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What could the spring 2021 housing market have in store?

Housing Wire

Shelter-in-place directives proliferated across many communities and open houses canceled. But what does next spring’s housing market have in store? There is a heightened amount of uncertainty on the market outlook given the difficulty of forecasting how the pandemic will evolve. Housing and mortgage outlook.

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RedfinNow launches in Phoenix housing market

Housing Wire

Phoenix is the first market RedfinNow has launched in 2021, following the launch of San Francisco and Seattle early last month. RedfinNow is entering an already crowded market, joining the likes of Zillow , Opendoor and Keller Offers as well as bridge solutions like Knock Home Swap. with no appointment needed.

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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. Inventory issues.

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Buyers viewed just eight homes before making their purchase

Housing Wire

In 2021, homebuyers who successfully purchased a home viewed a median of only eight properties before completing their transaction, according to a report by the National Association of Realtors , published on Tuesday. In 2021, 95% of buyers use online tools to look for houses, with 51% reporting that they found their eventual home online.

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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. The debt level, both current and anticipated in 2021, is worrisome.

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Real estate agents wonder if inventory levels will ever return to ‘normal’

Housing Wire

“Prior to the COVID-19 pandemic, it was normal for inventory to rise in February as the spring home sellers began listing their homes and buyers weren’t yet out in force,” Simonsen wrote in his February 13 housing market update. We are seeing some modest increases, but the pressure is still there for the buyers,” Redding said.

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Price Adjustments in this New Housing Market

Lamacchia Realty

2018 and 2019 depict the paths of what was a ‘typical’ market prior to the pandemic. 2020 and 2021 did see slight hills and valleys but nothing as intense as the years prior. The post Price Adjustments in this New Housing Market appeared first on Lamacchia Realty.