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Working with buyers in the nation’s hottest housing market

Housing Wire

year-over-year increase in home values. Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. “If Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap.

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February pending home sales disappoint, but maybe we’re turning a corner?

Housing Wire

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. Month-over-month, contract signings increased in three U.S. Pending home sales decreased in all four regions compared to one year ago.

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How to become a luxury real estate agent

Housing Wire

If you’re known in your market as the expert who successfully sells properties between $1 to $3 million, how do you start getting clients looking for homes valued at $10 million+? How do you convince the sellers of $15 million homes to work with you? Visit Coffee & Contracts 2.

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Under-Valuations Unrelated to Racial Bias

Appraiserblogs

The AEI Housing Center recently released an analysis revealing that reports by the Federal Housing Finance Agency (FHFA) and by Brookings, attributing the greater prevalence of under-valuations in home purchase appraisals.

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Why Buyers Shouldn't Waive Inspection Contingencies

Eppraisal

This year the real estate industry is experiencing a market frenzy with a colossal amount of buyers looking for homes. The inventory of homes available is historically low. When a house comes on the market, buyers flock to it. Most listings are receiving multiple offers so property values are continuing to rise.

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What’s influencing the increase in REO acquisitions?

Housing Wire

The good news for homeowners is that home values in most areas remain stable, and inventory levels for homebuyers are still low. Marketing and sales tools that create virtual tours, high-quality photos and detailed property listings that can be easily accessed by potential buyers online.

Inventory 408
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Homes in high-risk wildfire areas are more affordable

Housing Wire

million homes are located in areas at high risk of wildfire across the states of Washington, Oregon and California, with a total estimated home value of $3.3 In low-risk areas, 35% of homes sold above list price, compared to 27% in high-risk areas. More than 4.5 trillion, a new Redfin report said.