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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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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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How to get listings in real estate: 11 proven strategies for 2024

Housing Wire

To help, I’ve compiled the 11 most effective strategies that my coaching clients and I have personally used to find more listings and create inventory. If you’re open to new ideas an d a fresh approach and you want to learn how to get more listings, keep reading! We have 10 other ways you can find listings. Who’s it for?

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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce. Definitely include a business card in the envelope, as your information won’t be printed on the letter itself. Buyer’s agents who can find their clients a home that’s not even on the market are instant heroes.

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9 tips for homebuyers in non-disclosure states

Housing Wire

Research local market trends Stay informed about local market trends, such as inventory levels, demand, and median home prices. Attend open houses and talk to other homeowners to get a sense of the market dynamics in the area.

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Mortgage rates are the highest they’ve been this year. Did loan officers expect this?

Housing Wire

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. Interest rates going up definitely cooled the market, but overall, that is not the problem.” economy remains hot.

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How LOs, mortgage execs are preparing for 2024

Housing Wire

“At the end of the day if mortgage rates come down, I don’t just think that’s gonna solve the inventory problem right away,” said Ben Cohen, managing director at Guaranteed Rate. But a combination of factors – high home prices , lack of inventory , elevated rates — temper expectations for even a moderately strong year.

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