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February pending home sales disappoint, but maybe we’re turning a corner?

Housing Wire

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. Month-over-month, contract signings increased in three U.S. regions, but declined in the West, according to the National Association of Realtors.

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Dave Stevens on understanding this housing market

Housing Wire

It created a massive demand for home purchases as consumers competed to win a sales contract and get a home with a low single digit interest rate. It means a massive contraction in demand for mortgages, tighter margins, corporate layoffs and “right-sizing,” and concerns about what the future may hold.

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State of the mortgage industry half-time report

Housing Wire

However, the lenders and loan officers who will be most successful in the second half of 2022 will be those who pivot quickly, understanding both the nuances of the market and the best strategies to help solve problems for today’s homeowners, homebuyers, homesellers, Realtors and financial advisors. Their research shows the U.S.

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Ohio Land for Sale: Is the Market Still Ripe for Growth in 2022?

The Robert Weiler Company

Data through the first half of 2022 has been tallied on Ohio land for sale. All indicators show an extremely positive trend that will likely continue through the rest of 2022 and beyond. And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. billion).

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Single-family rental market slammed by headwinds

Housing Wire

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . trillion — down by 15% compared with 2022. And 2022 was off by some 17% from 2021.

Marketing 400
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November 2023 Connecticut Housing Report

Lamacchia Realty

Single families: 2,402 (2022) | 2,109 (2023) Condominiums: 736 (2022) | 623 (2023) Average sales price has increased by 8.2% 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%

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November 2023 Massachusetts Housing Report

Lamacchia Realty

Single families: 3,813 (2022) | 3,447 (2023) Condominiums: 1,662 (2022) | 1,487 (2023) Multi-families: 603 (2022) | 463 (2023) Average sales price increased 4.5% year-over-year, now at $669,783 compared to $640,766 in November 2022. In Massachusetts, home sales are down yet again in November 2023 by 11.2%.