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Check out these nine downloadable real estate prospecting letter templates to help you make an impression in your neighborhood or zip code. Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce. What a great way to receive referrals for life!
Zillow.com Housing market reports and forecasts, evergreen content for buyers and sellers, market heat index, and real estate trends. Agent advice and resources Redfin Housing market trends and reports, industry news, statistics, and downloadable graphs. Homeowners Insurance: Which Protects What?”
“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.
Though many individuals are interested in purchasing a home, the inventory of available properties is low. Sellers have an advantage in this housing market since the lack of available homes creates more competition among buyers. Increasing prices and decreasing inventory often indicate a seller’s market.
Real estate investors who want to stay nimble in this market (especially as inventory stays low and prices stay meteorically high) need to adopt every tool at their disposal to stay informed and to quickly assess homes just entering the marketplace. Download the app (and connect it to your business account!)
Because in a buyer’s market, there’s more housinginventory and lower prices, giving power to the buyer. In a market that favors buyers, sellers and their realtors have to put in a much greater effort to make their homes stand out through means of social media, openhouses, and advertisements.
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