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Even with falling rates, the housing market is shaping up to be bad in Q4

Housing Wire

That’s the largest year over year existing home sales decrease since 2007. More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement. months in October 2021. from October 2021.

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Home Search Strategies for 2022

Eppraisal

According to data from Realtor.com, "The inventory of homes for sale dropped 53% between April 2020 and April 2021." " In a recent fortune.com article written on February 17, 2022, Tristan Bove wrote, "The inventory of homes for sale is down 26% compared to last year, and forecasters see a rough year ahead."

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Key Skills Your Agent Should Possess in Today's Market

Eppraisal

The real estate markets in 2020 and so far in 2021 have been like no other. The demand for homes has been and is still high, as eager buyers rush to new listings and submit offers quickly. Home prices continue to increase and sellers are reaping the rewards of quick sales.

Agents 36
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Real Estate Real Fast EP4 (solo-show with Aaron talking Fall/Winter 2022 Texas housing market)

Listing Spark

The Austin market has cooled down significantly since 2021 and early 2022. There is more inventory available and home sales are down. In August, the median home value in the greater Austin metropolitan area was $496,000 and that’s up 5%. “In If you’re an Austin home buyer, there is a lot of good news.

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November 2023 Connecticut Housing Report

Lamacchia Realty

Single families: $517,863 (2022) | $553,935 (2023) Condominiums: $286,664 (2022) | $325,453 (2023) Homes Listed For Sale: T he number of homes listed is up by 5.7% 2023: 2,765 2022: 2,617 2021: 3,476 Pending Home Sales: The number of homes placed under contract is down by 5.2% What’s next?

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November 2023 New Hampshire Housing Report

Lamacchia Realty

Single families: $549,922 (2022) | $559,251 (2023) Condominiums: $414,921 (2022) | $533,433 (2023) Multi-families: $501,629 (2022) | $469,320 (2023) Homes Listed For Sale: T he number of homes listed is up by 7.3% 2023: 1,336 2022: 1,327 2021: 1,861 Data provided by NEREN then compared to the prior year.

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Texas Real Estate Trends: Q3 2023 Comprehensive Review

Listing Spark

A Dip in New Mortgages With interest rates soaring to unexpected heights, many prospective homebuyers have taken a step back from applying for new mortgages. Many have been caught off guard by the spike in rates and are cautiously waiting and hoping for home values to become more affordable.