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Existing home sales data shows extent of housing inflation

Housing Wire

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% Existing home sales have more legs to go lower, especially now that new listing data is falling. It doesn’t even look like we will breach the lower level of my inventory wish list of 1.52 from July to a seasonally adjusted annual rate of 4.80

Inventory 458
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My Forbes Column: Keeping Housing Market Results From The Public Is Never Justified: An Expansive View

Miller Samuel

I still have my old monthly MLS books and remember logging on to the MLS from one ancient (even then) terminal in the office - talk about delayed market information! The days on market (DOM) metric is significant to sellers because they don’t want their home to be perceived as overpriced if it sits unsold too long. Only sellers matter?

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Facing Real Estate Challenges with GoFormz

GoForrmz

From virtual tours to real estate apps, it now takes less time and effort to communicate between sellers and buyers. From ordering food to booking a ride, we can do just about anything at our fingertips. Buyers and sellers can be in completely different parts of the world and still access their contracts at any time!

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Get more real estate buyer leads in 2024

Housing Wire

It offers a multichannel online advertising service that finds and attracts potential leads, leveraging search intent targeting and social information to engage with potential buyers and sellers. Use this tool: SmartZip SmartZip utilizes predictive analytics to identify potential sellers in your area.

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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Inventory 413
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6 Ways Real Estate Technology Can Ruin Your Business

McKissock

Still, when your life is an open book online, the story you tell can hurt your real estate business. I have seen where agents will complete a document/contract in the system and collect signatures, but then when they change something, they erase information. Your online reputation lasts forever (or at least a really long time).

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The nation’s housing market is on a correction course

Housing Wire

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. The Beige Book.