Inventory keeps contracting as higher rates deter sellers: Redfin

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In 2012 when the market first swung sharply in seller saver reducing the number of buyers supported by each Redfin agent increased our customers’ success rate. We saw the same correlation in 2017.

Redfin found that more than 25 percent of listings that hit the market last quarter were under contract within three. As a consequence of the low inventory, many buyers are going out of their way.

Hindsight may be 20/20, but investors necessarily don’t need perfect vision to see when a market is headed south. The real estate market fluctuates all the time, going up or down depending on.

In 2012 when the market first swung sharply in seller saver reducing the number of buyers supported by each Redfin agent increased our customers’ success rate. We saw the same correlation in 2017.

 · And homes that sold last month went under contract after a median of 36 days on the market – a record speed in data going back to 2010, according to a new report by brokerage Redfin Corp. “This is what happens when the economy is strong,” Sam Khater, Freddie Mac’s chief economist, said in a phone interview.

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July had a three-month supply of homes-higher than June’s record-low 2.5 months-but still well below the six months that represent a market balanced between buyers and sellers. The inventory.

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I listed our home with Redfin. The seller’s agent receives a salary & did not advocate for me at all with buyers. I had to write the MLS listing & got the worst advice & service. They are not helpful.

The hot market is a boon for home sellers but is hurting buyers, especially those seeking low-priced starter homes. The price surge is defying a national housing market that cooled in the second half of 2018 amid rising mortgage rates and tight inventory.

"In the first half of the year, the housing market was able to keep its head above water, despite high prices and low inventory, because buyer demand was so strong," said Redfin chief.

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What’s the downside of using Redfin for Buy Side Representation? Asked by KP, 01970 Fri Aug 27, 2010. So I have talked with some people that have used it, read reviews on the web and there does not seem to be a catch – you get 50% of the buyers commission (1.25% to 1.50% of the purchase price) refunded at closing.