Remove Closing costs Remove Days on market Remove Mortgages
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Fed’s Beige Book predicts further uncertainty for the housing market  

Housing Wire

Higher mortgage rates , inflation and recession fears are the key factors holding back home demand in districts including Boston and Philadelphia, said the economists, market experts and business organization leaders interviewed for the report. million this year, and mortgage origination activity is forecasted to slip to $1.74

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Connecticut Home Sellers Can Expect to Pay These Closing Costs

HomeLight

If you’re selling a home in Connecticut, you should familiarize yourself with closing costs that sellers pay to finalize the transaction. The average closing costs for home sellers fall between 6% to 10% of the home’s sale price. Connecticut sellers can count on these costs. Mortgage payoff. Recording fees.

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The nation’s housing market is on a correction course

Housing Wire

The Fannie Mae report projects “strong deceleration in home-price growth going forward” due to higher mortgage rates and the overall slowing economy affecting purchase demand. Overall, annual mortgage origination levels are expected to be $2.8 By comparison, home-price growth was 17.8% in 2021, Freddie Mac reports. The Beige Book.

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From consultation to closing: The definitive homebuying checklist

Housing Wire

Secure a mortgage pre-approval As a rule of thumb, its best to have your clients obtain a mortgage pre-approval prior to setting up any searches and conducting property tours. Connect your clients with your preferred lenders to ensure they are only looking at homes they can afford to make an offer on.

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Thinking of Selling Your Home? Take this Seller Litmus Test

HomeLight

You can check real estate websites or consult with a local agent to get an idea of average days on market and recent sale prices. The software will automatically load listings marked as “Closed” and indicate the selling price. Can you afford the cost of moving? The average cost of a long-distance move is $4,890.

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Land of the First Boardwalk: Down Payment Assistance in New Jersey

HomeLight

Unfortunately, a tight real estate market with little inventory can make it challenging to find a house that fits your budget. Plus, down payment and closing costs in New Jersey can set you back thousands of dollars. Some mortgage programs require no down payment but can have strict eligibility requirements.

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30 real estate social media post ideas (+ popular agents to follow)

Housing Wire

To demonstrate this, share regular updates with posts that include stats, such as the average sale prices in your city or in desirable neighborhoods, the number of active listings, the average days on market, and more. Shout out businesses you work with People are always looking for recommendations from expert sources, so share yours!

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