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Buyers continue downward spiral, but new listings may be steadying

Inman

But new listings aren't declining as quickly, Redfin reports. Homebuyers are backing away from the market as mortgage rates continue to climb.

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Coastal California metros were the priciest  in March: Zillow

Housing Wire

New Orleans, San Antonio, Tampa, Orlando and Jacksonville are among the locales that posted the slowest month-over-month price growth in March. There are places where new construction relieved some pressure, and where homeowners are less locked into their mortgage, but not in the nation’s most expensive metros.

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Home pricing rules: don’t go if you don’t know

Housing Wire

Not prequalifying is unprofessional and can waste your time and the sellers. All pricing scripts are best used at the listing table! Don’t lose the listing of a motivated, have-to-sell seller over price. If they have sell, you have to take the listing! Are homes selling on average for 105% of the list price?

Sellers 370
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10 easy ways to make your next listing sell ASAP

Housing Wire

You’re excited to get your next listing on the market, but now you’re feeling the pressure to do an amazing job for your sellers, who have put their trust in you and are excited about making a move. It can net your seller thousands or tens of thousands more when you do this right! Make sure both places shine.

Sellers 408
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I’d list my home, but where would I move?

Housing Wire

With record-low inventory nationwide, real estate agents seem to be hearing the same thing day in and day out: “I’d list my home, but where would I move?” For most agents, that’s the end of the conversation, ending the possibility of taking a new listing as well as facilitating the buyer side. Next, the house is new.

Sellers 284
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Homebuyers increasingly seek ARMs as mortgage rates soar 

Housing Wire

Buyers, builders and sellers take a step back as inflation persists . On the heels of heightened mortgage rates and persistent inflation, buyers, builders and sellers have taken a step back to consider their best course of action. Sellers are responding to the shift in the market and pulling back on listing activity, resulting in a 9.8%

Mortgage 410
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Can lower mortgage rates stop the housing recession?

Housing Wire

They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. Sometimes when rates go higher too quickly, some sellers can’t move, this takes a sale off the data line, but if rates fall quickly, they might feel much better about the process. Again, we aren’t there on rates yet. .

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