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Existing home sales data shows extent of housing inflation

Housing Wire

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% Existing home sales have more legs to go lower, especially now that new listing data is falling. from July to a seasonally adjusted annual rate of 4.80 million in August.” All in all, the report looks right to me.

Inventory 438
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29 Cutting-Edge Real Estate Marketing Ideas for 2024

Housing Wire

New findings from the National Association of Realtors (NAR) show a fresh picture of who’s buying and selling homes, with more first-time buyers entering the market and families looking for homes that fit multiple generations. Advertising on Zillow can put your brand in front of millions of potential buyers and sellers.

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The Current Colorado Housing Market and Predictions for 2024 and Ahead

Movoto

For those currently seeking homes in Colorado , being a shrewd buyer will be more important than in most parts of the country because the state tends to hold its residents. Like many other areas, Colorado house prices have been rising, so buyers should gather as much intel as possible about the homes and areas they’re considering.

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Remove all bathtubs from home?

Appraisal Today

This outlook implies that 30-year mortgage rates will climb further to around 6.8% – exacerbating affordability headwinds for the housing market, especially for prospective first-time home buyers. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 7.02

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Will Springer Realtor - Untitled Article

Will Springer Realtor

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. The number of active King County listings, as of Dec. in a month, down 3.9%

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Sellers accused NAR and other defendants of unlawfully inflating compensation paid to agents to bring financially qualified buyers to homes.Potential members of the class action can send objections or comments about the settlement to the court. About three-quarters of the 459 residences are under contract with a target opening late this year.

HOA 36
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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. Sidenote: Adjustable-rate mortgages (ARMs), which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for new buyers financing a home.