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Uncategorized Prices No Longer Increasing by Double Digits For over two years, monthly stats on home-price increases have reported something over 10%, but in Oct., Case-Shiller found 9.2% and FHFA reported 9.8%. WASHINGTON – Annual price growth in the increasingly fragile U.S. housing market slid into the single digits in October for the first time in about two years when mortgage rates that […]
Uncategorized Mortgage Rates Move Up After 6-Week Decline By Christopher Rugaber In Nov., the average 30-year, fixed-rate mortgage peaked at 7.08%, but six weeks of steady declines ended last week when it rose slightly to 6.42%. WASHINGTON (AP) – The average long-term U.S. mortgage rate rose this week after falling for six straight weeks, adding to the challenges potential homebuyers face amid higher […]
Uncategorized NAR: Pending Sales Dip 4% in Nov. By Kerry Smith The number of homes under contract fell for the sixth month, but Economist Yun expects to see a rebound as late-2022 interest rate drops affect pending sales. WASHINGTON – In November, pending home sales slid for the sixth consecutive month, according to the National Association of Realtors® (NAR). All four U.S. regions […]
Uncategorized The Biggest Housing Buzzwords of 2022? Most-used words in listing descriptions were basic, such as “room” and “bedroom,” but the top 10 also included “fireplace,” “pool” and “stainless steel appliances.” MIAMI – As more and more people house-hunt online, compelling home descriptions are essential for a home to remain competitive in the online real estate arena. Point2, a division of Yardi […]
Uncategorized Mortgage Rates Move Up After 6-Week Decline By Christopher Rugaber In Nov., the average 30-year, fixed-rate mortgage peaked at 7.08%, but six weeks of steady declines ended last week when it rose slightly to 6.42%. WASHINGTON (AP) – The average long-term U.S. mortgage rate rose this week after falling for six straight weeks, adding to the challenges potential homebuyers face amid higher […]
Uncategorized MORTGAGE RATES FELL FOR 4TH STRAIGHT WEEK TO 6.33%   Recession-skittish investors moved more money into 10-year Treasury notes, pushing rates for 30-year, fixed-rate loans to move lower. In Nov., the rates hit 7.08%.
Uncategorized Today’s Market? The Great Stabilization By Jennifer Warner Florida Realtors economist: The RE market changed rapidly this year, and the frenzy to buy-sell faded as more owners and renters decided to just stay where they are. ORLANDO, Fla – What really unleashed demand for housing over the last few years more than Covid-related remote-work policies? Record low interest rates that expanded all buyers’ purchasing […]
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