One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic and it drove home prices way up.

If you tried to buy a house over the past two years, you probably experienced this firsthand and you may have been outbid on several homes along the way. But here's news that you've probably been waiting for. The data shows clear signs that bidding wars are easing.

According to the National Association of Realtors, the number of offers on recently sold homes has declined considerably over the past few months. This graphs shows home nationally. We're seeing…

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Selling your house? Your asking price matters now more than ever.

There's no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you're thinking about selling your house?

While home prices are still appreciating in South Florida and experts say that will continue and they’re just climbing at a much slower pace because rising mortgage rates are creating less buyer demand.

There are more homes on the market now and in a shift like this one, the way you price your home matters more than ever. During the pandemic, sellers could price their homes higher because demand was so high and the supply was so low.

This year, things are shifting and that means your…

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Whether you’re a potential home buyer, seller, or both, you probably want to know, will home prices fall this year? Let's breakdown what's happening with home prices where experts say they're headed and why this matters for your home ownership goals.

Last year's rapid home price appreciation wasn't the norm. In 2021, home prices appreciated quickly because of a record low mortgage rate that motivated more buyers to enter the market. As a result, there were more people looking to make a move than there were homes available for sale. This led to competitive bidding wars which drove prices up typically in South Florida where home prices appreciate around 4% per year historically.

In 2021, they went up on average about 24% that goes to show you…

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When the pandemic hit in 2020, many experts thought the housing market would crash. They feared job loss and economic uncertainty would lead to a wave of foreclosures similar to when the housing bubble burst over a decade ago. Thankfully, the forbearance program changed that. It provided much needed relief for homeowners so a foreclosure crisis wouldn't happen again.

Forbearance enabled nearly five million homeowners to get back on their feet in a time when having the security and protection of a home was more important than ever. Those in need were able to work with their banks and their lenders to stay in their homes rather than go into foreclosure.

As the graph shows, with modification, deferral, and workout options in place, four out of…

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What would a recession mean for the housing market? According to a recent survey from The Wall Street Journal, the percentage of economists who believe we'll see a recession in the next 12 months is growing. When surveyed in July of 2021, only 12% of economists consulted thought there would be a recession by now, but this July when polled, 49% will see a recession in the next 12 months.

But should you delay your home ownership plans? If there is a recession? A recession doesn't mean falling house prices. As this graph illustrates, looking at the recessions going all the way back to 1980, home prices appreciated in four of the last six recessions. So historically, when the economy slows down it doesn't mean home values will fall.

Most people…

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Hey, it's Andy with the Mandel Team at Remax and I'm here to bring you your September 2022 housing market update. I cannot believe it's already September. As always, for the purposes of these videos, we're gonna be giving you the leading indicators, showing you where the real estate market is headed, not where it's been. So we're going over what's happening right now in the market.

A lot of times when you hear these stats from the media, they're giving you stats that happened 30, 60, sometimes even 90 days ago. We're telling you what's going on right now, so you can predict what's going to happen in the next 30, 60 days in the real estate market. Now, when we do these stats, we're talking about single family homes only, and we're doing…

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