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Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

The monthly Realtors Confidence Index helps to dispel many of the myths and cut through the noise of what is currently happening in the market. The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. In comparison, in 2011, homes took 96 days to sell. .

Realtors 411
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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. However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% pending home sales fell 1.1% compared to a year ago. Presented by: Fannie Mae.

Realtors 535
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Pending home sales shock 2021 housing crash bears

Housing Wire

From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% An index of 100 is equal to the level of contract activity in 2001.” When inventory rises and more supply is on the market, this means demand is fading.

Inventory 532
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Expensive regions see the biggest dip in home sales

Housing Wire

Higher mortgage rates continued to impact home sales over the last month, with existing home sales declining in September for the eighth consecutive month, according to a report from the National Association of Realtors (NAR). . regions experiencing month over month contractions. .” on a year over year basis, dropping to 4.71

Inventory 404
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2023 Real Estate Forecast: Market to Regain Normalcy

Empire Appraisal Group

But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. Housing inventory is expected to remain tight in 2023, with housing starts below historical averages and fewer homeowners willing to sell, said NAR Chief Economist Lawrence Yun.

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Existing home sales will drop to 4.78 million in 2023, NAR predicts

Housing Wire

The National Association of Realtors predicts there will be 4.78 million existing homes sold in 2022 already represent a 16% year-over-year decrease and the lowest number of existing home sales since 2014. Fraud risk continues to rise even as the market contracts . million existing home sales in 2023, down 6.8% from the 5.13

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Top Ranked Realtors: Paige Martin & The Houston Properties Team. Properties are still going under contract. Based on last year’s sales data, the number of homes that have gone under contract is still consistent with figures prior to the coronavirus and the oil price crash. I May Need To Sell. How Does This Affect Me?