Remove Brokerage Remove Commercial Remove Fixed-rate mortgage Remove New Construction
article thumbnail

Miami Real Estate Luxury Home Sales Continue Surging 

Realty Biz

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. That's down from 6.39% the previous week but up from 5.30% one year ago.

Sales 92
article thumbnail

Miami Real Estate Records 4th Best Sales Year Ever 11 Years in a Row

Realty Biz

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. That's down from 6.33% last week, but up from 3.12% one year ago.

Sales 92
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Miami-Dade Luxury Sales Surge

Realty Biz

Home sales are sensitive to mortgage rate changes and homebuyers are taking advantage of any rate declines. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage is 6.60% as of March 16. Miami Real Estate Posts $190.4

Sales 101
article thumbnail

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

Realty Biz

On the same $300,000 mortgage, the monthly payment has risen from $1265 in December to $1800 today, according to NAR. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage was 5.23% in May, up from 4.98% in April. The mortgage rate is projected to land at 5.3%

Sales 78
article thumbnail

Las Vegas Real Estate Market 2020 Overview

Marco Santarelli

Redfin, a real estate brokerage, reported that 42.3% Many variables could potentially impact the value of a home in Las Vegas in 2020 (or any other market) such as big changes in the distressed, new-construction, or luxury home segments. Diversified Economy is driven by health-related, high-tech, and other commercial interests.

Marketing 128
article thumbnail

NYC Real Estate Market 2020 Overview

Marco Santarelli

The following analysis of the NYC housing market has been prepared by Redfin.com , a national real estate brokerage. The report compares year-over-year key housing metrics of the “New York City” from June 2020 with June 2019. Home sales in the city of New York, NY in June 2020 were down 46 percent from last June. months to 5.4.

Marketing 142