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New homes are selling like it’s 2006 again

Housing Wire

million seasonally adjusted annual rate, according to the Department of Housing and Urban Development and the U.S. This is the fastest sales pace since September 2006. The post New homes are selling like it’s 2006 again appeared first on HousingWire. from February to a 1.02 Census Bureau. lower than March 2020.

Buyers 483
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William Raveis acquires South Carolina-based Carson Realty

Housing Wire

Founded in 2006, Carson Realty serves clients in the South Carolina markets of Hilton Head, Bluffton and Lake Keowee. According to a press release, this acquisition gives William Raveis a large market share increase in the Hilton Head and Bluffton areas of Beaufort County. Our business model is unique.

Realty 299
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Opinion: Can tech and iBuyers fix the real estate market?

Housing Wire

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. While each of these digital companies successfully addressed a problem in the market, other pain points still existed.

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Here’s why we won’t see a housing crisis after COVID-19

Housing Wire

Vaccine development is progressing with some promising early results. I already hear murmurs from the fear-mongering housing bears that once the forbearance plans expire, we can expect to see a collapse of the housing market in America like we haven’t seen since the bubble years. What can we expect post COVID-19?

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HECM program study assesses policy impacts of recent years

Housing Wire

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. The bulk of losses came from loans that originated between 2006 and 2010,” the report stated.

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The nation’s housing market is on a correction course

Housing Wire

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Freddie Mac projects that home-price growth will average 12.8%

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Rising home prices take a toll on pending home sales

Housing Wire

in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. Right now the Census Bureau and Department of Housing and Urban Development estimate a current supply of 3.3 pending home sales fell 1.1% compared to a year ago.

Realtors 532