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Market Still Strong as Low Inventory Persists- February Newsletter

DW Slater Company

The biggest answer is inventory. The inventory is still at very low levels. No longer are homes selling above list price (see Percent of Orignal Price chart below ) In fact they are selling at a more reasonable 5% below list price. Until we have more inventory, prices will hold.

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Safety Tips for Real Estate Agents

Eppraisal

There is a lot in the news about the real estate market and how home values are rising, inventory and interest rates are low, and the like. The one issue that doesn't get much attention is real estate agent safety. It can be dangerous out there in the world of real estate.

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How Reverse for Purchase can help baby boomer borrowers

Housing Wire

If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. Real estate agents, loan officers and builders can attract customers they have never captured before.

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Real estate farming: Become the go-to agent in your area using these tips, tools & strategies

Housing Wire

Real estate farming also includes traditional marketing methods like sending direct mailers, knocking on doors and nailing your locally relevant social media presence. Why should I try real estate farming? If you have a marketing need, it’s got the AI-assisted real estate marketing tool for you.

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Millions will enter housing market in 2021: Zillow

Housing Wire

Inversely, data from Zillow showed for-sale inventory climb the highest in four major real estate markets – Los Angeles, Chicago, San Francisco, and New York. ” Real estate agents and LOs: the great collaboration. . ” Real estate agents and LOs: the great collaboration.

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Could online mortgage lenders reduce discrimination against Black homebuyers?

Housing Wire

The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. Redfin , the popular real estate website, reports that nearly 40% of homes in the past month have sold above asking price. The housing market is red hot.

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Fed’s Beige Book predicts further uncertainty for the housing market  

Housing Wire

Boston – The First District’s residential real estate market continued to weaken in September and October … Closed sales were down over-the-year in all reporting markets (which exclude Connecticut), representing a moderate deceleration in sales for single-family homes and a substantial deceleration for condos.