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Real Estate Exchange files antitrust suit against Zillow, NAR

Housing Wire

Real Estate Exchange (REX) filed an antitrust lawsuit Tuesday in federal court against Zillow , accusing the company of anticompetitive behavior related to showing certain homes on its platform. Real Estate Tech Demo Hour. Tune in March 16th to experience demos from the most innovative real estate technology solutions.

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The mortgage rate lock-in didn’t start in 2022

Housing Wire

After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. In July 2022, new listings volume per week dropped from 90,000 at the end of June to approximately 74,000 just after the July 4th holiday. It’s simple: When money is very cheap, we want to own real estate.

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Opinion: Key signals to watch in a volatile real estate market

Housing Wire

In May, I wrote about the signs to watch for a real estate market slowdown. The price of new listings is dropping. This figure is ahead of last year’s home inventory levels — and slightly more than we had in 2020 — but it is still near record lows. More homes are taking price reductions.

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No seasonal slowdown this year as real estate agents report a busier-than-usual fall

Housing Wire

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. With shut-down orders in the spring, summer became the new home-buying season, but homebuyers were still incredibly active in August. Over the last four weeks ending on Sept.

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Even with low inventory, expect a strong 2021 housing market

Housing Wire

Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market. The divide between supply and demand is striking: compared to last year, total new listings increased.22%,

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Where Are The Affordable Homes?

Appraisal Buzz

According to HouseCanary, a real estate valuation brokerage whose team of economists regularly researches and reports industry trends, there were 287,468 new listings added to the market in September, a 14% decrease since September 2020. Over the … The post Where Are The Affordable Homes?

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Affordable Homes Are In Short Supply

Appraisal Buzz

According to HouseCanary, a real estate valuation brokerage whose team of economists regularly researches and reports industry trends, there were 287,468 new listings added to the market in September, a 14% decrease since September 2020.