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

Housing Wire

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close.

Agents 476
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Residential real estate activity picks up despite low inventory

Housing Wire

For-sale inventory remains constrained due to fewer people putting their homes on the market, but buyer traffic has been steady while the days on market has increased slightly in the last month. Builders have been offering strong incentives to close deals.

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Fed’s Beige Book shows recent moderation in mortgage rates propped up demand for homes

Housing Wire

But real estate agents noted that higher interest rates have severely limited new listings over the past year and were responsible for the significantly lower level of closings. Days on market increased slightly but remained below historic averages. Sales prices have flattened, but there were still multiple offers on many homes.

Mortgages 448
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How to prepare a comparative market analysis (CMA) report

Housing Wire

Sellers would be able to carefully review comparable properties on the market as well as those that have successfully closed. Assembling your comparative market analysis I usually develop a report that is broken out into five sections, outlined below. Here are the steps you should take to develop your CMA report Step 1.

Marketing 435
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New home sales rebound, but builders are still wary

Housing Wire

Census Bureau and the Department of Housing and Urban Development. percent)* below the December 2020 estimate of 943,000 Slow and steady wins the race and the market that we had from 2002-2005 doesn’t exist today. That cooling process is to allow days on market to grow and create a balance for the existing home sales market.

Sales 476
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How to compete and win with your listing presentation (+ scripts)

Housing Wire

In this article, I’ll share close to two decades of experience as a licensed agent and small brokerage owner in Boston to help you compete and win listings with a dynamite listing presentation. Market Inventory: What is the current market and micro-market inventory?

Staging 435
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Local housing markets: Othello, Osage Beach and Vienna

Housing Wire

Papillion, Nebraska Developed as a railroad town in the 1870s, Papillion is now the county seat of Sarpy County and is home to many people who commute into Omaha, as well as military families for the Offutt Air Force Base. But at the $300,000 and under price points, homes are still flying. I mean like 24 to 48 hours and they are gone.”

Marketing 369