Remove Days on market Remove Lending Remove Short sale
article thumbnail

The 2023 Housing Market: A Look Ahead

Housing Wire

First, mortgage lending standards have remained high after the last bubble. Short sales are unlikely to reemerge unless there is a serious deterioration in borrowers’ ability to pay their mortgages. . The last time we saw prices decline, the combination of declining prices and bad mortgages forced inventory onto the market.

Marketing 505
article thumbnail

Why home-price growth is still up 18% year over year

Housing Wire

However, we haven’t had a credit sales boom like the one we saw from 2002-2005. Nor can we ever have a credit sales boom again with lending standards back to normal. From Realtor.com : Even with demand weakness in recent months, days on market are still low. million listings. From Redfin.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Selling a House ‘As Is’ in Maryland

HomeLight

Median sales price in Maryland. Average days on market for Maryland. Considering 80% of Americans say they would prefer to buy a move-in-ready home, an “as is” sale likely has a reduced buyer pool from the start. Fast facts about selling a house ‘as is’ in Maryland. Disclosures.

As-is 119
article thumbnail

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. According to the real estate investment lending site New Silver, the average Fix and Flip investors in New York are generating $56,400 per flip.

article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Days on market (DOM). As a seller’s agent, you’re counting the days a listing is on the market. Simply put, this measures the number of days a property is for sale, from the day it is listed on the multiple listing service (MLS) to the day a buyer and seller are under contract. Related Article.