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9 July 2024 | 1 reply
…Here's the latest market report (based on single family homes): Mortgage Rates:30-year conventional rate today is 7.01%30-year VA rate today is 6.50% Median Sales Price:April: $476,000May: $475,995June: $485,000 New Listings:April: 1,957May: 2,141June: 1,875 Median Days on Market Until Sale:April: 12May: 12June: 13 Months Supply of Inventory:April: 2.2May: 2.4June: 2.3 What does "Months Supply of Inventory" mean?
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9 July 2024 | 3 replies
With a background as a Navy Supply Corps Officer, where I developed strong skills in leadership, project management, and financial operations, I am now dedicated to using these skills to make a meaningful impact in the real estate industry.
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12 July 2024 | 281 replies
He calls to tell me it's a supply issue.
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12 July 2024 | 48 replies
Hi @Michael Mcghee -- Interesting comments.Those properties are not really offered to everyone; more specifically there is a limited supply of them so there is no potential of it "dragging the market down".
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9 July 2024 | 2 replies
Use tools like SWOT analysis and Porter's Five Forces to gain insights into market dynamics.Supply Chain and ExecutionEvaluate the feasibility and reliability of supply chains and execution plans.
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10 July 2024 | 0 replies
But let me say this, I am aware that housing is in short supply.”Powell also reiterated that:- unemployment while still low is steadily notching higher;- job and wage growth while still strong are steadily moderating;- inflation is moderating, on trend, and the Fed’s target of 2% is on the horizon.The Bottom like: I still think we get interest rate cuts in September, and a second one after the election.
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9 July 2024 | 8 replies
The list is huge, but includes things like monetary risk, legal differences, government corruption risk, management risk, supply chain issues, insurance practices, utilities, tax differences, banking differences, etc.
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7 July 2024 | 6 replies
All that said, if these are D’s then you may be getting hit with supply issues, depending on your market.
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10 July 2024 | 87 replies
The free and efficient market finds the price that the consumers are willing to bare.Only one thing in the last 50 years has affected the commission rates; The available supply of labor.
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8 July 2024 | 8 replies
Those things are key because they do come up and for example you have a deal and you supply 10 deals and are only getting 50/50...