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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. 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.

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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%. in May 2021.

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

The Close

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).

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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%.

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Las Vegas Real Estate Market 2020 Overview

Marco Santarelli

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%. The number of mortgage delinquencies in Nevada had reached its lowest point in years. Las Vegas Realtors reported that short sales and foreclosures combined accounted for 2.7%

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Phoenix Real Estate Market & Investment Overview 2020

Marco Santarelli

The average sales price is up +14.6% The median sales price is up +12.5% 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? year-over-year.

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