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Pent-up demand & glowing new construction

Sacramento Appraisal Blog

The number of sellers who have not listed their homes this year is really starting to add up – not to mention a growing pile of buyers. And speaking of building, new construction has been glowing this year. Let’s talk about it.

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Buyers are being picky — here’s how you can navigate it as a real estate agent

Housing Wire

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

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The homebuilding space consolidates after strong results in 2023

Housing Wire

In many respects, 2023 was the year of the homebuilder. The persistent scarcity of existing homes drove buyers toward newly built properties, allowing builders to maintain double-digit margins. New construction accounted for approximately 30% of active for-sale housing inventory, doubling the usual figures for a standard year.

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1 in 3 Sellers Granting Buyer Concessions

Empire Appraisal Group

1 in 3 Sellers Granting Buyer Concessions By Kerry Smith Two Fla. SEATTLE – Home sellers gave concessions to buyers in 35% of U.S. home sales during the third quarter (3Q) of 2023, according to a report from Redfin – about the same as one year earlier (35.9%) but up from 27.6% in 2023, down from 40.0%

Sellers 78
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Sellers are hibernating & the housing market feels broken

Sacramento Appraisal Blog

Sellers are hibernating. It’s been striking to see sellers sitting back so far in 2023, and it’s really starting to create more competition for buyers. Let’s talk about it. Scroll by topic or digest slowly.

Sellers 218
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Unsold homebuilder inventory is ticking up as new home sales slow

Housing Wire

“Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said.

Inventory 487
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Special report: Jacksonville’s brokerage competition visualized

Housing Wire

Its listings in 2023 fell below its 2019 level, although the drop was less steep than that experienced outside of Florida and far less steep than other metros like San Diego. In 2023, not only is Watson Realty’s lead gone, but the company has fallen to 3rd place in listings. Competition heats up In 2019, Watson Realty Corp.

Brokerage 407