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HOW TO INCREASE YOUR LOCAL RANKINGS AS A REAL ESTATE AGENT
Source: Realty Biz News --- It may surprise you to learn that homes cost an average of over $350,000 as of 2022. The increase in housing prices has generated a large amount of interest in working as a real estate agent. This is simply due to the higher commissions...
Mortgage rate buydowns are on the rise as homebuyers cope with high interest rates
Source: USA Today --- Anna Raymond was ready to make the switch from renting to owning a home last spring. But after five failed offers, she and her husband decided to take a step back from house hunting. Then, in December, their real estate agent presented an offer...
The 10 best cities to buy a home in 2023 are all in the South
Source: CNBC --- Even with rising homeownership costs squeezing out buyers, some real estate markets will remain hot in 2023, mostly due to their relative affordability compared with the rest of the U.S., a new forecast finds. The top places have something else in...
First-time homebuyers are ‘royally screwed’
Source: Insider --- Lawrence Talej was ready to buy his first house. It was late 2019, and Talej, then a 26-year-old software developer, had saved up for a down payment while living with his parents in a suburb near Richmond, Virginia. After looking at a few houses...
U.S. Existing-Home Sales Slid Last Year as Interest Rates Surged
Source: Mansion Global --- U.S. existing-home sales fell last year to their lowest level since 2014, as surging mortgage rates made home purchases too expensive for many buyers. Sales of previously owned homes, which make up most of the housing market, slid 17.8% in...
Inside Real Estate Announces the Acquisition of BoomTown
Source: Yahoo! --- Top real estate tech companies join forces to create an industry leading real estate technology and services provider MURRAY, Utah, Jan. 20, 2023 /PRNewswire-PRWeb/ -- Inside Real Estate, one of the fastest-growing independent real estate software...
U.S. home sales drop to 12-year low; price growth cools
Source: Investing.com --- WASHINGTON (Reuters) - U.S. existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious hope that the embattled housing market could be close to finding a floor. The report from the National...
Housing Market Predictions for the Next 5 Years Promise Lots of Surprises
Source: US News --- Over the next five years, look for several important trends accelerated by the COVID-19 pandemic to begin having lasting impacts on real estate and land use, many of which will impact the demand and supply in regional housing markets. Whether due...
University of California’s $4-billion real estate investment will worsen housing crisis, unions say
Source: Los Angeles Times --- With property values sinking, investors rushed to withdraw money from a real estate fund managed by private equity giant Blackstone last month. But the fund soon found a savior in the Golden State: The University of California poured in...
A Guide to Seller-Paid Mortgage-Rate Buydowns
Source: US News --- At a time when mortgage rates have increased sharply, home shoppers may be able to lock in better terms with a rewarding seller concession: interest-rate buydowns. A seller-paid rate buydown can typically help buyers save more money on monthly...
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