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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. January sales fell 2.3% from a year ago. That translates to just 1.6

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Dave Stevens on understanding this housing market

Housing Wire

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. economy, especially the mortgage and housing sector.

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7 Problems to Watch Out for During a Home Renovation

Eppraisal

Supply chain disruptions as experienced in recent times can lead to shortages in construction materials. Detailed documentation of all project-related communications such as contracts and meeting notes is essential. She has also written for publications like National Association of Realtors, Building Enclosure, and McKissock.

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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. Despite the decline, many industry observers see big potential for the housing market in the year ahead. All four areas saw contract transactions increase from a year-over-year standpoint. For the fifth consecutive month , U.S.

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Keller Williams launches KW New Homes Community

Housing Wire

Sales continued to trend lower in June as some builders slow sales contracts to manage supply-chains, amidst longer delivery times and higher construction costs,” said NAHB Chairman Chuck Fowke. While lumber prices have shown some improvement in spot markets, these declines take time to translate into lower construction costs.

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

The Robert Weiler Company

Reports have revealed a strong land market. And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. See below why we feel Ohio land for sale market is still ripe for growth. The Ohio housing market has remained resilient over the past year and a half.

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HOUSING INTENSITY TO REMAIN HOT DESPITE HEADWINDS

Will Springer Realtor

“Headwinds the real estate market will face in 2022 include affordability, inflation in the economy, the potential of higher taxes and additional economic factors (including supply chain issues and struggles to fill empty positions).”. Mercer Island started this month with only one home on the market.