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The mortgage rate lock-in didn’t start in 2022

Housing Wire

After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. In July 2022, new listings volume per week dropped from 90,000 at the end of June to approximately 74,000 just after the July 4th holiday. We see the same pattern in the new listings rate each week.

Mortgage 411
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Owning a condo in Florida is becoming less attractive: Redfin

Housing Wire

In Jacksonville, the median condo price declined roughly 7% year over year in January, sales declined 27% and new listings increased 32%. A similar phenomenon occurred in Miami where condo prices fell 3%, sales dropped 9% and new listings rose 27%.

HOA 477
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Are mortgage rates about to fall?

Housing Wire

Here’s the new listings data for last week over the last several years: 2024: 68,843 2023: 61,911 2022: 73,107 Price-cut percentage In an average year, one-third of all homes take a price cut — this is standard housing activity. This is a significant shift, considering 2023 marked the lowest level ever recorded.

Mortgage 441
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5 activities real estate agents should do every morning

Housing Wire

Make sure you’re ready to share new listings and that potential clients can easily contact you through your platforms. Attend training workshops, webinars, and conferences to acquire new skills and knowledge that can help you stay ahead of the competition.

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Still many refi opportunities out there, new report claims

Housing Wire

The behavioral data analytics firm says these developments point to the fact that “borrowers have grown their credit scores alongside their equity, paving the way for more cash-out refinance and HELOC activity in the coming months.”. Plus, the frequency of borrowers searching for the phrase “cash-out” increased by almost 300% from Q2 to Q3.

Insurance 414
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‘Fraudsters gotta eat too:’ The title industry navigates an uptick in fraud

Housing Wire

They need new listings and they are so desperate that they might take a fraudulent listing.” As AI technology continues to develop with improvements to things like deep fakes and voice cloning, Adams said it is going to be even easier for fraudsters to seem legitimate and build trust with victims.

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Here’s the key to being an empowered real estate professional in 2022

Housing Wire

What matters for your market (wherever you are) is what patterns are developing near you. Studying listing information for the current year and comparing with past years?—?list?prices,?new new listings, sold listings, days on market, off-market listings?—?will is of little use?if?you’re?in will help you?identify?the