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Inventory is 19% higher than a year ago: Altos

Housing Wire

At HousingWire , we have a debate about whether home sellers will freeze up again this year as mortgage rates stay stubbornly high. We’ve had seller growth for 18 weeks in a row. More sellers means more sales. Will sellers retreat entirely, like they did last year? But will rates deter sellers also?

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Despite a drop in mortgage shoppers, opportunities are out there: report

Housing Wire

As consumers stopped actively looking for new mortgage products, “lenders may find success capturing purchase opportunities by leveraging a seller buy-down strategy to combat high interest rates that might prevent buyers from committing to a purchase,” the report said. Download this white paper for a roadmap to deploying new technologies.

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Are home sellers finally coming back to the market?

Housing Wire

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. Could we see new inventory from distressed sellers if we see a deep recession?

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Altos: More sellers and price reductions, but fewer homebuyers

Housing Wire

We still see more sellers than last year. We are in the normal range with price reductions, meaning sellers are generally fine, generally getting their prices. More sellers with price cuts than a year ago. It can be hard to communicate all this with buyers and sellers. Now, mortgage rates are 100 basis points higher.

Sellers 441
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Altos: Sellers are coming back to the housing market, can buyers keep up?

Housing Wire

There are still notably not a lot of sellers. But home sellers are gradually easing back into this housing market. Sellers are coming back to this housing market. In 2021 there were actually more total sellers, but at the peak of the frenzy, so many of those were immediate sales that they never get counted as active inventory.

Sellers 441
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The Ugly Truth: 4 Home Pricing Mistakes

McKissock

Pricing isn’t always a simple, straightforward process, and can often waste time and money and lead to frustration for both you and the seller. I find that when the seller prices at $599,000, you lose all the homebuyers who started their search at $600K.”. Click here to download. Mistake #2: Sizing up your neighbors.

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Guide To iBuyers and iBuying For Home Buyers, Sellers, And Agents

Quicken Loans

You may already be aware of iBuyers and what they have to offer prospective home buyers and sellers. But for those who want to understand what all the hoopla is about and what it entails for buyers, sellers and agents alike, here’s what you should know. Offerpad will even pay for professional movers when sellers relocate locally.

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