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Housing Statistics for Beginners, Part 2

Birmingham Appraisal

A great skill to have for a real estate agent, or anyone in the real estate industry, is the ability to download sales data from your local MLS and import it into a spreadsheet program like Excel or Google Sheets. In my last post, I discussed statistics related to supply and demand.

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2024 Bidding Wars – How to Strike and Win

Lamacchia Realty

As predicted , 2024 has started with low inventory, and mortgage rates have remained relatively stable in the high 6’s and low 7’s. Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market.

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2023 Bidding Wars – How to Strike and Win

Lamacchia Realty

2022 started with low inventory and high competition as predicted , but by April rates began their ascent and the market began its shift. Since then, as rates and inflation have continued to influence consumer sentiment and spending, inventory has remained low as sellers hesitate to dive into the market. Real estate is a long game.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Top Ranked Realtors: Paige Martin & The Houston Properties Team. For certain parts of the economy, usually in the upper-income brackets, they didn’t carry a lot of debt and they couldn’t go out to spend their money. The market will see an influx of price drops and hikes due to low inventory and high demand.

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The art (and the importance) of pricing your home to sell

Cornerstone

Economic Outlook from the National Association of REALTORS® (NAR) shows that existing home prices in the U.S. The good news about housing inventory recently hitting an all-time low is that this puts sellers in the driver’s seat. Work with a skilled real estate agent. are anticipated to rise by 4.5 percent in 2021.

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