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Housing market hinges on mortgage rates and supply, not commission structures

Housing Wire

That gets rolled into their debt-to-income ratio, which means they look like a riskier buyer, which means their mortgage loan gets priced higher, which means they have an additional disadvantage because the cost of lending goes up for them. In a normal market, homes sell and list for really close to the same dollar amount.

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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. If the offer works for your situation, you can close in as little as 10 days. Will your debt-to-income ratio permit a new loan? Use the map to navigate to any state or city.

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Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

Competition is lower for a home, and the number of days on market increases for listings. A buyer’s market can be determined by calculating the months of inventory. Anything more than six months is traditionally considered a buyer’s market. Traditionally, the number of days on market is low.

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Should I Sell My Current House Before I Buy a New One?

HomeLight

It helps to know where the market is now and where it’s headed. In a buyer’s market. In a buyer’s market , inventory exceeds demand, typically resulting in homes spending more days on market , and thus, resulting in pressure on the seller to reduce the price or offer concessions to incentivize a buyer.

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Seattle’s Most Competitive Housing Markets in 2022

Marco Santarelli

Median Days on Market = 6, 0 year-over-year. Northeast Seattle Housing Market. The housing market in Northeast Seattle is extremely competitive. Homes in Northeast Seattle receive an average of five offers and sell in approximately six days. Median Days on Market = 6, 0 year-over-year. year-over-year.

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

HomeLight

To find local market information in each New Jersey county, check out the Fast Stats page on the New Jersey Realtors website. You’ll find up-to-date information on new listings, days on market, median sales prices, housing inventory, and more. That being said, qualifying may include: Low- to middle-income requirements.

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Help Your Clients Save Thousands with a VA Loan Assumption

Lab Coat Agents

While there are military service requirements to originate a new VA loan, almost any buyer can take over an existing VA loan if they meet the lender’s financial qualifications, such as: Sufficient income Good debt-to-income ratio Decent credit score Required down payment funds (which could be substantial if the seller has significant equity) (..)

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