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How is the housing market impacting real estate agents?

Housing Wire

A real estate agent at Compass Florida in Coconut Grove, Schechter has 12 years of experience in the real estate industry, so he’s familiar with its cyclical ups and downs. But today’s housing market has forced him to pivot to remain successful. This market is like nothing we’ve ever seen,” he said.

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“It seems impossible:” Bergen County, NJ’s housing market is vexing agents and buyers

Housing Wire

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At as of March 6, 2024.

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5 steps to succeed as a real estate agent in a down market 

Housing Wire

It’s a weird time to be a real estate agent , and I see it all around me here in the Denver metro. Brokers who rode the proverbial wave of real estate during the pandemic and have now had to reroute or pivot to figure out how to navigate a market that was once boasting the lowest rates in decades are disoriented.

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Louisiana’s housing market has an insurance problem

Housing Wire

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. We have an insurance problem,” said Charlotte Johnson , a Keller Williams agent based in Mandeville. as of April 5, 2024 — down from 37.21 recorded in mid-February 2020.

Insurance 380
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Typical homebuyers made $107,000 annually, used a real estate agent in 2023: NAR survey

Housing Wire

“Given the erosion of housing affordability due to higher home prices and mortgage rates , the household income for those who successfully purchased homes jumped by nearly $20,000 and topped six figures for only the second time in our records,” Jessica Lautz, NAR deputy chief economist and vice president of research, said in a statement. “In

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Working with buyers in the nation’s hottest housing market

Housing Wire

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. And all of those prospective homeowners flocking to the city are fighting for the same small pool of houses.

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The Bay Area is the country’s 4th-hottest housing market

Housing Wire

As of March 29, the San Francisco-Oakland-Fremont metropolitan area was the fourth-hottest housing market in the country. The Bay Area metro had a 90-day average Market Action Index score of 61.19, according to data from Altos Research. Altos considers anything above a Market Action Index of 30 to be a seller’s market.