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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% months of supply; a healthy market generally has between four and six months of supply. ” While homebuilders are getting closer to delivering new homes , they remain stymied by ongoing global supply chain issues.

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Home Buyer Frustration Will Increase in 2022

Hank Miller Team

It's not a rosy outlook; expect home buyer frustration to increase in 2022. So what's in store for home buyers and sellers that have to make a move this spring? So what's in store for home buyers and sellers that have to make a move this spring? See the inventory bumps as we head into the first quarter?

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Logan Mohtashami on why this is a savagely unhealthy housing market

Housing Wire

The one thing that has happened in 2022 that has been worse is that national inventory levels have worsened in 2022 to start the year. Inventory has been falling for years. Housing construction will be impacted if the monthly supply for new homes breaks above 6.5 HousingWire: How will rising rates affect new home construction?

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An Uncertain Future for iBuying Operations

Appraisal Buzz

Since 2020, iBuying has soared in popularity as many sellers have taken advantage since the start of the pandemic. Sellers used iBuying to bypass the lengthy aspects of the traditional homebuying process to receive cash payments in an expedited manner. Zillow has now decided to exit the iBuying business entirely.

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Supply chain issues still stymieing homebuilders

Housing Wire

Strong buyer demand in February helped offset supply chain challenges and a surge in lumber prices, according to Chuck Fowke, NAHB chairman. Inventory remains low, as well. Homesnap foresees the current housing shortage continuing in 2021 unless more sellers enter the housing market.

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4th Qtr 2021 Housing Market Report for Atlanta

Hank Miller Team

In addition the last quarter being traditionally slow, the big influences on the market were inflation levels unseen in 40 yrs, supply chain shortages, labor issues and of course the rise and run of the omicron covid variant. The curtain fell on 2021 and the housing market report for greater Atlanta can be succinctly summed up; crazy.

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How Will War, Inflation and Rising Interest Rates Affect the Real Estate Market

Eppraisal

From the Russian invasion of Ukraine to continued supply chain disruptions to increasing urban crime to inflation -- always inflation -- we are bombarded with challenging circumstances and pessimistic forecasts. So, the imbalance of buyers to sellers continues to worsen. Will Real Estate Suffer for Putin's Mistake?