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As the lock-in effect eases, the market for new homes is shrinking

Housing Wire

NAR data shows that the annualized rate of existing-home sales dropped 1% from August to September, landing at 3.84 As permits continue to decline, Redfin predicts that the new-home share of the market will fall further, leaving the door open for existing-home sales to take center stage in the market. million units. year over year.

As-is 370
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With lower costs and other value, rural areas are enticing for older homebuyers

Housing Wire

People come from Florida , Texas, Georgia or from Illinois in an effort to avoid the traffic and the high taxes and some people are buying a farm and hope they will have a piece of land for their kids, he said. This is Mayberry. We dont have the traffic and we dont have the crime and we dont have (high) cost of living, either.

Equity 413
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A soft landing for the real estate market. What’s next?

Housing Wire

housing market could have a soft landing in 2023. Any time you use the phrase “soft landing” it should come with a trigger warning because some folks get really angry hearing it. But, I think it’s pretty indisputable now that we got a soft landing. This is what a soft landing looks like. So right now — soft landing.

Land 369
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Rocket makes a Super Bowl commercial comeback

Housing Wire

Once we landed on “Own the Dream,” we knew we had something special. He continued, The Super Bowl is the ultimate marketing stage. The ad has been a year in the making, Mildenhall shared. The vision for Rocket was already shiftingwere not just about mortgages, were about homeownership. Thats a big distinction.

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Trade groups want these reforms to reduce property tax foreclosures

Housing Wire

This is according to a jointly issued brief published this week by the National Consumer Law Center (NCLC), the American Land Title Association (ALTA) and AARP. Improving disclosures and consistently communicating with the property owner at each stage of the process can be critical in avoiding an unnecessary foreclosure, the groups said.

Staging 475
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The LPMAMA Script: Learn exactly what to say on your next buyer call

Housing Wire

After you build rapport, launch into the first stage of the LPMAMA script: L ocation. Sharing anecdotes about your former clients home search is the perfect way to introduce the next stage of LPMAMA: M otivation. This is why mastering the first three stages of the LPMAMA script is so important. Its exactly like dating.

Agents 300
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Pressure on lot supply eased last year: Zonda

Housing Wire

Miami and San Diego also posted tight inventories of land, a display of geographic and topographic limitations on land and lot development. Upcoming lots Zonda also analyzes “upcoming lots,” which encompass future lots through their various stages of development, ranging from raw land to developed land.

Land 459