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Are existing home sales showing a housing bubble?

Housing Wire

Today, existing home sales blew out estimates , coming in at 5,860,000. With new home sales, pending home sales, housing starts, housing permits, and purchase applications already in v-shape recovery mode, this last metric completes the v-shaped recovery across the board for housing.

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The 2021 housing market recap by Logan Mohtashami

Housing Wire

economy continue to recover from the lows of April of 2020, but the 2021 economic data shows it has been one of the hottest years in many decades. Retail sales have been off the charts, job openings are at 11 million, GDP growth picked up big time and jobless claims hit a level last seen in 1969. However, not only did the U.S.

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Savvy real estate agents look beyond ChatGPT

Housing Wire

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” In this article, I will explain the history of AI, the projected financial impact on real estate and the cutting-edge tools available today for savvy agents. Job functions most likely to be impacted include sales, marketing and software engineering.

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Housing inventory crisis continues in 2022

Housing Wire

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. This data comes from the recent existing home sales report which has been outperforming lately.

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Logan Mohtashami: The 2022 housing forecast

Housing Wire

Even with the hot economic growth, the hottest inflation data in decades, and the Fed rate hike discussion picking up, this range of 1.33%-1.60% has held up nicely for most of 2021, meaning mortgage rates were going to be low in 2021. The economy was on fire this year, and inflation data was super-hot. The forecast. The backstory.

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2021 Twin Cities Apartment Market Trends

Simonson Real Estate

In this article, we will share the Twin Cities apartment market data from 2021 and give insights on what to expect in 2022. New Construction sales have been in the $250,000-$300,000 range. We will need to see rent growth to continue to justify new construction looking ahead. With that, also comes great opportunity.

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Reducing the racial wealth gap by expanding down payment assistance

Housing Wire

With home equity accounting for a quarter of total U.S. More than twice as many Black families (19%) as White ones (9%) have zero or negative net worth, making a down payment on a first home an insurmountable obstacle for many minority families. A growing need for down payment assistance. Presented by: Quicken Loans Mortgage Solutions.

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