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Tag Archives: Sellers Market

Attention Homeowners: You Could Fix the Housing Shortage

for sale

Homeowners think it’s a great time to both buy and sell, however in the current housing shortage, when it comes to buying, renters tend to dissagree. If homeowners are so positive that it's a good time to sell, what's stopping them from putting their houses on the market?

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Could the Market Be Cooling Off?

It seems the nation’s white-hot seller’s market may be starting to cool off—at least if a recent analysis is accurate. San Francisco, New York City, Miami, and other major cities are all showing subtle signs of slowing down, but does it spell the end of the seller’s market? And more importantly, will it become a nationwide trend? Only time will tell.

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May Home Sales Hit Record High

Despite the housing shortage and April’s drop in home sales, the housing market not only returned to seasonally high sales, but set a post-recession record— the strongest home sales in the last nine years of the report. According to the National Housing Report, May sales increased 20.6 percent from April and 4.3 percent from May 2016. The only metro considered to be a buyers market in the U.S. for May was Miami, Florida, which was only 0.1 over a balanced market between buyer and seller.

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Seller Confidence Gets a Boost

A solid March selling season has left sellers feeling pretty confident. A new report by Redfin finds sellers increasingly see themselves with more leverage in a sale. But not everyone thinks the tactics sellers are using are the smartest ones.

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Application Defect Rate Up Amidst Seller’s Market

The rate of defects and fraud in mortgage applications is up. The Defect Index on purchase applications rose 2.4 percent over the month, and for refinance applications, it jumped 3.3 percent. Defects were worse in the Southern part of the U.S.

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