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Mortgage rates reach their 2023 peak

Housing Wire

Mortgage rates jumped this week as investors grapple with persistent positive economic data and a hawkish Fed. Economic resilience is taking investors aback. Consumer spending keeps growing, as do auto sales, which were expected to soften. “Homebuyers have had to accept the ‘new normal’ of rates around 6.5%

Mortgages 383
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BrightMLS Issues New Study on Off-MLS vs. On-MLS

Notorious ROB

Last year, I wrote something up on BrightMLS’s Off-MLS Study saying that the conclusions of the report were overstated and based on thin and problematic data. In particular, I had issues with the data presented: Simply put, there is a large discrepancy in the median sale price between On-MLS homes and Off-MLS homes.

MLS 88
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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

Unfortunately, we as investors are mere mortals and don’t have infinite time on this earth. Real estate sales by unit. This is because the market is still experiencing a feeding frenzy from buyers and investors looking to cash in on the appreciation from the previous cycle. Preforeclosure and short sales are more common.

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What Will the Real Estate Market Bring in 2024? Market Corrections or Rising Property Prices?

Realty Biz

Only they have access to real estate comps, MLS listings, and local market trends that can help you buy, rent, sell, or invest in residential, commercial, or industrial real estate. Redfin reported that in January 2024, the American median home sale price was approximately $402,000. This average increased by 5.1 Not necessarily.

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Existing home sales fell in June while monthly median sales price spiked

Housing Wire

With elevated mortgage rates sidelining both home buyers and sellers, existing home sales fell in June, according to the latest report from the National Association of Realtors (NAR). Sales were also down significantly from a year prior. Total existing home sales slipped 3.3% Year-over-year, sales dropped 18.9%

Sales 348
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Why an Economic Downturn Represents the Best Time to Invest in Real Estate

The Close

But for value-seeking investors like myself, the scariest time to invest is actually in a good economy, when housing prices are rising at a blistering pace. An economic downturn provides many opportunities that are nearly impossible for the average investor to take advantage of in a good economy. It’s a fair question!

Investor 116
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How to Find Out Who Owns Property in Your Neighborhood (Or Anywhere!)

HomeLight

When it comes to property records , you can find out about a home’s sales history, tax history, liens, easements, zoning information, lot size — all of it. These records include: Property sales. a top agent in New Bedford , Massachusetts, the MLS is his favorite sleuthing tool. “I Visit the recorder’s office. Investments.

MLS 88