Mixed market signals: Mortgage rates shoot up, sales trend positive
Real Estate News
APRIL 25, 2024
Even as interest rates and prices keep rising, new and pending home sales have ticked up.
Thu.Apr 25, 2024
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Pending home sales post a modest gain in March: NAR
Housing Wire
APRIL 25, 2024
Pending home sales increased by 3.4% in March compared to February despite rising mortgage rates , according to data released Thursday by the National Association of Realtors (NAR). Sales were essentially flat compared to one year ago. NAR’s Pending Home Sales Index increased to 78.2 New-home sales jumped by 8.8%
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Steep home-price growth hampers February pending sales
Inman
APRIL 25, 2024
Rising home prices and mortgage rates stifled pending home sales in February, according to the National Association of Realtors on Thursday. The Pending Home Sales Index, which is a forward-looking indicator based on contract signings, was 75.6 in February. percent).
Pending Home Sales Jump 3.4% in March, Expected to Continue Upward Trend
RIS Media
APRIL 25, 2024
Despite rising mortgage rates, pending home sales jumped 3.4% Year-over-year however, only the Midwest and… The post Pending Home Sales Jump 3.4% Year-over-year however, only the Midwest and… The post Pending Home Sales Jump 3.4% in March, Expected to Continue Upward Trend appeared first on RISMedia.
Florida & Texas Housing Market Slowdown: Prices Stall as Inventory Piles Up
Marco Santarelli
APRIL 25, 2024
Many homeowners, locked in with historically low mortgage rates, are reluctant to sell. The good news for homebuyers struggling with rising mortgage rates and skyrocketing prices is a potential easing of the affordability squeeze. Eric Auciello, a Tampa-based Redfin sales manager, highlights North Port as a prime example.
What Is a CD in Real Estate? (Closing Disclosure)
HomeLight
APRIL 25, 2024
A closing disclosure , or CD, is a five-page form that provides final details about the mortgage loan you have selected. It includes the loan terms, your projected monthly payments, and how much you will pay in fees and other costs to get your mortgage. Get Started What is a CD in real estate?
Understanding Florida’s Real Estate Transfer Tax: A Quick Guide
HomeLight
APRIL 25, 2024
This tax is a standard part of real estate transactions and is calculated based on the property’s sale price or assessed value. Transfer taxes are also sometimes referred to as a “mortgage registry tax” or “deed tax.” The specific amount owed in transfer taxes can vary significantly depending on the property’s location.
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