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

The Close

Construction loan. 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.

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Las Vegas Real Estate Market 2020 Overview

Marco Santarelli

Due to rising economic uncertainly of the likes of the infamous recession cou0pled with stay-at-home order, the number of home sales in the Las Vegas housing market for April dropped sharply when compared to March. Many construction projects were also canceled or postponed indefinitely. The average days on market is 91.

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NYC Real Estate Market 2020 Overview

Marco Santarelli

Home sales in the NYC housing market were down 46 percent from last year's June. Median Days on Market were 84 which was 6 days faster than last year. With the phased opening of the economy, buyers have been quicker to return to the housing market. percent on a 30-year fixed-rate mortgage.

Marketing 142
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Phoenix Real Estate Market & Investment Overview 2020

Marco Santarelli

With 2020 being, theoretically, in the middle of a boom, there are still 4 years for residential construction to surge. Impact of Covid-19 on The Phoenix Housing Market. Phoenix housing market 2020 started so strong that only something as drastic as the ongoing pandemic could have impeded the real estate sector. year-over-year.

Marketing 135
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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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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