Marco Santarelli

NOVEMBER 1, 2023

The Looming Threat of a Housing Market Crash Fears of a housing market crash are looming large, casting a shadow of uncertainty as mortgage interest rates hover near 8%. A Blast from the Past: The 1980s and High-Interest Rates Those who lived through the early 1980s recall the devastating impact of soaring interest rates on the U.S.

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Realty Biz

MAY 21, 2023

South Florida has benefited from a major wealth migration as buyers from California and New York have relocated their companies and their families to Miami: the city of the future,” MIAMI Chairman Ines Hegedus Garcia said. Rates leveled off before recently rising again. Rates on March 1, 2022 were 3.90%. months) and condos (4.9

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Realty Biz

SEPTEMBER 4, 2021

And importantly, it did so through government-backed, low-interest, fixed-rate mortgages with zero or low-down payments with up to 30-year terms. Moving forward, came the pandemic that brought new construction almost to a standstill. But now, that real estate exuberance is facing an affordability plateau.

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Realtor.com

MARCH 22, 2021

Getty Images As home buyers already know full well, the residential real estate market has been on a wild tear for the past few years—and the pandemic has pushed things to new, uncharted extremes. They were spurred on by record-low mortgage interest rates. This could all lead to an increase in home sales.

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Realty Biz

DECEMBER 26, 2022

This influx of people and companies moving into our region, coupled with the ratio of cash buyers which is nearly double the national average should continue to shield Miami from the impact of high mortgage rates as the Fed continues its mandate to tamper inflationary pressure.”. South Florida real estate is different from many U.S.

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Realty Biz

MARCH 21, 2023

MIAMI Chairman of the Board Ines Hegedus-Garcia Miami real estate, which posted its second-most total home sales in history in 2022 despite an unprecedented doubling of mortgage rates, continues to see a surge in domestic and international wealth migration. Property prices in Miami continue to rise, albeit at a more modest rate.

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Realty Biz

DECEMBER 18, 2021

Right now, demand is high because interest rates are low, which makes it less expensive for people to purchase everything they wanted. The most useful tool the Federal Reserve has for controlling inflation is higher interest rates. And it probably will be once the higher interest rates kick in. How Inflation Erodes Buying Power.

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Realty Biz

JUNE 24, 2022

The rapid rise in mortgage rates, from an average of 3% to 6% over the past six months, is tempering Miami real estate’s historic pace,” MIAMI Chairman of the Board Fernando Arencibia Jr. Although top sales marks are still being achieved, higher rates are starting to restore balance to the market. There are 2.6 There are 4.8

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Sales Short sale Mortgages Fixed-rate mortgage 78

Marco Santarelli

SEPTEMBER 5, 2020

As we saw Arizona real estate market thriving & becoming sizzling hot in the past couple of years, even the rise in mortgage rates was believed not to affect it. We've been seeing real estate appreciation rates increasing year-over-year in the entire metro area. The annual real estate appreciation rate is in double digits.

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Marco Santarelli

AUGUST 2, 2020

Residential sales in NYC were reported to be down by 25% as compared to last year. Median coop sale price in New York City was $489K, a change of 0% year-over-year. Brooklyn sales activity contracted at the least sharp rate, recording only -21% Y-o-Y in H1. The New York real estate market has been booming year-over-year.

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Marco Santarelli

SEPTEMBER 7, 2020

We’ll be discussing the latest Orlando real estate market trends & statistics to find out how they can affect the investors and homebuyers in the next six to twelve months. After a big slump in real estate sales and activity during April, May, and June, home sales have bounced back in the Metro Orlando housing market. year over year and up 18.6%

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Marketing Investor Sales As-is 126

Marco Santarelli

AUGUST 27, 2020

Houisng prices are at record levels, with historically low-interest rates, strong demand, and tight housing supply. With the reopening of its economy, the Las Vegas real estate industry is looking forward to how the business can be conducted in the wake of the new normal. However, it has managed to avoid total collapse. year-over-year.

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Marco Santarelli

SEPTEMBER 8, 2020

In the past ten years, the annual real estate appreciation rate has amounted to 6.45%, according to NeighborhoodScout.com. It experienced a heightened homebuying interest in July, which resulted in a 57.3 percent increase in pending sales for the month. Total sales (closed) during July increased 35.4 percent year over year. April 2019.

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Marco Santarelli

JULY 30, 2020

to a new level of $553,000. metropolitan area with over 13 million people rivals New York in population as the largest in the country. metropolitan area with over 13 million people rivals New York in population as the largest in the country. In Metro Los Angeles, home prices rose $18,000 or 11.6% Jump in sales was 48%.

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