Remove 2020 Remove Inventory Remove Open Houses
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Real estate agents wonder if inventory levels will ever return to ‘normal’

Housing Wire

Nationwide, pre-pandemic the first week of February typically marks the lowest point for housing inventory during the year, as sellers return to the market in time for spring, but since the onset of the pandemic this predictable trend has been thrown out the window. “

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Denver’s housing market takes sharp turn toward buyers

Housing Wire

According to data from CoreLogic, Denver’s average price per square foot has risen 35% since 2020. The loss of population has softened housing demand, as has the rapid rise in mortgage rates that began in the spring of 2022. Inventory in the city has also risen sharply, giving buyers more options and more leverage in negotiations.

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DataDigest: The pandemic housing frenzy never went away in these markets

Housing Wire

For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity. You may have seen a picture making the rounds on Housing Twitter and LinkedIn recently. It shows about 50 people waiting in line at an open house in Mount Laurel, New Jersey.

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3 mortgage industry trends that will define the rest of 2021

Housing Wire

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues. All about the rates.

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Getting back to basics: Creating success in today’s market

Housing Wire

The current mortgage market starkly contrasts with the booming years of 2020 and 2021. The state of the market Even with some rate relief anticipated over the next year, the combination of limited inventory and the lock-in effect means there won’t be a lot of movement. All this is true, but it’s no reason to make excuses.

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Current Real Estate Industry Trends

D Fritz Appraisals

Live-streamed open houses, virtual walkthroughs, masks and sanitizer waiting at listed homes became common as the first weeks wore on. As a result, in June the number of homes on the market was much closer to 2019 numbers and sales in June 2020 in the VREB region surpassed sales from June 2019. with 460 homes sold in June 2020.

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Price Adjustments and the 2024 Market

Lamacchia Realty

PRICE ADJUSTMENTS AND THE 2024 MARKET In 2023, it was clear that the market was continuing to adjust from the frenzied post-pandemic scene in the early 2020s. Inventory of homes listed reached a record low by July of 2023 , and mortgage rates increased dramatically, diminishing buyer affordability.