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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% annually to $350,000, according to the Friday report from the National Association of Realtors. The supply of homes for sale fell to a record low, down 16.5% from the prior month to a seasonally adjusted annual rate of 6.5

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What to Expect from the Real Estate Market This Winter

Eppraisal

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. Again, good news for sellers; a headache for seekers. Home Buyer Profiles The number of first-time home buyers is growing substantially , according to the National Association of Realtors.

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How Will the Fall Market in 2021 Be Different?

Eppraisal

According to an article written by Jared Bernstein, Jeffery Zhang, Ryan Cummings and Matthew Maury on whitehouse.gov, "The Covid-19 pandemic shifted families' preferences for location and type of housing, exacerbating existing supply chain constraints that, for several reasons, have persisted for many years.

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What has Been the Impact of COVID-19 on the Real Estate Market?

Boston Appraisal

COVID-19 Impact on Buyers and Sellers These low loan rates are pushing buyers to risk virus exposure in search of better housing. This is good news for sellers who have suffered from a stagnate market during the first quarter of 2020. What does this mean for sellers?

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What has Been the Impact of COVID-19 on the Real Estate Market?

Boston Appraisal

COVID-19 Impact on Buyers and Sellers. This is good news for sellers who have suffered from a stagnate market during the first quarter of 2020. What does this mean for sellers? On the other hand, if the economy recovers quicker than expected, we could see Feds bring the rates up a bit to slow demand.

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Dearth of new construction strains migration hotspot of Alabama

Housing Wire

We are very bullish on Alabama and its long-term prospects,” Jeremy Walker, CEO of the Alabama Realtors Association , said. “We Lower rates are likely to make homeownership accessible to more buyers and it should prompt some potential sellers who are locked in at a rate of 3% or less to list. As of Feb.

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The evolution of the more productive real estate agent 

Housing Wire

As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 But with rising mortgage rates, still-rising home prices, and record-low levels of inventory, this might be easier said than done. In 2021, 6.12 Are they really generating a lot of leads that way?”.