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Mortgage rates are the highest they’ve been this year. Did loan officers expect this?

Housing Wire

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. Many of his buyers are still waiting for rates to come down before seeking preapproval for a mortgage. economy remains hot.

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Price Adjustments in this New Housing Market

Lamacchia Realty

Now, months later, with rates up nearly 100% from the start of the year- January mortgage rates were hovering in the low to mid 3’s and this week reached 6.28%- diminished buyer affordability is causing a big downshift in demand. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.

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What Could Make Home Prices Drop in 2023?

Empire Appraisal Group

Buyer demand has dropped due to rising rates, and seller supply slowed too, creating an uneasy balance. But if buyers drop or sellers expand more, it will impact prices. housing market is in an uneasy state of equilibrium. Consider the various countervailing forces in the market heading into the 2023 inventory surge.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make.

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How rookie agents are faring during the pandemic

Housing Wire

At the close of 2019, the National Association of Realtors had 1.4 When you’re starting as a real estate agent you have to get to know your market, your buyers and sellers and you have to get to know the process to actually close a transaction,” Hollander said. “So million members.

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Economic Turbulence Prompts Seattle Area Market Concern vs. Year Ago

Will Springer Realtor

The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers.

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6 Reasons Why Now Is a Great Time to Sell Your Houston Home

Houston Properties

You can also inquire how much your home needs work or get a marketing plan for your property. Hot housing markets don’t last forever, here are six reasons why now is a great time to sell a Houston home: 1. Additional homes should come on the market (increasing supply). – 2019: #1 Individual Agent, KW Texas.