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Why industry experts don’t expect mortgage rates to fall

Housing Wire

Despite new language in the Federal Open Market Committee statement that suggested a potential slowdown in curbing inflation, Federal Reserve Chairman Jerome Powell maintained a hawkish tone on raising the federal funds rates during Wednesday’s press conference.

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The Real Estate Standoff: Existing Home Sales are Up, Despite Reluctant Sellers

Broke Agent Media

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.

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NAR Reports Existing Home Sales Are Down, But Steve Harney Remains Optimistic About Opportunities

Broke Agent Media

Seventy-three percent of existing homes sold in April spend less than a month on the market. Tune in to the Hot Sheet Monday through Friday to get your daily dose of reliable, up-to-date information on the market. For industry news, edutainment, and humor, sign up for the best newsletter on the planet for real estate agents.

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What’s Happening to Your Home Equity in a Cooling Housing Market?

HomeLight

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.

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

Realty Biz

“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%. months in April and 2.5

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

The Close

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. Days on market (DOM). Fixed-rate mortgage.

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Orlando Real Estate Market & Investment Overview 2020

Marco Santarelli

The industry is adapting to the current environment by conducting business using technologies such as virtual showings and e-signing to help buyers and sellers with their housing needs in the face of these challenges. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%.

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