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Days on market grow despite low inventory for existing homes

Housing Wire

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. Seasonal impacts are the norm with housing, and new listing data is negative 6% year to date.

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Appraiser Salaries

Appraisal Today

The sellers custom built the home between 2007 and 2009, using high-end materials and finishes, including a wall of windows and 26-foot-high ceilings in the great room. The seller wanted that to be a part of the home, and he didn’t want it down in a cellar. But the MLS is also finding new benefits in its partnership with RPR®.

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2023 Maine Year in Review

Lamacchia Realty

The frenzied market of 2021 was unsustainable, and consumers and REALTORS alike hoped for a return to normalcy. However, a significant portion of the decrease is also linked to the persistently low inventory levels due to a lack of sellers. The dip in sales in 2022 wasn’t much of a surprise; rather, it was a welcomed relief.

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SEATTLE ‘WALKING’ TOWARDS URBAN CONNECTEDNESS

Will Springer Realtor

BY THE NUMBERS >> A survey of 2000 adults across the 50 largest U.S. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. The few homes that are available are selling quickly and at or above list price.”

Sellers 36
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HOME BUYERS FACING ‘TRIPLE-WHAMMY’ EFFECT

Will Springer Realtor

The House version, HB 1782 , is backed by developer and Realtor® lobbyists, Habitat for Humanity and environmental groups, according to The Seattle Times. HB 1951 would remove “Don’t Know” from the Seller Disclosure Statement that owners complete with the sale of a home. . >> home buyers. rental-vacancy rate dropped to 5.8%

Buyers 36
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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

annually between 1968 and 2000 but has since dropped to an average rate of 0.7% There is a strong desire for homeownership across this country, but the lack of supply is preventing too many Americans from achieving that dream,” said Lawrence Yun, chief economist for the National Association of Realtors® (NAR). million to 6.8

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JUST IN TIME: THE 15-MINUTE COMMUNITY

Will Springer Realtor

“We envision a country where no matter where you live, or who you are, you can enjoy living in a place that is healthy, prosperous and resilient,” Calvin Gladney, CEO of Smart Growth America, told a group of Realtors® in D.C. I am often asked by sellers what home projects should they address to get the highest return on investment.

Buyers 36