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Mortgage rates might soar even higher

Housing Wire

“Now the Fed has signaled that it will hike rates several more times this year and next year, so mortgage rates have plenty of room to go up even more.”. We do not see new construction returning in a meaningful way any time soon. Kurt Carlton, President of New Western. Existing home sales are down 19.9%

Mortgages 411
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Housing Market Predictions for the Next 2 Years

Marco Santarelli

Soaring home prices fueled by historically low mortgage rates created a frenzy of buyer activity. Rising interest rates have cooled buyer enthusiasm, leading to slower sales and questions about the future. Regional Variations: Similar to home prices , the availability of homes for sale will likely vary by region.

Marketing 105
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Renting vs Buying in Austin, TX: Which is Right for You?

Redfin

If you’re looking to buy a home in Austin , the current median sale price for a home is $468,000 as of July. According to a new Redfin study, the average rent price in Austin is $2,951, while the estimated median monthly mortgage cost is $3,801. Do you want a new construction home or an older property with character?

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NYC Real Estate Market 2020 Overview

Marco Santarelli

Let us first find out the latest news about the housing market of New York City, which has been the epicenter of this pandemic. Our main focus would be on the last month's housing prices and sales statistics in NYC. The median sales price in the NYC hit $718,000 in June for the highest figure year-to-date.

Marketing 142