Americans are feeling more confident about the housing market at the beginning 2024 as buyers and sellers start seeing a glimpse of hope at the end of the tunnel.
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The housing market needed a break and the Federal Reserve delivered it at their latest FOMC meeting in early November.
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The summer of 2023 has been characterized by a low inventory, homeowners unwilling to sell, low demand and a low number of closed sales. The higher mortgage rate environment impacted many real estate statistics and resulted in a very cool summer.
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With the school year ending, it is time to usher in all the distractions of summer: the beach, the community pool, hiking, biking, camping, traveling and all kinds of camps for the kids.
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HOUSING INSANITY RETURNS!!!! With the number of available homes to purchase at extremely low levels, there simply are too many buyers competing against each other despite higher mortgage rates.
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