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Mark Danforth Lomas has contributed 638 entries to our website, so far.View entries by Mark Danforth Lomas
As we head into 2023 the housing market finds itself at a turning point, hindered by a dramatic spike in mortgage rates that chilled the market. A storm was brewing as sellers came to terms with the fact that volatile mortgage rates were rising and pushing some buyers to the sidelines dampening demand for their homes. Yet supply is still tight and home prices went up faster throughout the year than many American incomes. The cooling housing market also leveled the playing field for all types of brokerages as change became the new normal.
The shifting sands of consumer tastes are revealed in the latest "lab report" from the Trulia.com website which examined the last two years of luxury home listings to see what amenities are trending up, and trending down.
The Future of Real Estate? I asked ChatGPT what Santa[...]
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