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Buyers are overpaying, but are there signs of a bubble?

Housing Wire

Home prices have skyrocketed in the past year, and data from Redfin backs up what buyers, sellers, and agents have known for months. Presented by: LoanScorecard. “This is the strongest seller’s market since at least 2006,” Fairweather said. The post Buyers are overpaying, but are there signs of a bubble?

Buyers 545
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Even with low inventory, expect a strong 2021 housing market

Housing Wire

Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market. The divide between supply and demand is striking: compared to last year, total new listings increased.22%,

Inventory 546
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Mortgage rates should drop below 7% as housing demand picks up

Housing Wire

Purchase application data Hello, early Christmas present! One concern with higher mortgage rates was that more sellers — who are traditional buyers — would not list their homes. I talked about growth in the new listings data on CNBC as it appeared to me we were forming a bottom months ago.

Mortgage 542
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More than half of homes sold above asking price in May

Housing Wire

The report also shows the housing market also set new records for home-selling speeds and competition, although seasonally adjusted home sales and new listings flattened from April. “Sellers are still squarely in the drivers’ seat, but buyers have hit a limit on their willingness to pay. . from April.

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Housing inventory growth slows to a halt

Housing Wire

We saw some good growth this week, and hopefully, in 2024, we can close the gap and get back to 2021-2022 data on new listings. That is the critical period for new listing data to grow; remember, most sellers are buyers. Weekly inventory change (Nov.

Inventory 437
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Mortgage rates are close to 7%, and may remain so for several weeks longer

Housing Wire

Though a strong job market and cooling inflation means many households will be in a good position to buy a house, high mortgage rates and still-high housing prices continue to present stiff challenges, said Realtor.com economist Jiayi Xu. As a result, home purchases are slowing and more pressure is added on home and rental prices.

Mortgage 332
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30 real estate social media post ideas (+ popular agents to follow)

Housing Wire

In this article, we’ll share ideas and tips, including the best way to present new listings and how to engage your followers with valuable educational content. Be sure to label on the photo or video that your post is a new listing, as people may miss the caption while scrolling.