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First-time buyers need to earn $64,500 to afford a typical starter home

Housing Wire

In June, the typical starter home sold for a record $243,000, up 2.1% New listings of starter homes dropped 23% from a year earlier in June, the biggest drop since the start of the pandemic, the report found. Those are also the metros where prices of starter homes have declined most, with median sale prices down 13.3%

Buyers 370
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Real Estate Real Fast EP4 (solo-show with Aaron talking Fall/Winter 2022 Texas housing market)

Listing Spark

Is that the case for all major Texas housing markets? What should they expect in this housing market? We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. 00:02:50] Peaking into the Fall 2022 Austin housing market. Episode highlights. Key takeaways.

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September Real Estate Market Update

Listing Spark

Homes are selling at such a feverish pace that active listings are plummeting across the board, further lowering our months of inventory available to buyers. Pair all of this with a national lumber shortage which is driving up the cost of materials for both builders and investors, we are seeing significant spikes in listing prices.

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2024 Texas Real Estate Housing Report

Listing Spark

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. In this article, we will recap what exactly happened to the real estate market in Texas last year and discuss some predictions for the rest of this year.

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November Housing Update

Will Springer Realtor

The housing market in and around King County was moving along swimmingly at the start of 2022, with homes selling briskly and buyers taking advantage of interest rates in the 3s. and jump in mortgage rates of 4 percentage points has created a housing market belly flop. They’re also down 19% in Seattle and 4.0%

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June 2023 South Florida Housing Report

Lamacchia Realty

Despite this, there is still a sufficient number of serious buyers in the market and these buyers are keeping the market competitive. Specifically in South Florida, there is an increased demand for homes in the area with the prevalence of cash buyers, overseas buyers/investors, snowbirds, those looking for more favorable taxes, etc.

Sellers 50
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ROOTING HARD FOR LOWER MORTGAGE RATES

Will Springer Realtor

The past year witnessed a financial rollercoaster, with interest rates fluctuating between 5.99% and 8.03% for conventional 30-year mortgages, according to Mortgage News Daily. The Fed’s revised lending forecast sparked a celebratory mood among investors, particularly those tracking U.S. Treasurys and mortgage-backed securities.