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5 predictions for the 2022 housing market

Housing Wire

More inventory is expected from three sources: new single-family construction, ‘pent up’ sellers who had delayed selling during the pandemic and will be ready to move in the spring and borrowers who had exited from forbearance but continue to struggle to remain current. 2022 should be a strong year for housing.

Marketing 545
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The homegenius Platform gives consumers deeper insights in the home buying and selling journey

Housing Wire

*Rebates are not available in all markets or where prohibited by law and are subject to lender approval; may not be available for all transaction types, including but not limited to Short Sales, For Sale by Owner (FSBO), New Construction and iBuyer sales.

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6 Simple Graphs Proving This Is Nothing Like Last Time

Keeping Current Matters

New construction isn’t making up the difference in inventory needed. Some may think new construction is filling the void. Today, there’s a shortage of inventory , which is causing an acceleration in home values. This is nothing like the last time. This is nothing like the last time.

Equity 334
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Existing home sales fell in June while monthly median sales price spiked

Housing Wire

Meanwhile, individual investors or second-home buyers, who make up many cash sales, purchased 18% of homes in June, up from 15% in May and 16% the previous year. Distressed sales, which include foreclosures and short sales, represented only 2% of sales in June, virtually unchanged from last month and the prior year.

Sales 274
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Vickie Pizzarelli joins Engel & Völkers as a Real Estate Advisor

Realty Biz

Engel & Völkers of East Greenwich announced today that Vickie Pizzarelli has joined its brokerage as a real estate advisor, where she specializes in new construction, residential sales, foreclosures, and short sales.

Brokerage 105
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Is the Housing Market in a Bubble? How the Indicators Today Compare With the Great Recession

Realtor.com

This time around, there isn’t a glut of available housing, the subprime loans that got so many homebuyers in trouble in the mid-2000s have largely been eliminated, and millions of Americans aren’t likely to lose their homes to short sales and foreclosures. Just three years later, sales bottomed out at 4.11

Marketing 113
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5 ways to find your real estate niche

Real Trends

From new construction to commercial properties, there are many different focus areas to consider. And some, such as short sales and REOs, vacation rentals and fixer-uppers, are hotter in some markets than others. Being a real estate agent takes a lot of time and effort, but you can make a great living if you do it right.