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Spring forecast: More inventory and rising home sales

Housing Wire

New listing volume last week was 18% more than a year ago. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. That brings us to 367,000 single-family homes in the contract pending stage. That’s 60,000 new listings and another 17,000 immediate sales.

Inventory 466
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Is The Real Estate Market Shifting?

Birmingham Appraisal

The first is that sales could be slowing down while new listings continue to enter the market. The net effect would be an increase in the listing count. The second reason could be that sales are continuing at a normal rate and there is an abnormal spike in new listings. Conclusion.

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Experts optimistic about home sales in 2021

Housing Wire

However, contract signings rose 21.4% Realtor.com’s Housing Market Recovery Index showed significant contract growth, specifically in Portland, Las Vegas, Denver, Los Angeles, and Boston. There is a high demand for housing and a great number of would-be buyers, and therefore sales should rise with more new listings,” Yun said.

Contracts 531
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2023 Maine Year in Review

Lamacchia Realty

If we were to pinpoint the standout factor, it would be the remarkably low number of homes listed, the lowest in over two decades. This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. Maine Sales Decreased by 18.9%

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Sellers accused NAR and other defendants of unlawfully inflating compensation paid to agents to bring financially qualified buyers to homes.Potential members of the class action can send objections or comments about the settlement to the court. home sales in 2023, the highest level since 2014. Prices rose, too, to near-record highs.

HOA 36
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Will Springer Realtor - Untitled Article

Will Springer Realtor

month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 new Hispanic homeowner households have joined the market since 2014, bringing the current number of Hispanic-owned homes in the U.S. Four other residences have traded hands this year and two more are under contract for sale.

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. Sidenote: Adjustable-rate mortgages (ARMs), which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for new buyers financing a home.