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The housing market is now savagely unhealthy

Housing Wire

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month

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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 Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened.

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Will existing home sales climb at all this year?

Housing Wire

Last week the National Association of Realtors (NAR) reported that existing home sales declined in June to an annual rate of 4.2 The trends in this chart show how quickly home buyers reacted to the big mortgage rate jumps in 2022. Inventory There are now 479,000 single-family homes on the market across the U.S.

Inventory 280
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An inside look at local housing markets across the country

Housing Wire

According to the Hilton Head Area Association of Realtors , the median home sale price jumped 15.3% This rapid increase in prices, coupled with local housing inventory dropping over 50% in 2021, has meant times are tough for buyers looking to settle in Bluffton. However, this growth has come at a cost. in 2021 to $330,745. “It

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Despite hardships from pandemic, 40% of Latinos still plan to become homeowners: survey

Housing Wire

The survey also noted evidence that predominantly Hispanic neighborhoods, or neighborhoods with a Hispanic population of 50% or more, saw more than double the amount of first-time home buyer activity than that of the rest of the country between the second quarter of 2019 and the second quarter of 2020.

Inventory 433
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Things to Keep in Mind When Pricing Your Home

Lamacchia Realty

That is why pricing your home accurately from the beginning will typically generate increased activity from buyers and higher offers. These days, buyers have access to the same information as REALTORS and are not fooled by an overpriced home; they will typically steer away from it if they believe the price is too high.

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Housing Prices are Forecast to Decrease 20% Next Year

D Fritz Appraisals

This rise has caused rental rates to spike, increased demand for housing and has made it very difficult, if not impossible, for first-time buyers to get their foot in the door of home sweet home. For home buyers, it’s roughly the same experience. Elsewhere on Vancouver Island, home prices also rose sharply.