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Residential real estate activity picks up despite low inventory

Housing Wire

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. A strong economy and relatively high mortgage rates have pushed some movers to the rental market, boosting demand.

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Miami Real Estate Posts 10th-Highest Total Home Sales Month in History

Realty Biz

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. © SeanPavonePhoto – Fotolia.com.

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Seller’s Market 101: Is Your Real Estate Market Hot or Not?

HomeLight

For example, in Lexington, Kentucky, zoning regulations prevent new building starts with an established boundary line that limits new construction. More than half of those surveyed by Chase bank in 2019 plan to stay in their home, choosing to renovate rather than pack up. Monthly mortgage payments drop along with them.

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Boise Real Estate Market Trends & Investment Outlook

Marco Santarelli

The Boise housing market is a scorcher and is being fueled by low mortgage rates and limited supply compared to demand. The overall median sales price, including existing and new home sales, reached $409,945 last month, an increase of 17.2% That's how hot this market is even during the times of the Covid19 pandemic.

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Asheville Housing Market 2019: Home Prices & Trends

Marco Santarelli

Trulia has 827 resale and new homes for sale in Asheville, NC, including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. On average, homes in Asheville, NC sell after 65 days on the market. Asheville, NC Foreclosures And Bank Owned Homes 2019. Recently Sold.

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Investing In Rental Property: Beginners Guide For 2021

Marco Santarelli

Among the advantages of this strategy is that during the time that you hold the property and rent it out, the mortgage is paid down every month, decreasing your principal balance and increasing your equity in the rental property. There is a lot more than just a mortgage to think about. Appreciation in the rent and property value.

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Minneapolis Real Estate Market & Investment Overview 2021

Marco Santarelli

With a strong economy and low mortgage rates, buyer activity has been very strong in 2021. According to new data from local realtors, seller activity in May grew slightly, up 2.6 According to new data from local realtors, seller activity in May grew slightly, up 2.6 New construction sales dropped 5.5