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How L.A.’s Wildfires Are Impacting the Housing Market 

Appraisal Buzz

Home listings fell in neighborhoods hit by the wildfires, too. Listings slowed a bit in Februarybut not nearly as much as sales. There were 23 new listings in the Palisades, down 12% year-over-year, and 46 new listings in Altadena, down 6%. million in February, down 8% year-over-year. Home sales rose 6.2%

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Where Are Home Prices Rising the Quickest?

Appraisal Buzz

Some homes are attracting bidding wars like its 2020 again, while others are sitting on the market for weeks with no action, said Desiree Bourgeois, a Redfin Premier Real Estate Agent in Detroit. In Miami, the typical home that went under contract last month sat on the market for 94 daysmore than any other major metro.

Contracts 393
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Luxury Market Heats Up as Affluent Buyers Seek ‘Forever Homes’

Appraisal Buzz

“It’s gratifying to see many of the trends that we identified in January holding true and new ones taking shape halfway through the year,” Michael Althea, VP of Coldwell Banker Luxury , said. Despite challenges in the market, luxury agents can leverage these insights [from the mid-year report] to finish the year strong.”

Buyers 417
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U.S. Homes Selling at Slowest Pace Since 2019

Appraisal Buzz

When the market isnt competitive, some buyers think they should wait for costs to go down, said Jordan Hammond, a Redfin Premier agent in Raleigh, NC. home listing that went under contract stayed on the market for 54 days, which is the longest period since March 2020 and one week longer than it was at this time last year.

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Pending Home Sales Fall to 24-Month Low

Appraisal Buzz

of homes that went under contract that month. Homebuyers pumped the brakes when mortgage rates ticked back up and are now in wait-and-see mode, said Jesse Landin, a Redfin Premier Real Estate Agent in San Antonio. of homes went under contract within two weeksthe lowest share in five years. New listings fell 1.6%

Contracts 397
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Experts weigh usefulness of exclusive listings

Housing Wire

While they previously accounted for only 2% to 4% of listings, that share surged to nearly 8% of new listings by February 2025. Office exclusives, also known as private or pocket listings , refer to residential properties that are marketed privately rather than being broadly shared through the Multiple Listing Service (MLS).

Brokerage 326
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Will we see home prices decline in 2025?

Housing Wire

Even though the best new inventory hits the market each week, these are being priced fractionally cheaper than last year. Home sellers and listing agents know where demand is for homes. Meanwhile, the median price of the new contracts pending this week came in at $384,700, which was a slight jump from last week.

Inventory 396