Remove Banks Remove Days on market Remove Fixed-rate mortgage Remove Residential
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Miami Real Estate Posts 10th-Highest Total Home Sales Month in History

Realty Biz

“Although top sales marks are still being achieved, higher rates are starting to restore balance to the market. Look for fewer bidding wars, more days on market, and a cooling of the growth rate of pricing in the months ahead.”. The average commitment rate across all of 2021 was 2.96%. billion to $1.51

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Phoenix Real Estate Market & Investment Overview 2020

Marco Santarelli

Single-family homes continue to drive the Arizona real estate market. Particularly, previously-owned single-family houses compromise the majority of residential sales in the Arizona real estate market- approximately 80% of all sales. Impact of Covid-19 on The Phoenix Housing Market. The average new list prices are up +15.7%

Marketing 135
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Orlando Real Estate Market & Investment Overview 2020

Marco Santarelli

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%. The 15-year fixed-rate mortgage dropped to 2.44%.

Marketing 126
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Naples Real Estate Market & Investment Overview 2020

Marco Santarelli

Average days on market. The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88% in the first week of August. Single-family inventory.

Marketing 105
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

It’s kind of like a fixed-rate mortgage and an adjustable-rate mortgage had a baby. A convertible ARM is a mortgage with a much lower interest rate at the start of the loan, where the interest rate fluctuates during the life of the loan, usually every six months. Days on market (DOM).

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Las Vegas Real Estate Market 2020 Overview

Marco Santarelli

With 2020 being, theoretically, in the middle of a boom, there are still 4 years for residential construction to surge. There are currently 984 properties in Las Vegas, NV that are in some stage of foreclosure (default, auction, or bank-owned) while the number of homes listed for sale on RealtyTrac is 5,959. days faster than the U.S.

Marketing 128
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NYC Real Estate Market 2020 Overview

Marco Santarelli

Residential sales in NYC were reported to be down by 25% as compared to last year. NYC Real Estate Market Report Amid Coronavirus Pandemic. According to PropertyShark.com's analysis of the impact of COVID-19 on the NYC residential market, despite a downward trend in the transactional activity, prices remain unaffected.

Marketing 142