HousingMarket

Jul
24
2021
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By Troy Warren
Housing Market Update: Low Mortgage Rates Buoy Prices as Competition Eases

Housing Market Update: Low Mortgage Rates Buoy Prices as Competition Eases

Real Estate, ,
by Tim Ellis | RedFin.Com Troy Warren for CNT Home prices are still up 20% from a year ago even as fewer homes sell and the ones that do are sitting on the market longer and selling for less of a premium above list price. Like a slow turning ship, the housing market’s supply side is gradually gaining momentum as homes for sale begin to pile and pending sales continue a steady and seasonal decline. As both of these trends continue in the weeks ahead, prices will stop rising as rapidly as they have been and an increasing number of homes…
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Jul
18
2021
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By Troy Warren
Good News Homebuyers: Housing Market Shift is Coming

Good News Homebuyers: Housing Market Shift is Coming

Home & Garden, In The News, Real Estate,
Catherine Reagor | Arizona Republic Troy Warren for CNT Sellers’ grip on housing market is starting to slip. The supply of homes for sale has steadily been climbing for the past few months, giving buyers worn out by bidding wars and new monthly home price records a better chance to close on one. Drops in listing prices are on the rise too. Home listings are up almost 43% since late February, according to the Cromford Report. And price reductions in homes listed for sale have jumped 102% since mid-February. It’s also taking a couple days longer for homes to sell because buyers have more choices. “We are seeing…
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Jul
10
2021
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By Troy Warren
Housing Market Update: New Listings of Homes For Sale Surpass 2019 Levels

Housing Market Update: New Listings of Homes For Sale Surpass 2019 Levels

In The News, Real Estate,
by Tim Ellis and Taylor Marr | RedFin.Com Troy Warren for CNT Even though more homes are hitting the market, homebuyers appear to have tapped out of the market as pending sales continued to slip. Sellers are coming back to the housing market. The number of homes newly listed for sale surpassed 2019 levels for the first time since the start of the year during the four weeks ending July 4. Despite a long-awaited increase in the supply of homes for sale, homebuying demand continued to slip, leaving the market feeling a few degrees cooler. Pending sales posted their smallest year-over-year increase in…
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Jul
03
2021
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By Troy Warren
Housing Market Update: Pending Sales Slide as New Listings Reach Pre-Pandemic Levels

Housing Market Update: Pending Sales Slide as New Listings Reach Pre-Pandemic Levels

In The News, Real Estate,
by Tim Ellis and Taylor Marr | Redfin.Com Troy Warren for CNT Some buyers have hit their limit on record-high prices, but others may return to the market with more homes to choose from and less competition. The U.S. housing market lost more steam as summer began, with pending sales continuing their slide and the number of homes for sale slowly growing. Google trends also revealed a continued decline in online house hunting, with searches for “Real Estate” dipping below 2019 levels (-4.5%) for the first time this year. Mortgage purchase applications fell dramatically week over week (-5%) to their lowest level since…
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