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If buyer demand is slowing down in your area, it's even more important to stage your listings thoughtfully so they won't linger on the market. The right furniture arrangements can move you into a higher price point and help buyers fall in love the moment they walk through the door.
As buyer demand wanes, CoreLogic analysts expect price drops in the coming months in some housing markets, especially in Oregon and Washington. Higher mortgage rates and general worries about the economy are affecting buyer demand, experts said.
Agents see a chance for growth in the housing market with buyers who would prefer to use crypto assets to secure property. Developer PMG has partnered with the FTX crypto exchange to accept cryptocurrency for condos, including projects in Miami.
Economists say home prices are beginning to decrease in markets across the country, including greater Las Vegas and Austin, Texas, with corrections that could reach as much as 5% as rising interest rates, inflation and prices have suppressed some demand. "Even as median list prices continue to advance—the result of homeowners pricing properties based on market data from months ago—growing inventory and shrinking buyer traffic are starting to put downward pressure on prices," says George Ratiu, a senior economist with realtor.com®.
New technology is revolutionizing how people conceptualize their homes, with Ohio-based Tekton Engineering finding success in providing the steps to building a house, virtually immersing people into renderings of a physical space. The technology, which is still being developed, will be available for builders, contractors, engineers, architects interior designers, commercial companies and home buyers, says Kenny Miller of Tekton.
Colisting homes with your teammates or conducting showings in a group doesn't necessarily make you less of a target for criminals. Safety procedures are just as important for teams as individual agents. Here's how to make personal security part of your team's culture.
Florida's Miami-Dade County is proposing to set aside $25 million to help homeowners who have fallen behind on association dues, mortgage, insurance or utility payments, a move that's part of a broader effort to support housing affordability. The HOMES Plan would allow eligible homeowners to receive up to $1,500.
The GDP has fallen for two quarters, suggesting the national economy is entering a recession, but another benchmark, gross domestic income, is up 1.6%. The reading suggests the economy may be stagnating rather than contracting.
The National Association of REALTORS® is America's largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. REALTOR® Magazine is the official magazine of NAR, bringing expert insight to real estate trends, tools, and business strategies.
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