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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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‘2021 all over again’: Agents get to work as spring homebuying arrives

Inman

who spoke to Inman saw the return of bidding wars and busy open houses, suggesting that after a slow 2022 the market is turning a corner. On the first day of spring, agents across the U.S.

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Selling a Home Vacant vs. Furnished: How it Impacts Open Houses

Lamacchia Realty

SELLING A HOME VACANT VS. FURNISHED: HOW IT IMPACTS OPEN HOUSES. April 8, 2021. February 9, 2021. September 8, 2021. The post Selling a Home Vacant vs. Furnished: How it Impacts Open Houses appeared first on Lamacchia Realty. Additional Resources. Seller Resources. Read More ». Want To Be Sellers.

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Study: Real estate firms thrive on repeat and referral business

Housing Wire

On the flip side, interest generated from traditional open houses declined from 2018, according to the National Association of Realtors ’ 2021 Profile of Real Estate Firms. In 2018, 1% of surveyed brokerages said their business came from open houses. Closed sides were up 15.8% When compared to the 5.6%

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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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14 real estate trends Gen Z buyers are looking for

Housing Wire

Baby boomers and millennials have dominated the home-buying conversation in recent decades, but a new generation of homeowners is browsing online listings, heading to open houses and planning their home-buying budget. In addition to high interest rates, low housing stock means homes are still expensive.

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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. Since COVID-19 has enforced more restrictions on open houses, Redfin allows buyers to unlock the door of most RedfinNow listings via the Redfin app and self-tour seven days a week from 8 a.m.