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Why are existing home prices rising when sales are still so low?

Housing Wire

The supply and demand equilibrium changed after November 2022, and that itself has kept prices rising even with existing home sales still trending at the lowest levels ever for the third calender year. from February to a seasonally adjusted annual rate of 4.19 This scenario is similar to 2023 when rates fell. million in March.

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Is the spring housing market about to rebound?

Housing Wire

A look back: The early 2023 housing slowdown Bidding behavior on the Auction.com platform provides one of the best barometers of the retail housing market because the success and livelihood of these bidders depends heavily on them accurately anticipating what the retail market will look like in the next six months.

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A conversation with NAR’s newest leader

Housing Wire

That puts Kasper on schedule to be the NAR president in December 2023. HousingWire spoke with Kasper about her home sales, the NAR fending off antitrust accusations, and the extensive legislative agenda of the NAR, which annually rivals the U.S. HousingWire : Idaho is example 1A of increased housing demand amid the pandemic.

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The big short in housing supply isn’t going away

Housing Wire

This article is part of our HousingWire 2022 forecast series. The supply-demand imbalance fueling the housing market shows no signs of abating in 2022, even as homebuilders attempt to bridge the gap. Any market characterized by rising demand against insufficient supply is Econ 101 for price growth.

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8 best places to buy real estate leads in 2023

Housing Wire

Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions. Below, we evaluated several platforms to find the top eight lead generation providers agents can buy real estate leads from in 2023.

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How to gain a competitive edge through in-house servicing

Housing Wire

Analysts in the mortgage industry are projecting that 2024 will be a better year than 2023 across the board. In a HousingWire report , analyst firm Jeffries said that they believe the worst of the current mortgage cycle is behind us, and Moody’s forecasts that the Federal Reserve will decrease rates three or four times this year.

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Housing industry continues to shed employees in economic downturn

Housing Wire

“Volume estimates for the fourth quarter and 2023 are coming down further and fresh cost reductions will be needed to adjust to this new level,” Bhattacharya said. . HousingWire sent a request for comments to the company’s spokesperson, but had not received a response at the time this article was published.