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%. in May 2021.

Sales 78

Sales Short sale Mortgages Fixed-rate mortgage 78

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 126

Marketing Investor Sales As-is 126

Marco Santarelli

SEPTEMBER 5, 2020

Single-family homes continue to drive the Arizona real estate market. Particularly, previously-owned single-family houses compromise the majority of residential sales in the Arizona real estate market- approximately 80% of all sales. Impact of Covid-19 on The Phoenix Housing Market. Short sales dropped -38.1%

Marketing 135

Marketing Purchase and sale agreement Investor Sales 135

Marco Santarelli

AUGUST 27, 2020

With 2020 being, theoretically, in the middle of a boom, there are still 4 years for residential construction to surge. The percent of Las Vegas homeowners underwater on their mortgage is 7.2%, which is higher than Las Vegas-Henderson-Paradise Metro at 7.1%. of all existing local property sales in January 2020.

Marketing 128

Marketing Purchase and sale agreement Investor Sales 128

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 97

Purchase and sale agreement Title Proof of funds Pre-approval 97