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First-time buyers need to earn $64,500 to afford a typical starter home

Housing Wire

In June, the typical starter home sold for a record $243,000, up 2.1% New listings of starter homes dropped 23% from a year earlier in June, the biggest drop since the start of the pandemic, the report found. Austin buyers must earn $92,000, down 3.3% Austin buyers must earn $92,000, down 3.3%

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Opinion: The end of seller speculation in US housing market

Housing Wire

metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market. Table 1, below, reports the 10 hottest U.S.

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How to Find Top Real Estate Leads

McKissock

“Lead generation is half of the job of any real estate agent,” says national real estate coach Sherri Johnson. ” We sat down with Sherri to get her expert advice on how to find quality real estate leads, and how to convert those leads once you have them. 2: Call expired listings.

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How to get a real estate license in Texas

Housing Wire

Texas residents interested in becoming a real estate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. We estimate that it’ll take three to six months to get up and running as a licensed real estate agent in the Lone Star State.

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Q1 2023 Texas Real Estate Market update – Real Estate Real Fast EP17

Listing Spark

Episode Summary Aaron Jistel gives an update on the Texas Real Estate Market in Q1 2023 and recaps the 2022 market noting that it had been affected by a sudden increase in mortgage rates, with sales and home values declining. Home values dropped as much as 15%, erasing some of the gains made in 2021. [00:06:20]-[00:07:06]

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September Real Estate Market Update

Listing Spark

It’s a new month, but it hasn’t gotten any easier for buyers out there. That’s great news if you are a seller though. . Homes are selling at such a feverish pace that active listings are plummeting across the board, further lowering our months of inventory available to buyers. San Antonio.

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Even with falling rates, the housing market is shaping up to be bad in Q4

Housing Wire

“Many prospective buyers are still taking a ‘wait-and-see’ approach to see if rates fall further. But another big constraint on the market is a lack of inventory, with new listings drying up as we head into the winter holidays.” ” .”