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3 mortgage industry trends that will define the rest of 2021

Housing Wire

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Eric Levin is EVP of Client Development at Model Match.

Mortgage 518
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Four ways real estate agents and brokers can leverage artificial intelligence

Housing Wire

Maintaining a consistent pipeline of potential buyers and sellers ensures the business’s sustainability and growth, but it requires an immense amount of work and marketing expertise, which is often outside an agent’s core competencies. Since 2020, Addressable has facilitated nearly $2 Billion in home sales across 44 states.

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Price Adjustments and the 2023 Market

Lamacchia Realty

Now, a year and a half later, with rates up to 8%, buyer affordability is significantly diminished. Coming from the frenzied pandemic market where inventory was at historically low levels , sellers are holding the line and buyers are still the ones competing in this market. In the graphic to the right, you can see this more clearly.

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5 Helpful Steps When Selling a Home With Kids

Lamacchia Realty

You need a place for your kids to play around and have fun, but you also want to keep your house in tip-top showing shape at the same time. We have developed five helpful tips that you can follow in order to please both your children and buyers. Stay Calm: Don’t lose sleep! People do this all the time.

Buyers 74
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Guide to EaDo / East Downtown Townhomes

Houston Properties

Home to some of the best townhomes in the Inner Loop, EaDo is also one of Houston’s most exciting neighborhoods thanks to great access to downtown and fantastic new development projects. East Downtown (EaDo) is a rapidly developing neighborhood adjacent to Downtown Houston. 2020: Best Houston Real Estate Team, Best of Reader’s Choice.

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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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Price Adjustments in 2021: Tis the Season

Lamacchia Realty

Though there were several months through winter and spring that it never seemed possible this year, the market is slowly beginning to be less competitive for buyers. But if the home has been available long enough, it’s time to consider adjusting the list price to gain more visibility from more potential buyers.