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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

from December and mortgage rates shot up 30 basis points. Homes went under contract in just 19 days on average, down from 21 a year ago. ” While homebuilders are getting closer to delivering new homes , they remain stymied by ongoing global supply chain issues. Sales of homes priced above $1 million were up 39%.

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Home Buyer Frustration Will Increase in 2022

Hank Miller Team

So what's in store for home buyers and sellers that have to make a move this spring? Buyers will again be challenged and sellers will reap the reward…until they become buyers. Supply chain issues, cost of land and labor, permit and paperwork delays (blame it all on Covid) and more will likely take a year to straighten out.

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The nation’s housing market is on a correction course

Housing Wire

The Fannie Mae report projects “strong deceleration in home-price growth going forward” due to higher mortgage rates and the overall slowing economy affecting purchase demand. Overall, annual mortgage origination levels are expected to be $2.8 By comparison, home-price growth was 17.8% in 2021, Freddie Mac reports. The Beige Book.

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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 fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Association.

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The evolution of the more productive real estate agent 

Housing Wire

But with rising mortgage rates, still-rising home prices, and record-low levels of inventory, this might be easier said than done. Just how we do contracts now is so much faster. The back end systems, when we are listing something or putting something under contract, it is all just very seamless. Brokerages Invest in Tech.

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

The Robert Weiler Company

Low mortgage rates have steadied, welcoming batches of new buyers eager to own a home in the market. Consider this: Central Ohio homes under contract in June 2021 proved to be the best for the month and a record high for any month, ever! Offer a Land Contract: What is a land contract?

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CITIES FACE DAUNTING OFFICE-VACANCY CHALLENGE

Will Springer Realtor

The brighter news is that labor shortages and supply-chain disruptions are improving but it’s hardly “back to normal.” The ongoing decline in residential lending has been fueled by higher mortgage interest rates and consumer price inflation. >> Seattle is rated the 11 th -best place to raise a family in the U.S., of waterfront.