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Home-price index gains the most since 2018

Housing Wire

in July from a year ago, the biggest advance since 2018, as rock-bottom mortgage rates made it possible for people to bid higher for properties. advance in the prior month, and it was the largest annual gain since December 2018. The post Home-price index gains the most since 2018 appeared first on HousingWire. million, down 18.6%

Inventory 542
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Is the DOJ really the CCP boogeyman for Realtors?

Housing Wire

In a footnote on the seventh page of the filing, the DOJ decided to offer some clarity on its current feelings about the National Association of Realtors (NAR) Clear Cooperation Policy (CCP). Implemented in May 2020, under CCP, listing agents have 24 hours from when they begin marketing a property to list it on their local MLS.

Realtors 243
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15 Facebook groups every real estate agent & broker should join today

Housing Wire

Joining and engaging with groups of fellow Realtors on Facebook should be a key tool in every agent’s toolbox. Many Realtors are using Canva to cut their marketing budgets in half. Join Realtor Networking & Social Media Tips 4. 188,000+ Realtors can’t be wrong! Join Canva Made Easy 3. Join Lab Coat Agents Referrals 9.

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Bidding wars – the scourge of buyers – slowed in August

Housing Wire

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. But buyers shouldn’t get too excited. In 2018-2019, total housing inventory was in the range between 1.52 million and 1.92

Buyers 468
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Foreign buyers are avoiding American homes: NAR

Housing Wire

Foreign buyers purchased $54.4 existing homes from April 2020 through March 2021, a 27% decrease from the previous 12-month period, according to a new report from the National Association of Realtors. Out-of-country buyers purchased only 107,000 properties in that 12-month span — down 31% from the prior period. purchased $32.4

Buyers 397
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As insurance costs rise, real estate agents have more buyer concerns to assuage

Housing Wire

Now we are looking at a two- to three- business-day process and the buyer may not like the numbers they get back.” For some buyers, surprisingly high insurance premiums are causing them to second-guess the property they have selected. “I Last year alone, NOAA data shows there were 28 $1 billion weather and climate events in the U.S.

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Amid housing challenges, LA residents voice concerns about foreign-owned vacant homes

Housing Wire

For years, wealthy international buyers have bought high-end homes in the U.S. Buyers from China often led the way. Many flocked to Los Angeles, though their appetite started to dry up in 2018 after Beijing implemented new currency controls. Many of these owners are Chinese nationals, according to the Journal.