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Luxury housing market inspires ‘total frenzy’ in vacation boom towns

Housing Wire

In the third quarter, luxury home sales jumped 41.5% , the biggest year-over-year shift since 2013, according to Redfin. And while real estate agents repping luxury homes aren’t seeing as many bidding wars as they did this summer , their respective housing markets are still crazy right now. Very, very unique.”.

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Sales of luxury homes skyrocket in first quarter

Housing Wire

. “[Selling] isn’t as big of an issue for luxury homeowners since there’s a relative abundance of high-end homes to choose from,” Fairweather said. The consequences of low inventory finally caught up with the housing market in February, with tightened supply largely responsible for a 10.6%

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5 Contingencies You Should Never Remove When Buying a House

Realtor

In our current seller’s market, the national inventory of active listings is down 43.1% year over year, according to the Realtor.com June 2021 Housing Market Trends Report. But some buyers in especially tight markets are taking even riskier measures to beat out competitors: They’re removing contingencies.

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Residential Appraisals and Airbnb Income?

Appraisal Today

Excerpts: The housing market sizzle has faded and we’ve entered a different season. We’ve basically said goodbye to the most aggressive housing market ever, and we’re in a new market now. Granted, the housing trend still feels elevated from normal, so it’s an error to call this market cold.

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WILL WAR IN UKRAINE IMPACT OUR HOUSING MARKET?

Will Springer Realtor

Most owners will contract work out for major renovation projects while doing DIY work on replacing flooring, painting or improving outdoor space, the survey from LendingHome showed. Amid limited housing supply and rising prices, buyers will need to anticipate touring homes that will need some TLC as housing stock ages.