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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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Compass invites outside agents to use Coming Soon listings in latest shot at CCP

Housing Wire

Compass says that the listings protect home sellers against negative insights, such as days on market. At Compass we are advocating for homeowners to have control over how their listings are marketed, Reffkin said in a statement. Coming Soon is part of Compasss three-phase marketing plan for homes.

Agents 336
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The future of the MLS may be murky, but brokers still want the data

Housing Wire

As he has previously stated, Reffkin highlighted data such as days on market and price drop history, which is typically displayed alongside all listings in the MLS, as being problematic and harmful to home sellers. “I I believe days on market is the killer of value. “I I believe days on market is the killer of value.

MLS 369
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The savagely unhealthy housing market is back

Housing Wire

The days on market are back to a teenager level in the existing home sales market, which means I can officially say we are back to a savagely unhealthy housing market! Nothing good happens in the housing market when the days on market are at a teenager level or lower. million in May.

Marketing 526
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Housing inventory falls under 1M again as sales collapse

Housing Wire

Total housing costs for American homeowners versus their wages are meager, and most will buy a home right away when they sell. However, in 2020 new listing data came back, and we don’t want to see the new listings continue to decline this year — that would be a double negative for the housing market. The days on market were too low.

Sales 541
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The health of this housing market: Comparing 2024 data to 2011

Housing Wire

So not only do we have a very limited number of homes underwater, but homeowners also have a lot of selling equity. The second positive factor is that homeowners who haven’t lost their jobs can sell their homes and use that equity for a down payment for another house or even pay cash for the next purchase.

Marketing 385
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Rising insurance costs, ample inventory create a unique market in Southwest Florida

Housing Wire

“Last year we were still adjusting from the effects of the pandemic market, but now the trends seem to be getting back to our baseline, which is more like our 2019 market,” Smith said. Days on market is also trending back to what is more normal for our market as well.” From 2022 to 2023 alone, rates rose 15%.

Marketing 448