Tag: housingmarket
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What Makes It a Buyer’s Market or a Seller’s Market?
Is the Housing Market Starting To Balance Out? For years, sellers have had the upper hand in the housing market. With so few homes for sale and so many people who wanted to purchase them, buyers faced tough competition just to get an offer accepted. But now, inventory is rising, and things are starting to shift in…
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Understanding Today’s Home Prices: What You Need to Know
Home Prices Are Not Falling All of this negative news coverage made a lot of people have doubts about the strength of the residential real estate market. During the fourth quarter of last year, some housing experts projected home prices were going to crash in 2023. The media ran with those forecasts and put out headlines calling for…
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Housing Inventory, Why It’s Still a Seller’s Market Today
Today, we have only about 3 months’ supply of homes at the current sales pace Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions…
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Did you know that the Foreclosure Numbers Today Aren’t Like 2008
If you’ve been keeping up with the news lately, you’ve probably come across headlines talking about the increase in foreclosures in today’s housing market. This may have left you with some uncertainty, especially if you’re considering buying a home. It’s important to understand the context of these reports to know the truth about what’s happening today.…
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