Realty Biz

APRIL 19, 2024

The 30-year fixed-rate mortgage rate was at 6.6 At the same time, new constructions struggle to keep up with the market. Building materials were a real nail-biter, forming the core of the construction industry's concerns. This average increased by 5.1 percent from the previous year.

Marketing 89

Marketing Fixed-rate mortgage Construction Residential 89

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. from March to a seasonally adjusted annual rate of 4.28 million in April.

Sales 92

Sales Short sale Fixed-rate mortgage Banks 92

Marco Santarelli

DECEMBER 13, 2024

Current Mortgage Rate Trends As of the latest data, the 30-year fixed-rate mortgage has shown a gradual decline: Current Average : 30-Year Fixed Rate Mortgage at 6.6% Investors and economists are closely watching for guidance on monetary policy and potential interest rate adjustments.

Mortgages 52

Mortgages Fixed-rate mortgage Construction Investor 52

Realty Biz

MARCH 21, 2023

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. Home sales are sensitive to mortgage rate changes and homebuyers are taking advantage of any rate declines. from January to a seasonally adjusted annual rate of 4.58

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Sales MLS Short sale Residential 100

Realty Biz

DECEMBER 18, 2021

Specific to real estate, inflation is going to drive both higher mortgage rates and higher property values. Even if the pace of construction picks up, new construction (supply) will be more expensive due to inflation. And it probably will be once the higher interest rates kick in.

Fixed-rate mortgage 80

Fixed-rate mortgage Investor Mortgages Construction 80

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. from October to a seasonally adjusted annual rate of 4.09

Sales 92

Sales Short sale Residential Mortgages 92

Realtor.com

JANUARY 26, 2022

We then looked at the median home prices in those 100 places and calculated the monthly cost of buying with a 30-year fixed-rate mortgage. A newly built, three-bedroom home close to Lackland Air Force Base, a big employer in the area, was recently listed for just $255,000. Census data. Scranton, PA. Monthly payment: $715.

Fixed-rate mortgage 105

Fixed-rate mortgage As-is Mortgages Construction 105

Marco Santarelli

AUGUST 3, 2024

Many first-time buyers underestimate the true cost of homeownership, overlooking the hidden expenses beyond the mortgage payment. Common Mistakes: Not Calculating the Total Cost: Ignoring closing costs, property taxes, homeowners insurance, maintenance expenses, and potential unexpected repairs can lead to financial strain down the line.

Closing costs 52

Closing costs Inspection Pre-approval FHA loan 52

Marco Santarelli

NOVEMBER 1, 2023

As concerns grow, investors are advised to closely monitor the housing market's unpredictable fluctuations. A Blast from the Past: The 1980s and High-Interest Rates Those who lived through the early 1980s recall the devastating impact of soaring interest rates on the U.S. economy and the real estate market.

Marketing 52

Marketing Fixed-rate mortgage Construction Residential 52

Marco Santarelli

SEPTEMBER 5, 2020

July 2020 was a very active month for closings, up almost 13% compared with July 2019. This increase in new listings appears to be setting in for the long run, which is a little bit of good news for buyers. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%.

Marketing 135

Marketing Purchase and sale agreement Investor Sales 135

Redfin

JULY 10, 2023

Stable monthly payments Buying a home with a fixed-rate mortgage means that your monthly mortgage payments stay the same over the duration of your mortgage. While other monthly expenses may fluctuate, you’ll have peace of mind that your mortgage payments will stay stable.

New Construction 59

New Construction Equity Purchase and sale agreement Closing costs 59

Marco Santarelli

JULY 20, 2024

Construction Data Overview Month Total Housing Starts Single-Family Starts Multifamily Starts April – – – May Declined 5.5% Despite this decline in housing starts , the number of units under construction in the multifamily sector remains notably high, with 898,000 units in progress. Declined 5.2% Declined 10.3%

Mortgages 52

Mortgages Construction Investor Fixed-rate mortgage 52

Marco Santarelli

AUGUST 2, 2020

percent and closed sales were down 1.1 2020 began with increased sales activity in the New York housing market, with the year expected to be a strong one for the industry. The third week of June closed with a median sale price of $700,000 for a 3% week-over-week gain. New listings increased by 24% year-over-year.

Marketing 142

Marketing Sales Pre-approval As-is 142

Redfin

JULY 14, 2023

Stable monthly payments One of the biggest advantages to buying a home in Birmingham with a fixed-rate mortgage is that you’ll have the same monthly mortgage payment throughout the duration of your mortgage. Do you want to be close to public transit or something further from the city?

Equity 58

Equity Fixed-rate mortgage Closing costs Inspection 58

Marco Santarelli

AUGUST 27, 2020

Closed sales increased by 34.9 of the closings for the month of July were on the market 30 days or less, in June this number was at 59.1% 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.

Marketing 128

Marketing Purchase and sale agreement Investor Sales 128

Marco Santarelli

JULY 25, 2024

A decrease in the federal funds rate could ease borrowing costs more broadly, which may result in lower mortgage rates. The timing of these cuts remains uncertain, and market observers are closely watching economic indicators such as inflation rates, employment statistics, and overall economic growth.

Mortgages 52

Mortgages VA loan Fixed-rate mortgage Finance 52

Marco Santarelli

JULY 30, 2020

over the previous year, according to the latest available data from the closely watched S&P CoreLogic Case-Shiller index. Last week, the average rate on 30-year fixed-rate mortgages dipped below 3% for the first time on record and this week stood at 3.01%, down from 3.75% a year ago, according to Freddie Mac.

Marketing 139

Marketing Investor Sales As-is 139

Marco Santarelli

SEPTEMBER 8, 2020

Total sales (closed) during July increased 35.4 Data released by Naples Area Board of REALTORS®, which tracks home listings and sales within Collier County (excluding Marco Island), showed that overall closed sales in March increased 15.8 percent to 1,148 closed sales compared to 991 closed sales in March 2019.

Marketing 105

Marketing Purchase and sale agreement Investor Closing 105

Marco Santarelli

SEPTEMBER 7, 2020

In July, the total closed sales amounted to 3,679, up 1.4% On the other hand, home prices continued to rise in May as closings and inventory fell. New contracts are up 8.2% year over year, and new listings are up 3.6%. The average interest rate paid by Orlando homebuyers in July was 2.97%, down from 3.04% the month prior.

Marketing 126

Marketing Investor Sales As-is 126

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

Realtor.com

MARCH 22, 2021

And, just maybe, buyers may no longer be pressured to do things that over a year ago would have seemed ludicrous: waiving inspections, agreeing to pay closing costs, and sometimes buying homes across the country via video calls, sight unseen. What resulted was the lowest interest rates we’ve ever seen.

Marketing 145

Marketing Fixed-rate mortgage Construction Mortgages 145

Marco Santarelli

FEBRUARY 14, 2025

As of February 14, 2025, mortgage rates have slightly increased. The average rate for a 30-year fixed-rate mortgage is now 6.92%, a small uptick of 0.01% from the previous week. This slight increase in rates is just one aspect of a complex and evolving housing market.

Fixed-rate mortgage 52

Fixed-rate mortgage Mortgages Debt-to-income ratio Loans 52