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Pending home sales fall to their lowest level in two decades

Housing Wire

Pending home sales in October fell to their lowest level since 2001. As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% As a result, NAR’s Pending Home Sales Index fell to a reading of 71.4, New home sales fell 5.6% down from 72.6 in September. above the previous year’s level.

Sales 462
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Sellers may earn more by listing later in the year: Zillow

Housing Wire

Home sellers looking to maximize their sale price may want to avoid the start of the busy spring buying season and list their properties closer to the midpoint of the year, according to a Zillow analysis released Thursday. metro areas, homes listed for sale between the start of May and early July 2023 posted the highest sales prices.

Sales 394
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Planet Home Lending hires Doug Long to expand its retail branch network 

Housing Wire

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. This synergy allows Planet to offer unparalleled operational support to its sales professionals, along with no hidden overlays and some of the industry’s best turn times.”

Lending 374
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7 steps to improve your talent attraction game

Housing Wire

It’s also becoming more challenging as production takes a hit from lower home sales. In today’s market, it’s important to have an edge or niche that makes your business stand out from the crowd. Having an edge is imperative in any business, especially real estate. Analyze your sales data by quartiles.

MLS 390
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Husky Homes team expands Compass’s Wisconsin presence

Housing Wire

million in sales volume. Based in Madison, Wisconsin, the team of eight had been affiliated with Keller Williams Realty Madison East since its debut in 2020. “We We are thrilled to be among the first teams to join Compass in Wisconsin,” Crim said in a statement. In 2022, the Husky Homes team closed 121 transactions and more than $48.4

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Falling rates and rising inventory a good combo for buyers

Real Estate News

Rates edged closer to the 7% mark this week, improving affordability. Coupled with a small bump in listings, that could mean more year-end sales.

Sales 271
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December mortgage delinquencies rise due to calendar effect: ICE

Housing Wire

On a yearly basis, the number of delinquencies edged up 2.65% in 2023. Likewise, the 5,400 foreclosure sales (completions) in December were down -17.2% As a result, some loans appeared temporarily delinquent, ICE noted in its First Look Mortgage Performance report. compared to November.

Mortgages 368