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Selling Real Estate
Home prices have DECLINED from June’s peak of this year in 97 of the largest 100 US markets, including all of the top 50 markets according to a new report from Black Knight. In addition, 9 of those markets have declined by more than 5%. San Jose, CA contracted the most (-13% or $203k) since
NEW REPORT! Is this the calm before the storm as rates over 6% haven’t been reflected in home sold prices yet? Realtor.com released their weekly housing market update today (10/6/22) and several remarkable trends have been occuring. For example, inventory growth has been stagnating over the past few months which is likely due to fewer
The Housing Market Correction Is Here with rising interest rates, slowing buyer demand and sellers dropping their dropping their house prices. The FED has made it clear that they will get inflation under control at any costs even if that means a Housing Crash. What does that mean for the housing market forecast? How will
Key data such as housing starts, mortgage applications and average price suggest the US housing market is in recession. Since the downturn coincides with the beginning of the Fed’s rate hike cycle in March, investors might expect the policy to pivot – but the central bank is firmly focused on another key indicator. Presented by
Mortgage interest rates have spiked to nearly 7% and this is causing home buyers as well as home sellers to back off. According to Redfin, due to mortgage rates surging “the typical homebuyer’s monthly mortgage payment has climbed $337 (15%) over the past six weeks.” Meanwhile, pending home sales dipped to the lowest levels since
http://www.TheKingofSystems.com Buying a property with a good margin for profit is only half the battle. You can’t get the check until you get that property sold. So, this week John reveals the 15 marketing steps he uses to sell every property within 7 days or less, showing you how you can turn your investments into
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NEW REPORT! Realtor.com released their weekly housing market update today (9/29/22) and several remarkable trends have been occuring. For example, inventory growth has been stagnating over the past few months which is likely due to fewer new listings hitting the market (compared to last year) for 12 consecutive weeks. Also the number of reduced priced
One of the nation’s largest homebuilders, Lennar released their Q3 2022 earnings report and noted a decrease in home buyer traffic, more cancellations, price reductions and an increase in builder incentives (such as mortgage rate buydowns) to buyers in order to drive sales. Lennar also identified the US markets that have been most impacted by
Fannie Mae revised down significantly their housing market forecast and real estate market predictions though 2023 mainly due to the spike in mortgage rates. They are forecasting for home prices and home sales to soften further after revising downward their previous real estate market forecast. In today’s video, I share all the details. Video I
For the 5th consecutive month, Zillow revised down significantly their 12 month housing market forecast and real estate market predictions. They are forecasting for home prices and existing home sales to soften in the next 12 months after revising downward their previous real estate market forecast. In today’s video, I share all the details. ➜➜➜
Douglas Elliman real estate advisor Kirsten Jordan assesses the state of the housing market on ‘The Claman Countdown.’ #foxbusiness #clamancountdown Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video.foxbusiness.com Watch Fox Business Network Live: http://www.foxnewsgo.com/ FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both
Evercore ISI Head of Housing Research Stephen Kim says the US residential real estate market is “holding up extremely well” despite the recent rise in mortgage rates. The housing market is “bending for sure under the weight of those higher rates. However it is not breaking. You are not seeing prices down 25% across the
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