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New home sales fell again in February

Housing Wire

Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. Inventory is at a record low and homes are selling within a week of being listed – more than two weeks faster than they did in February 2020.”. “One year ago, 31% of new home sales were priced below $300,000. after a 10.4%

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Opinion: The end of seller speculation in US housing market

Housing Wire

Even though sellers’ median valuations in each of these housing markets grew by an astounding 40% or more over the previous year, only one market, Panama City, Florida, saw a year-over-year increase in the number of homes newly listed for sale. The end of seller speculation in the housing market is long overdue and welcome news for buyers.

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The nation’s housing market is on a correction course

Housing Wire

“We calculate that over 80% of metro areas are meaningfully overvalued,” Zandi said during the Recursion webinar. “… First-time homebuyers are locked out because they just simply can’t afford to buy … and trade-up buyers are locked in [with interest rates well below current market levels]. “So, Inventories are rising across the country.

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4 reasons you’re better off selling your house this spring [INFOGRAPHIC]

Cornerstone

Spring home sales should be speedier. Here’s a quick recap of why selling can be a smart move this spring: Springtime normally shows an influx of buyer activity. NAR’s recent Existing Home Sales report showed that pre-spring home sales were up 23.7 Spring is a favorable season for move-up buyers.

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Safety Tips for Real Estate Agents

Eppraisal

There is a lot in the news about the real estate market and how home values are rising, inventory and interest rates are low, and the like. NAR states, "Crimes against real estate professionals have risen 300% since 2006, and 14% of Realtors have feared for their safety while working." Let the buyer walk around in the rooms.

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8 Experts: Sky-High Housing Prices Won’t Fall

Empire Appraisal Group

On the supply side, a decade of underbuilding of homes, regulatory barriers, high construction costs combined with people staying longer in their homes have kept housing inventory low. But … home price growth will decelerate in the coming year, experts predict. Stronger mortgage market. Copyright © 2021, USATODAY.com, USA TODAY.

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How to Reduce Appraisal Revision Requests

Appraisal Today

When I did my national conferences from 2001 to 2006 there were no tests. ==. How Grocery Store Locations Impact Home Values. The average value for homes near a Whole Foods is $891,416, and $321,116 for homes near an ALDI. Qualified buyers and listing prices. Not required by California.