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5 predictions for the 2022 housing market

Housing Wire

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

Marketing 545
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Existing home sales fell in June while monthly median sales price spiked

Housing Wire

With elevated mortgage rates sidelining both home buyers and sellers, existing home sales fell in June, according to the latest report from the National Association of Realtors (NAR). Sales were also down significantly from a year prior. Total existing home sales slipped 3.3% million. “The from June 2022 (1.25

Sales 369
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6 Simple Graphs Proving This Is Nothing Like Last Time

Keeping Current Matters

Mortgage standards are nothing like they were back then. During the housing bubble, it was difficult not to get a mortgage. percent from 2001 to 2003 for the whole mortgage market.”. New construction isn’t making up the difference in inventory needed. Some may think new construction is filling the void.

Equity 318
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AI for Real Estate Agents: How To Leverage Data-Driven Insights

Lab Coat Agents

Forecasting the Market with AI With AI, you can detect early warning signs of a market slowdown, such as growing inventory levels, job losses, or mortgage defaults. Its Foreclosure Factor dataset identifies properties at risk of default by uncovering late mortgage payments, liens, and other signs of financial distress.

Agents 59
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Is the Housing Market in a Bubble? How the Indicators Today Compare With the Great Recession

Realtor.com

” But it was likely rising mortgage interest rates, a result of the Fed hiking its own rates to bring down inflation, that most directly led to the real estate freeze. The culprits were not subprime mortgages, wild speculation, or overbuilding—the primary causes of the housing crash of the late aughts. So prices climbed.

Marketing 113
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Miami Real Estate Luxury Home Sales Continue Surging 

Realty Biz

Miami-Dade’s out-of-state homebuyers with a mortgage earn nearly $100,000 in median household income. 5 in ultra-prime ($25M+) sales in the world, according to the 2023 Knight Frank Wealth Report. Mortgage Rates Up 3 Percentage Points Vs. Last Year; Impacting Sales Miami total home sales decreased 35.5% million.

Sales 92
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Miami Real Estate Records 4th Best Sales Year Ever 11 Years in a Row

Realty Biz

“This influx of people and companies moving into our region, coupled with the ratio of cash buyers which is nearly double the national average should continue to shield Miami from the impact of high mortgage rates as the Fed continues its mandate to tamper inflationary pressure.”. Single-family home sales decreased 38.5%

Sales 92