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Rising home prices take a toll on pending home sales

Housing Wire

However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices. pending home sales fell 1.1% compared to a year ago. Presented by: Fannie Mae.

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Appraisals – Check the Water Source!

Appraisal Today

It did not even though many lots nearby were developed. NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. USPAP and the Contract. Excerpt: But USPAP and the contract have a very unique relationship.

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Are new home sales flagging a recession?

Housing Wire

Census Bureau and the Department of Housing and Urban Development. My biggest thing is getting total inventory back to 2018-2019 levels, which can range from 1.52-1.93 However, this isn’t going to help much because the existing home sales market has a different inventory channel. This is 16.6 percent (±10.4 percent (±13.7

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The nation’s housing market is on a correction course

Housing Wire

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

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Housing starts are rising, despite cost to buyers

Housing Wire

More than a quarter of single-family homes for sale during the first quarter were new-construction homes — nearly 26%, and March housing starts jumped nearly 20% month over month to the highest level since 2006, per the latest report from Redfin. Rates recently fell below 3% , and are nearly 30 basis points lower than they were a year ago.

Buyers 450
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The evolution of the more productive real estate agent 

Housing Wire

But with rising mortgage rates, still-rising home prices, and record-low levels of inventory, this might be easier said than done. The agents who spoke with RealTrends all viewed any time spent developing leads and cultivating relationships that will help them grow their client base as productive. Brokerages Invest in Tech.

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New Hampshire 2023 Year in Review

Lamacchia Realty

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. 2023 Real Estate Performance Highlights The number of homes sold decreased by 18.9%