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Buyers viewed just eight homes before making their purchase

Housing Wire

In 2021, homebuyers who successfully purchased a home viewed a median of only eight properties before completing their transaction, according to a report by the National Association of Realtors , published on Tuesday. In 2021, 95% of buyers use online tools to look for houses, with 51% reporting that they found their eventual home online.

Buyers 448
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Cracking the code on marketing to the Realtor channel

Housing Wire

As lenders adapt to a purchase-centered market , HousingWire spoke to Brian Boero, CEO of 1000watt , about opportunities to grow lenders’ effectiveness in the Realtor and broker market. HousingWire: What’s happening right now in the Realtor world that lenders should know more about? This has created an environment of scarcity.

Realtors 345
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Rising home prices take a toll on pending home sales

Housing Wire

in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices. compared to a year ago.

Inventory 535
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Why is the housing market thriving in a pandemic?

Housing Wire

The buyers are coming in because of the low interest rates – that’s the No. 1 reason,” said Lawrence Yun, chief economist of the National Association of Realtors said in an interview with HousingWire. It was the highest sales level since 2006 and the biggest monthly increase on record. million in July, NAR said in an Aug.

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Average mortgage rate falls to 2.91%: Freddie Mac

Housing Wire

“These rates continue to incentivize potential buyers and the home-buying season, which shifted from spring to summer, will likely continue into the fall.”. That beat the prior record gain of 21% set a month earlier, as low mortgage rates fueled demand for real estate purchases, the National Association of Realtors said in a report on Friday.

Mortgage 526
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U.S. home prices hit 14-year high in October

Housing Wire

from its former high in July 2006. Craig Lazzara, managing director and global head of Index Investment Strategy at S&P Dow Jones Indices, said that it’s likely COVID-19 has pushed buyers to move from urban apartments to suburban homes. million, according to the National Association of Realtors. respectively.

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Pending home sales continue to slip as 2021 approaches

Housing Wire

year-over-year, according to a report from the National Association of Realtors. from its former high in July 2006, and was up 8.4% pending home sales slid for the third consecutive month in November, dropping 2.6% Year-over-year, contract signings increased by 16.4%. The National Index is now up 24.5% year over year.

Contracts 535