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Pending home sales fell 7.1% in August

Housing Wire

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. It will disrupt some home sales in the short run due to the lack of flood insurance or delays in government-backed mortgage issuance,” he said. below the August 2022 level.

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Mortgage rates continue to climb beyond 7%

Housing Wire

At today’s rate, the monthly cost to purchase a home totals about $2,400, not including property taxes and insurance, a 17% increase from a year ago. Higher mortgage rates probably signal “a further contraction in home sales activity,” she added. “We

Mortgage 364
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Agent strategies for getting first-time homebuyers across the finish line

Housing Wire

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks.

Agents 383
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South Florida 2023 Year in Review

Lamacchia Realty

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. Unlike what the Northeast experienced, South Florida inventory is up over 2022 and the second half of 2021. South Florida Sales Decline by 17.5%

HOA 49
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The Apple Peeled - Ask the Experts: Market Dynamics with Jonathan Miller

Miller Samuel

Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed). Overall inventory is up by about 17%, with a significant amount of supply coming from the studio and 1-bedroom market.

Marketing 221
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Expectations for 2024 in Seattle/King County Real Estate

Will Springer Realtor

We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises.

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How owner finance investing works and how to navigate it (with Brandon Smith, 13+ years of investing and lending experience) – Real Estate Real Fast EP9

Listing Spark

It usually involves wrapping the existing mortgage and obtaining title insurance from a title company. When doing a wrap, the hardest part is getting insurance in order to satisfy due on sale calls. If you’re doing a wrap, the number one thing is insurance. Key takeaways. [00:03:41]

Finance 36