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Housing Market Tracker: Mortgage rates and inventory fall together

Housing Wire

In any case, mortgage rates were 6.75% on March 21 and 6.38% on March 24; the recent highs were 7.10%. The Federal Reserve has made the housing market into an orphan left in the rain with no home to go to because there isn’t much inventory out there, so the markets are simply too wild up and down.

Mortgages 439
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Are existing home sales showing a housing bubble?

Housing Wire

Today, existing home sales blew out estimates , coming in at 5,860,000. With new home sales, pending home sales, housing starts, housing permits, and purchase applications already in v-shape recovery mode, this last metric completes the v-shaped recovery across the board for housing.

Sales 544
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Salt Lake City Real Estate Market & Investment Overview

Marco Santarelli

The median home price in “Salt Lake County” was $378,411 in 2020, +10.5% Total home sales were up 5.5% Total home sales were up 5.5% The inventory has sharnk to an extremley low level and home prices in Salt Lake City are expected to rise by record levels in 2021. Pending Sales.

Marketing 125
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Austin Real Estate Market & Investment Overview 2020

Marco Santarelli

Austin housing market has been impacted by the pandemic which led to a decline in home sales due to critically low levels of housing inventory. After two months of sharp declines, home sales in the Austin-Round Rock MSA rebounded this June with a 9.3% increase year over year, which helped hold sales to only a 5.2%

Marketing 141
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Housing Market 2020 Forecast: Will It Crash or Recover?

Marco Santarelli

Here are the updated national housing market trends— home prices, inventory, sales, and forecast. Given the current fundamentals, real estate sales should remain strong in most U.S. month supply at the current sales pace. Buying activity slowed due to the pandemic but has significantly rebounded since June.

Marketing 145
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Portland Real Estate Market And Investment Overview 2020

Marco Santarelli

When COVID19 hit Oregon hard in March of 2020 the homebuyer turnout decreased massively. Portland buyer traffic increased about 40% from March but it was still down about 30% from April of the previous year. Things improved further in May when pending sales and new listings surged in the Portland housing market.

Marketing 127
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Miami Real Estate Market & Investment Overview 2020

Marco Santarelli

Out of five counties, only two of them saw a year-over-year decline in sales. Sales in Miami-Dade & Broward counties declined by 6% and 0.7% The other three counties saw a significant year-over-year increase in sales—Palm Beach (+9.35%), Martin (42.6%), and St. to $385,000 while sales dropped by -11.6%. respectively.

Marketing 127