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The financial strength of US homeowners is a cushion against a downturn

Housing Wire

With the release of the CoreLogic 2024 Q1 Equity Insights report, which Logan discussed last week , and now the FHFA National Mortgage Database Aggregate Statistics , we have a lot of visibility into the financial position of the American homeowner. If I realize I must sell the house, and I’m met with very weak market conditions (No.

Equity 545
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The health of this housing market: Comparing 2024 data to 2011

Housing Wire

Underwater homes One of the most significant changes in the housing market since the housing crash has been the drastic reduction in underwater homes. The housing bubble crash years of 2008-2011 saw a surge in foreclosures due to the lack of selling equity and this also profoundly impacted housing demand. of homes were underwater.

Marketing 385
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The 2021 housing market recap by Logan Mohtashami

Housing Wire

While I do believe the rate of home-price growth is cooling off — since data from the S&P CoreLogic Case Shiller Home Price Index lags — the market is still seeing home-price growth above my five-year price model, so wishing for less price growth in 2022 is a must for me. I documented my work with many articles, which can be found here.

Marketing 534
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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 476
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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 505
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4 Major Incentives To Sell This Summer

Keeping Current Matters

The report notes homes are selling in an average of just 17 days. Average days on market is a strong indicator of buyer competition, and homes selling quickly is a great sign for sellers. Over the past 12 months, homeowners have gained a significant amount of wealth through growing equity.

Equity 326
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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

I would be happy to give you an equity analysis and let you know how much equity you have in your home. I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market.

Brokerage 461