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Pending home sales slowed considerably in April: NAR

Housing Wire

in April compared to March as rising mortgage rates weighed on the market, according to data released Thursday by the National Association of Realtors (NAR). The impact of escalating interest rates throughout April dampened home buying, even with more inventory in the market,” NAR chief economist Lawrence Yun said in a statement.

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No seasonal slowdown this year as real estate agents report a busier-than-usual fall

Housing Wire

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. ” Kanacki’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices.

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The evolution of the more productive real estate agent 

Housing Wire

Bonnie Williamson never intended to be a real estate agent. As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 Just how we do contracts now is so much faster. Brokerages Invest in Tech.

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When it comes to home sales, August is the new May, keeping agents busy into the fall

Housing Wire

Rather than a typically busy spring home-buying season , the COVID-19 pandemic pushed the bulk of home-buying this year into the summer months, and real estate agents are busier than ever. Homes on the market sold four days faster year over year, as total inventory is down 35%. Now, agents are showing and selling nonstop.

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Fed’s Beige Book shows recent moderation in mortgage rates propped up demand for homes

Housing Wire

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

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9 innovative strategies to get more real estate seller leads in 2024

Housing Wire

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. Data analysis allows real estate agents to focus their marketing efforts (and budget!) When you buy through our links, we may earn a commission.

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Q1 AgentPulse survey: Agents aren’t yet fielding commission lawsuit questions

Housing Wire

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. Some agents reported not having made any changes to their business due to the lawsuits, while others have. Always will too,” one wrote.

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