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As rising mortgage rates push buyers to the brink, sellers are starting to cut prices

Housing Wire

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. The five metro areas with the highest percentage of listings with price cuts for the week ending Sept. According to the brokerage, 6.5%

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Has the housing market peaked?

Housing Wire

This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Demographics still point towards a market with strong demand – the largest cohort of millennials, the largest generation in U.S. To register for the HW+ event, go here.

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What happens after the Fed’s rate hike?

Housing Wire

Over the weekend, The Wall Street Journal brought up this point — that the Fed is mindful that household balance sheets are much better now due to the excess savings built up during the COVID recovery and they might need to raise rates again or keep them high to trigger their job loss recession to fight inflation.

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SmartZip Review: Can data improve your prospecting game?

Housing Wire

It’s no secret that homeowners search online to find a listing agent who can sell their home quickly and for top dollar. SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market. But what if you could find them first?

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How Surplus & Excess Land Work

Cleveland Appraisal Blog

I hope you all are hanging in there and doing as well humanly possible. To start off the new year, I thought that I would tackle the topic of land. It can be easy to over-simplify value because value is not always as clear cut as it appears. The value of something usually changes depending on its size.

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8 best places to buy real estate leads in 2023

Housing Wire

Whether you’re looking for exclusive leads or simply aiming to boost your website traffic, this article will help any real estate agent or broker learn how and where to buy real estate leads in 2023. It dishes out everything from email and SMS marketing to effective lead capture forms and an integrated CRM system.

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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

Grace Alipour spoke loudly into the phone over the cries of her two-year-old being strapped into a car seat. “I I started at Redfin 12 years ago,” she said. It is high-volume work,” Alipour recalled. With a two-year-old, I couldn’t meet the quota,” she said. And in 2017, I decided to go on full-time as a lead agent.”.

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