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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

annually to $350,000, according to the Friday report from the National Association of Realtors. The supply of homes for sale fell to a record low, down 16.5% months of supply; a healthy market generally has between four and six months of supply. The post Despite lack of supply, existing home sales rise 6.7%

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Pending home sales reach highest May mark in 16 years

Housing Wire

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. “Buyers are still lining up a feverish pace,” Yun said. ” Contract signings on new homes increased 13.1% All four U.S.

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Pending home sales drop, but there’s a silver lining

Housing Wire

in January from December, according to a report from the National Association of Realtors. But many would-be buyers have also been thwarted by comically low resale inventory, as well as supply chain constraints and escalating materials costs that have made life difficult for homebuilders. January was illustrative.

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The evolution of the more productive real estate agent 

Housing Wire

As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 Just how we do contracts now is so much faster. The back end systems, when we are listing something or putting something under contract, it is all just very seamless. In 2021, 6.12

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Dave Stevens on understanding this housing market

Housing Wire

It created a massive demand for home purchases as consumers competed to win a sales contract and get a home with a low single digit interest rate. It boxed out many first-time homebuyers who found themselves unable to compete against buyers willing to place a non-contingent offer above full price.

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Ohio Land for Sale: Is the Market Still Ripe for Growth in 2022?

The Robert Weiler Company

And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. Homes sales reached 14,210 in May 2022, a 1.8% land market.

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HOUSING INTENSITY TO REMAIN HOT DESPITE HEADWINDS

Will Springer Realtor

After a cooling off period to enjoy the holidays and avoid severe weather, buyers were back on the prowl for a new home as sellers prepped their properties for the seasonal rush. Buyers will continue to outstrip sellers but with slightly less intensity than in recent years. The biggest variable is Covid.