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Housing inventory falls under 1M again as sales collapse

Housing Wire

Total housing costs for American homeowners versus their wages are meager, and most will buy a home right away when they sell. However, in 2020 new listing data came back, and we don’t want to see the new listings continue to decline this year — that would be a double negative for the housing market. The days on market were too low.

Sales 540
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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

Sincerely, (your name) (your brokerage) (your phone number) (your email) Click to copy to clipboard The just sold letter Audience: Homeowners around a property you recently sold Format: Postcard or typed letter in an envelope The “just sold letter” is a spin on the traditional “just sold” postcard, which is a format I still suggest.

Brokerage 381
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SmartZip Review: Can data improve your prospecting game?

Housing Wire

It’s no secret that homeowners search online to find a listing agent who can sell their home quickly and for top dollar. SmartZip’s analytics are based on over 250 data points related to the properties and homeowners in your target market. Then, it deploys marketing campaigns on your behalf.

Branding 399
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The 2023 Housing Market: A Look Ahead

Housing Wire

While this would be a hit to homeowner equity, only 1 to 2 percent more of homeowners would move into negative equity. Second, because homeowners are well qualified, they can ride out this correction. Days on market will likely continue to stretch out and peak next spring along with supply. .

Marketing 487
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Why home-price growth is still up 18% year over year

Housing Wire

There is a simple explanation for this, but you’re going to have to believe that supply and demand economics still work and that the credit profiles of homeowners matter more than people think. I am not talking about investors; I am talking about primary resident homeowners. Some sell to rent, of course. From Redfin.

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Buyers are being picky — here’s how you can navigate it as a real estate agent

Housing Wire

home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Agents 437
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Xactus targets lenders through active listing data

Housing Wire

Verification solutions provider Xactus wants to court more lenders through its active listing data in a tight housing market. Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood.