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Existing home sales data shows extent of housing inflation

Housing Wire

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 Existing home sales have more legs to go lower, especially now that new listing data is falling. We don’t want to see that in America, but that might be a reality in 2023. million in August.” million in August 2021).”.

Inventory 454
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29 Cutting-Edge Real Estate Marketing Ideas for 2024

Housing Wire

New findings from the National Association of Realtors (NAR) show a fresh picture of who’s buying and selling homes, with more first-time buyers entering the market and families looking for homes that fit multiple generations. Ideal for realtors looking for functionality without a big price tag.

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Smart Tools for Success: Top Apps for Real Estate Investors

Listing Spark

In the first quarter of 2023 alone, real estate investors flipped 72,960 homes. For both new and experienced real estate investors, this bodes well for the 2024 market. The last few months of 2023 saw a dramatic turnaround in interest rates, which had been climbing steeply only to fall into the 6% range.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

In March 2023, we had an undersupply of 1.7M ” Bough presided over a trial last year that ended in a $1.8B (yes, with a “B”) verdict against the National Association of Realtors® (NAR). home sales in 2023, the highest level since 2014. With the settlement, a wave of new listings hit the market in the past several weeks.

HOA 36
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ROOTING HARD FOR LOWER MORTGAGE RATES

Will Springer Realtor

The National Association of Realtors® noted an estimated 41% of owners remain in their homes for a duration equal to or exceeding the median tenure of 13 years thanks to today’s higher rates. The 802 new listings last month were a low not seen since records were archived online from 1990. List price: $6.499M ($1161/sq.

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HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

also the oldest age of a first-timer ever recorded by the National Association of Realtors® (NAR). The season has been shaped by slumping new listings, a slowly climbing number of homes sitting on the market from previous months, fewer closed sales compared to last year and prices moving plus/minus five percentage points year-on-year (YoY).

Buyers 36
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SEATTLE ‘WALKING’ TOWARDS URBAN CONNECTEDNESS

Will Springer Realtor

A modern version of the regrade is taking place along the downtown waterfront (pictured above) with the addition of Overlook Walk, a breathtaking pedestrian bridge and viewing deck that will soon connect with Pike Place Market and other attractions in downtown. The few homes that are available are selling quickly and at or above list price.”

Sellers 36