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You can also create messaging for your investor clients to inform them of possible investment opportunities. Building your segmented list Lets start by looking at how you might segment your list. For buyers, you may want to link to newlistings that fit their must-haves.
Existing home sales have more legs to go lower, especially now that newlisting data is falling. A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. million in August.”
This facilitated the biggest decline in existing home sales for a single year that we will ever see in modern-day history due to the high level of sales in January of 2022. Since the end of June last year, when rates went above 6%, newlisting data has declined, and this last week we hit a weekly new all-time low for the previous week.
In the first quarter of 2023 alone, real estate investors flipped 72,960 homes. For both new and experienced real estate investors, this bodes well for the 2024 market. Investors are thriving by finding properties with a lot of potential as both rentals and flips—and then being able to sell them quickly at the right price.
From the subtle upturn in existing home sales to the moderated growth of new home sales and the looming shadow of rising mortgage rates, the market’s complexion is changing. Mortgage rates projected to rise further Stronger-than-expected inflation and jobs reports caused investors to scale back expectations for near-term Fed policy easing.
The image was taken from a drone above The Parc, a condo in Belltown, where I am promoting one of my newlistings. It’s impossible to beef up inventory when there is a 61% increase in newlistings on the Eastside, as was tabulated in March, and a 63% rise in Pending sales from the previous month. MARCH HOUSING UPDATE.
The past year witnessed a financial rollercoaster, with interest rates fluctuating between 5.99% and 8.03% for conventional 30-year mortgages, according to Mortgage News Daily. The Fed’s revised lending forecast sparked a celebratory mood among investors, particularly those tracking U.S. List price: $6.499M ($1161/sq.
While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. List: $3.2M ($703/sq. OCTOBER HOUSING UPDATE.
That’s according to a report from ATTOM Data Solutions, which noted Seattle metro was the second-most active major market (1M+ population) for flipped homes purchased by investors with financing, at 56.1%, behind only San Diego (56.4%). >> With the settlement, a wave of newlistings hit the market in the past several weeks.
Moody’s Investors Service noted that banks hold approximately half of the $6T in commercial real estate debt, with the largest share maturing within the next three years, according to Reuters. The county saw the combined number of single-family, townhome and condo listings increase in June by 4.4% List: $6.895M ($1556/sq.
The spring season is nearly over and the number of listings hitting the market has already started to decline, a few weeks earlier than most years. The average King County single-family listing sold in May 9.5% months’ inventory (or 17 days of supply if not replenished with newlistings), and only 0.4 months (from 0.7)
A new door improves curb appeal, adds modern technology to the house and, based on my observations, doesn’t make as much noise as older models! On to newlistings, and we start far away. 1-story with basement, mid-century modern home is a real catch. Update: The listing is now Pending.]. below the $7.2M
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