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Why home prices haven’t crashed even with high mortgage rates

Housing Wire

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. This happened even with higher home prices and higher mortgage rates in 2023. Now lets take a look at the weekly inventory data.

Mortgage 533
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Why aren’t builders creating more housing inventory?

Housing Wire

Census Bureau reported that housing starts hit 1,534,000 for July, missing estimates. This mixed bag of results reflects the typical variability in the data that occurs when not too much has been happening in housing except that monthly supply has been rising for the new home sales market. Today, the U.S.

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8 best places to buy real estate leads in 2023

Housing Wire

These providers offer a rapid and cost-effective means for real estate agents to gather a list of potential clients and ultimately boost sales. 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.

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Are existing home sales showing a housing bubble?

Housing Wire

Today, existing home sales blew out estimates , coming in at 5,860,000. With new home sales, pending home sales, housing starts, housing permits, and purchase applications already in v-shape recovery mode, this last metric completes the v-shaped recovery across the board for housing. Look, I get it.

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The 2021 housing market recap by Logan Mohtashami

Housing Wire

Retail sales have been off the charts, job openings are at 11 million, GDP growth picked up big time and jobless claims hit a level last seen in 1969. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. What a year 2021 has been. However, not only did the U.S.

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What Is a Reconciled Value?

Cleveland Appraisal Blog

Have you ever read thru an appraisal report? The Sales Comparison Approach, the Cost Approach, and the Income Approach. The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised.

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7 best real estate schools in Massachusetts for 2024

Housing Wire

We’ve researched the best online programs to help you quickly complete the 40 hours of prelicensing classes required by the Commonwealth of Massachusetts. Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Let’s review our findings!