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April 2022 Sees a Double-Digit Decrease in Home Showing Traffic

According to ShowingTime’s Showing Index report that was released in May 2022, home showing traffic has taken a plunge in April. In fact, home showing traffic was down 10.7% year over year and 12.1% month over month. The nationwide average showings per listing were only 8.49. In April 103 of the markets across the nation had a double-digit ratio of showings per listing which was down from 121 in March...

Cash Wins the Home Bidding Wars

According to a report from Redfin, homebuyers who offered all cash won the bidding wars in 2021 which caused it to be the best strategy to beat out other buyers. Thirty-one to twenty-five percent won bids with waiving finance contingencies and inspections but these are not as effective as cash because they are so common. Many buyers are not able to offer an all-cash deal. So what can they do to sweeten...

The Potential to Active Buyers Ratio Is Closing

The hot home market is still a seller's market with tons of potential buyers. The low-interest rates and low inventory have caused buyers to take risks. Buyers are having to make decisions a lot faster if they want to win the bidding war. The National Association of Home Builders reported out of the 17% of prospective U.S. buyers, 61% of them are actively purchasing a home. This is not a new finding, as...

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