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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.

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What Is a Housing Bubble?

HomeLight

Increase in speculative investing: Investors are trading in high-risk assets , focusing on big returns by leveraging market fluctuations. Overbuilding and bidding wars: Too much construction and competitive offers drive prices higher. Homes selling fast: Homes selling quickly (decreasing days on market ) can indicate a heated market.

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2022 Housing Market Year In Review: Looking Back on a Historic Year

Redfin

Homeownership is a long-term investment that can lead to significant net worth gains, even with rates above 6%,” advises Dean Hayes, Area Sales Manager with Bay Equity , a Redfin company. Inventory and supply are calculated in 90-day periods, e.g., January 2022 data is the three-month period from November 1, 2021, through January 31, 2022.

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Seller’s vs. Buyer’s Market: A Seller’s Guide to Decoding Market Conditions

HomeLight

The number of days on market (DOM), which marks how long a home is on the market before the seller accepts an offer, typically drops. In a balanced market, marketing time typically lasts around six weeks , according to The National Association of Realtors® (NAR). Factors that lead to a seller’s market.

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2023 Housing Market Year In Review: A Market Ruled by Mortgage Rates

Redfin

Other contributors to the quieter rental market: Strong new construction in the apartment industry, and fewer new households forming (two or more people living together). Supply is calculated in rolling 90-day periods, e.g., January 2023 data is the three-month period from November 1, 2022, through January 31, 2023.

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Pittsburgh Housing Market: Prices | Trends | Forecasts 2022

Marco Santarelli

On average, homes in Allegheny County, PA sell after 57 days on the market. The trend for median days on market in Allegheny County, PA has gone up since last month, and slightly down since last year. What Makes Pittsburgh Real Estate Market Attractive For Investment? This situation is also called negative equity.

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Asheville Housing Market 2019: Home Prices & Trends

Marco Santarelli

On average, homes in Asheville, NC sell after 65 days on the market. The trend for median days on market in Asheville, NC is flat since last month, and slightly down since last year. However, new construction going up mountainsides is expensive and risky. Graph Credits: Realtor.com.

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