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The silver lining in the existing home sales report

Housing Wire

On Thursday the National Association of Realtors reported that we had a 23.8% With such massive home-price growth in 2020 and 2021 breaking my affordability model, I knew we were at high risk of a more significant sales decline than usual if the 10-year yield broke over 1.94%, which meant 4% + mortgage rates. However, going from 2.5%

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“It seems impossible:” Bergen County, NJ’s housing market is vexing agents and buyers

Housing Wire

70 towns, 90 new listings Local agents say the county’s tight inventory situation is largely to blame. “We We have been complaining about the lack of inventory for as long as I can remember, but then we at least had more listings,” Danny Yoon , an Edgewater, New Jersey-based Sotheby’s International Realty agent, said.

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Best real estate apps for agents in 2024

Housing Wire

per month Use it for: Creating professional marketing materials Apple Store Google Play Why we chose it: Founded by Australian entrepreneur Melanie Perkins in 2013, Canva is still the most popular marketing app for Realtors for a good reason: it makes creating professional marketing materials easy. Already have a lender you love?

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The Cleveland Area Housing Market Was Skating Along… And Then This Happened

Cleveland Appraisal Blog

How have the rapidly increasing mortgage interest rates impacted the housing market in Northeast Ohio? However, we have significantly fewer active listings than we did before the pandemic began. Interestingly, the number of active listings has dropped every year since at least 2013. Let’s talk about it.

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2023 Maine Year in Review

Lamacchia Realty

The attempt to restore equilibrium in interest rates, following their drastic drop in 2020, brought about then of pandemic-induced rates, resulting in a sustained presence of higher monthly mortgage payments. The frenzied market of 2021 was unsustainable, and consumers and REALTORS alike hoped for a return to normalcy.

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HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

also the oldest age of a first-timer ever recorded by the National Association of Realtors® (NAR). NAR’s Housing Affordability Index is a good measure of whether a household earns enough to qualify for a mortgage on a typical home. None of the Seattle-area counties were on the list. >> >> Bellevue is rated No.

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