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As the lock-in effect eases, the market for new homes is shrinking

Housing Wire

NAR data shows that the annualized rate of existing-home sales dropped 1% from August to September, landing at 3.84 As permits continue to decline, Redfin predicts that the new-home share of the market will fall further, leaving the door open for existing-home sales to take center stage in the market. million units. year over year.

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With lower costs and other value, rural areas are enticing for older homebuyers

Housing Wire

People come from Florida , Texas, Georgia or from Illinois in an effort to avoid the traffic and the high taxes and some people are buying a farm and hope they will have a piece of land for their kids, he said. But the potential value for older homeowners is not strictly monetary, the article said. This is Mayberry.

Equity 413
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A soft landing for the real estate market. What’s next?

Housing Wire

housing market could have a soft landing in 2023. Any time you use the phrase “soft landing” it should come with a trigger warning because some folks get really angry hearing it. But, I think it’s pretty indisputable now that we got a soft landing. This is what a soft landing looks like. So right now — soft landing.

Land 369
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Rocket makes a Super Bowl commercial comeback

Housing Wire

Once we landed on “Own the Dream,” we knew we had something special. He continued, The Super Bowl is the ultimate marketing stage. Rocket Companies is not one to shy away from the spotlight. As the final words, “Everyone deserves their shot at the American Dream. Thats a big distinction.

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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Though most commonly thought of for residential deals, real estate agents can also help people buy, sell or rent commercial properties, land and more. Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles.

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The LPMAMA Script: Learn exactly what to say on your next buyer call

Housing Wire

After you build rapport, launch into the first stage of the LPMAMA script: L ocation. There are only a handful of acronyms that can change your life. LPMAMA is one of them. Think of it as ROYGBIV, but instead of helping third graders learn color theory, it will help you convert more cold buyer leads with less stress. Short on time?

Agents 300
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Trade groups want these reforms to reduce property tax foreclosures

Housing Wire

This is according to a jointly issued brief published this week by the National Consumer Law Center (NCLC), the American Land Title Association (ALTA) and AARP. Improving disclosures and consistently communicating with the property owner at each stage of the process can be critical in avoiding an unnecessary foreclosure, the groups said.

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