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Housing inventory is still at a crisis level

Housing Wire

So few single-family homes are for sale in America that just two months of inventory is available across the top 100 metro areas in the country, a historic low. In markets like San Diego and Los Angeles, any listing under $3 million on average takes less than three months to sell.

Inventory 413
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Japanese builderĀ Sekisui House to acquire MDC for $4.9B

Housing Wire

faces house inventory challenges. According to Mike Simonsen, president and founder of Altos Research, “Home sellers are starting to ease back into the market,” and “new listings are finally exceeding the levels of a year ago.” The transaction comes when the U.S. That’s a 1.2%

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Experts optimistic about home sales in 2021

Housing Wire

.” The overall drop in pending home sales over the final quarter of 2020 can be contributed to a lack of inventory, according to Lawrence Yun, NAR’s chief economist. There is a high demand for housing and a great number of would-be buyers, and therefore sales should rise with more new listings,ā€ Yun said.

Contracts 529
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Real Estate Exchange files antitrust suit against Zillow, NAR

Housing Wire

REX, an Austin-based real estate startup, said Zillow’s new listing layout, which includes tabs entitled “agent listings” and “other listings,” positions its listings in a “recessed obscured, and deceptive tab that consumers do not see.” billion visits.

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5 activities real estate agents should do every morning

Housing Wire

The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. Make sure youā€™re ready to share new listings and that potential clients can easily contact you through your platforms.

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SmartZip Review: Can data improve your prospecting game?

Housing Wire

If you’re an agent, team or brokerage looking to keep a pipeline of qualified listing leads coming your way, SmartZip may the solution you need. SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market.

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The Current Colorado Housing Market and Predictions for 2024 and Ahead

Movoto

New listings are seemingly surging. Compared to January and year-over-year (YoY), new listings are up 18% and 26% for single-family homes and townhomes/condos, respectively. With that said, inventory is quite low, so the Colorado real estate market is just barely able to meet the demands of home buyers.