisively.

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How a Lack of Sellers is Shaping the 2023 Spring Housing Market

Broke Agent Media

BAM Key Details: Realtor.com has released its Monthly Housing Trends Report for April 2023, revealing how a lack of sellers is impacting the spring housing market. Low inventory is making it harder for buyers to find affordable homes. That’s according to the April edition of Realtor.com’s Monthly Housing Trends Report.

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Local Home Price Growth Variations Are at their Widest Since 2009

Broke Agent Media

BAM Key Details: A new report from Redfin reveals how much home price growth depends on location, emphasizing the need for agents to focus on local housing market trends. Price growth variations tend to increase in times of boom and bust. San Francisco home prices fell 10.1%

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Expect An Interest Rate Hike After Today’s Federal Reserve Inflation Data

Realty Biz

While vested interests prefer to paint a rosy picture for perpetuating a crazy market, Christiaan Hetzer at Forbes and many others reveal that the real estate bubble and inflation are just an American trend, but a global problem. Worldwide, housing prices are on fire and going higher at rates not seen in the last 15 years.

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RISMedia Reveals Top 1,000 Power Brokers

RIS Media

The detailed results are now available in RISMedia’s 2022 Power Broker Report , ranking real estate firms by both sales volume and transactions in 2021. . The Top 1,000 respondents to this year’s Power Broker Survey report a collective $2,468,407,918,793 in sales volume for 2021, representing 5,008,011 transactions.

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