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Existing-home sales flop once again, but inventory is a bright spot

Housing Wire

million, according to data released Wednesday by the National Association of Realtors (NAR) On a year-over-year basis, existing-home sales were down 3.5% And while the slower sales pace may not be great news for real estate professionals, it has resulted in an uptick in inventory , which is good news for homebuyers. After falling 2.5%

Inventory 464
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Tom Davis shares non-QM opportunities to capitalize heading into 2025

Housing Wire

In this HousingWire Executive Conversation, Tom Davis, Chief Sales Officer at Deephaven , discusses the opportunities in the non-QM investor loan space as we head into the new year. Tom Davis: Investor transactions are still close to 28% of the overall purchase market. Many investors prefer to close in the name of an LLC.

Investors 448
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Pop the champagne! Existing-home sales post first annual gain since July 2021

Housing Wire

million, according to data released Thursday by the National Association of Realtors (NAR). The worst of the downturn in home sales could be over, with increasing inventory leading to more transactions,” NAR chief economist Lawrence Yun said in a statement. Inventory was up 19.1% month over month in October to 3.96

Inventory 370
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Existing-Home Sales Experience Seasonal Climb

Appraisal Buzz

The National Association of Realtors reports that existing-home sales increased in November. More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%. Three major U.S. from October to 4.15

Inventory 396
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As housing demand cools, don’t overlook foreign investors

Housing Wire

Despite all the external factors cooling down overall home sales – high interest rates, less spending power among residents, lack of inventory— real estate transactions are still hot in certain key areas. Given what is indicated in the National Association of REALTORS report on international transactions, it may not be the buyer you expect.

Investors 448
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Housing inventory slowly coming back as frenzy fades

Housing Wire

million, according to the National Association of Realtors. You can thank a rise in housing inventory for the gains. million in June 2020 as housing inventory has slowly improved in recent months. Total housing inventory at the end of June amounted to 1.25 from May’s inventory and down 18.8% Sales climbed 22.9%

Inventory 508
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Existing home sales fall due to lack of housing inventory

Housing Wire

For the second consecutive month, existing-home sales fell, according to the latest National Association of Realtors report. The sales for March would have been measurably higher, had there been more inventory.” ” Total housing inventory at the end of March amounted to 1.07 from February’s inventory but down 28.2%

Inventory 476