HomeLight

DECEMBER 1, 2021

We also did some digging to find out the average number of days houses are staying on the market, why, and what can be done to shorten that time. The DOM (days on market) factor. DOM can signal market liquidity. In a buyer’s market where inventory exceeds demand , days on market are expected to increase.

Marketing

Broke Agent Media

MARCH 22, 2023

Skylar Olsen Zillow Chief Economist Key housing market indicators for February 2023 NAR’s latest report highlighted the following stats for key market indicators: The median existing home price —for all housing types—fell 0.2% Of all the homes sold in February, 57% of them spent less than a month on the market.

Sales

Real Trends

MARCH 2, 2023

“My expectation is that if rates stay higher in the sixes or sevens for a few years, over that time, we will get a bit more inventory each year and we’ll work our way back to normal.” Inventory is higher than it was last year, but we are working from all-time lows.

Agents

HomeLight

JANUARY 18, 2023

To understand what’s happening with your home’s equity, it’s worth digging into current housing market trends. Here are some patterns we’re seeing in this cooling housing market: Home appreciation is slowing. Mortgage rates are rising. Average days on market are increasing. Home sales are decreasing.

Equity

Toronto Realty Blog

JANUARY 13, 2021

I’m looking at one now that’s coming onto the market on Thursday as well as one that was on the market last year and did not sell. I currently have a five-year, fixed-rate mortgage approved at 1.30%. That is a little more than one-quarter of my first mortgage rate back in 2005.

Sales

Broke Agent Media

MAY 23, 2023

Seventy-three percent of existing homes sold in April spend less than a month on the market. Individual investors or second-home buyers , who are responsible for many of those all-cash sales, bought 17% of the homes sold in April, identical to the previous month and to April 2022. Total housing inventory , at the end of April, was 1.04

Sales

Marco Santarelli

JULY 23, 2024

This is the highest level of inventory in over four years, indicating a gradual shift from a seller's market to a more balanced one. Market Behavior and Buyer Trends Days on Market Properties typically stayed on the market for 22 days in June, slightly down from 24 days in May but longer than the 18 days observed in June 2023.

Sales

The Close

DECEMBER 5, 2024

Plus, interest rates on different types of financing can vary drastically. For example, as of November 2024, the average interest rate on a conventional 30-year fixed-rate mortgage is 6.78%. Hard money loans usually have much higher interest rates, often around 10% to 18%. of the purchase price.

House Flipping

Marco Santarelli

SEPTEMBER 5, 2020

Days on market were down -8 days year-over-year while month-over-month were down -1 days. Phoenix Real Estate Market Forecast 2020 – 2021. What are the Phoenix real estate market predictions for 2020? The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%.

Marketing

Realtor.com

FEBRUARY 3, 2023

Getty Images Mortgage rates have dropped yet again—could this spell an opportunity for homebuyers? The average interest rate for a 30-year fixed-rate home loan fell to 6.09% for the week ending Feb. 2, according to Freddie Mac.

Mortgages

Marco Santarelli

AUGUST 2, 2020

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

Marco Santarelli

AUGUST 18, 2022

Days on Market decreased 5.9 The housing affordability index, calculated by the NHAR, measures whether a median household earns enough to qualify for a 30-year fixed rate mortgage to purchase a median-priced single-family home, assuming a down payment of 20 percent, without paying more than 25 percent in principal and interest.

Marketing

Marco Santarelli

AUGUST 27, 2020

The market is currently cool – It is the right time to buy a property. The average days on market is 91. Las Vegas rental real estate market remains healthy and affordable for most renters. If you’re planning to buy in Nevada, the most common type of home loan is a 30-year fixed-rate mortgage.

Marketing

HomeLight

NOVEMBER 29, 2021

To find local market information in each New Jersey county, check out the Fast Stats page on the New Jersey Realtors website. You’ll find up-to-date information on new listings, days on market, median sales prices, housing inventory, and more. Veterans Administration loans.

Land

HomeLight

JANUARY 27, 2021

With fixed-rate interest, your rate remains the same over the life of the loan, which means every mortgage payment you make will be the same amount for the entire loan term (in the beginning, these payments will cover mostly interest, but you’ll start paying down the principal after a few years). Adjustable-rate interest.

Closing costs

Marco Santarelli

SEPTEMBER 7, 2020

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

Marco Santarelli

SEPTEMBER 8, 2020

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

Realty Biz

JUNE 24, 2022

“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%.

Sales

The Close

DECEMBER 29, 2022

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).

Purchase and sale agreement

Marco Santarelli

FEBRUARY 7, 2025

Tariffs often lead to inflation, which can then drive up interest rates, including mortgage rates. According to Freddie Mac , the average rate on a 30-year fixed-rate mortgage dipped to 6.89% for the week ending January 30th. This is a welcome decrease from the previous week's 6.95%.

Mortgages

Marco Santarelli

FEBRUARY 7, 2025

Tariffs often lead to inflation, which can then drive up interest rates, including mortgage rates. According to Freddie Mac , the average rate on a 30-year fixed-rate mortgage dipped to 6.89% for the week ending January 30th. This is a welcome decrease from the previous week's 6.95%.

Mortgages