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The Real Estate Standoff: Existing Home Sales are Up, Despite Reluctant Sellers

Broke Agent Media

Skylar Olsen Zillow Chief Economist Key housing market indicators for February 2023 NAR’s latest report highlighted the following stats for key market indicators: The median existing home price —for all housing types—fell 0.2% Of all the homes sold in February, 57% of them spent less than a month on the market.

Sales 98
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Las Vegas Real Estate Market 2020 Overview

Marco Santarelli

With the reopening of its economy, the Las Vegas real estate industry is looking forward to how the business can be conducted in the wake of the new normal. On the positive side, the national housing market 2020 has already bounced back faster than anticipated from the damage caused by the COVID-19 pandemic. year-over-year.

Marketing 128
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Seller’s vs. Buyer’s Market: A Seller’s Guide to Decoding Market Conditions

HomeLight

To help us understand both buyer’s and seller’s markets, we spoke with top real estate agent Kim Rock. The 13-year industry veteran has a track record for selling homes fast — her listings close 65% quicker than the average Philadelphia agent. A flood of homes for sale gives homebuyers more options to choose from.

Marketing 111
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NAR Reports Existing Home Sales Are Down, But Steve Harney Remains Optimistic About Opportunities

Broke Agent Media

Seventy-three percent of existing homes sold in April spend less than a month on the market. Individual investors or second-home buyers , who are responsible for many of those all-cash sales, bought 17% of the homes sold in April, identical to the previous month and to April 2022. Email Subscribe

Sales 52
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How Do I Find a Good (Scratch That — Great!) Real Estate Agent?

HomeLight

“If they haven’t sold any or many houses in your area, or their office is 45 minutes or more away from your neighborhood, then they don’t know anything about marketing the local schools, the parks, or the community centers to potential buyers.”. Gauge industry knowledge on their recommendations for home prep.

Agents 87
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Philadelphia Real Estate Market & Investment Overview 2021

Marco Santarelli

It is also the first time that the supply of homes available for purchase has fallen below 3,000 housing units for sale. Day On Market. In a market that is considered “balanced,” the housing market predicts that the average days on market (DOM) for a home is 65 days.

Marketing 126
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Flipping Houses in New York: 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule. That limits your risk and your days on market.