Realty Biz

MAY 21, 2023

Rates leveled off before recently rising again. Rates on March 1, 2022 were 3.90%. Home sales are sensitive to mortgage rate changes. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.35% as of May 11. Miami Distressed Sales Remain Low, Reflecting Healthy Market Only 1.3%

Sales 92

Sales Short sale Fixed-rate mortgage MLS 92

Realty Biz

SEPTEMBER 23, 2021

According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage was 2.84% in August, down from 2.87% in July. The average commitment rate across all of 2020 was 3.11%. NAR Chief Economist Lawrence Yun expects the 30-year fixed-rate mortgage to remain below 3.5%

Sales 104

Sales Fixed-rate mortgage Short sale Equity 104

Realty Biz

MARCH 21, 2023

Pending Sales and Showing Appointments Rise for Second Consecutive Month Total pending sales rose 16.9% Pending sales are an indicator of future sales, but it takes up to 40 days for pending transactions to close and not all pending sales end in deals. Short sales and REOs accounted for 0.1%

Sales 101

Sales MLS Short sale Residential 101

Realty Biz

DECEMBER 26, 2022

While the Fed doesn’t set mortgage rates, it affects them through its conduct of monetary policy. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage averaged 6.31% as of December 15. In 2009, distressed sales comprised 70% of Miami's sales.

Sales 92

Sales Short sale Mortgages Fixed-rate mortgage 92

Realty Biz

JUNE 24, 2022

Look for fewer bidding wars, more days on market, and a cooling of the growth rate of pricing in the months ahead.”. Second-Best May Sales Month in History Miami’s total closed sales in May 2022 outperformed nearly every other May in history despite higher mortgage rates, lower supply, and higher sale prices.

Sales 78

Sales Short sale Mortgages Fixed-rate mortgage 78

The Close

DECEMBER 29, 2022

After all, great communication leads to closed deals. Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Assumable mortgage.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97

Marco Santarelli

AUGUST 27, 2020

In July, the median sales price of previously owned single-family homes, which comprises of the bulk of the Southern Nevada's housing market, increased to $330,000, a year-over-year increase of 8.9 Closed sales increased by 34.9 Redfin, a real estate brokerage, reported that 42.3% of all sales one year ago, 4.3%

Marketing 128

Marketing Purchase and sale agreement Investor Sales 128