Tag Archives: interest rates

Mortgage rates soar, home sales plummet for the 7th month and suddenly here are the new listings

But that still doesn’t reflect the recent spike in mortgage rates to 4.5%. By Wolf Richter for WOLF STREET. OK, the “existing home sales” data released today by the National Association of Realtors was for February, and in February average mortgage rates were much lower than today. In mid-February, the average 30-year conforming fixed mortgage […]

Minnesota home sales decline in February amid inventory reduction

article Dwindling inventory and rising prices pushed Minnesota closed-home sales down 12.9% from the previous February. (FOX 9) – Dwindling inventory and rising prices pushed Minnesota closed-home sales down 12.9% from the previous February. According to Minnesota Realtors, a membership organization supporting the state’s 22,000 real estate agents, new listings were down 8.5% from a […]

Turnaround Financing: Your Guide to the Best Options | door-to-door sales

Photo by Jessica Furtney on Unsplash Flipping houses can be a lucrative business, but it can also be expensive. This is due to the initial investment required to get started and the various costs associated with renovating and repairing a property. However, if you decide to flip houses for a living, the very first thing […]

Home Buying Mistakes That Could Cost You | door-to-door sales

Photo by Sieuwert Otterloo on Unsplash The concept of the “American Dream” has evolved as the needs and desires of citizens have evolved. Although everyone has a different idea of ​​what a successful life looks like, buying a home is always high on the list. Owning property is more than a status symbol; it has […]

Federal National Mortgage Association: Consumption and existing home sales improved in January, but headwinds for the economy and housing have intensified since then

Key points to remember: Gross Domestic Product (GDP), adjusted for inflation, rose at a seasonally adjusted annualized rate (SAR) of 7.0% in the fourth quarter of 2021, according to the second estimate from the Bureau of Economic Analysis (BEA), an increase of one tenth from the preliminary […]

Researchers: the internal market “close to the peak”

House prices, inflation and rising interest rates will soon create an equilibrium in the housing market, according to the FAU researchers, although prices will remain high. JACKSONVILLE, Fla. — The booming Jacksonville-area real estate market has left home prices a bit inflated, according to two academics warning that slumps for home sellers across the state […]

Oakland Co. home sales continue to smash records, despite seasonal decline – The Oakland Press

According to the report you read, January residential home sales in Oakland County slowed 8.8% for closed and pending sales according to RealComp, or 13.4% according to South Re/MAX -eastern Michigan. The differences, said Jeanette Schneider, president of Troy-based RE/MAX in southeastern Michigan, depend on the day the numbers are counted for each report’s month, […]

The budget misses the long-term demands of the real estate sector; Rebound in home sales: Niranjan Hiranandani

While the budget focuses on promoting infrastructure and affordable housing, the middle class has been left behind, says Niranjan Hiranandani, co-founder and managing director of the Hiranandani Group and vice president of NAREDCO. In an interview with B. businessLine, The 71-year-old Indian billionaire pointed out that institutional investors’ interest in real estate, especially new asset […]

In the Hot Hamptons real estate market, “Look at the margins” for opportunities

The Hamptons have been booming since the early days of the Covid-19 pandemic, as wealthy buyers fled New York for spacious private homes on the eastern tip of Long Island. Usually a popular place to spend the summer, the beachfront enclave has become a year-round destination, and demand for Hamptons real estate shows no signs […]

Second Home Rate Locks Are On The Rise – NMP

In the first quarter of 2021, the percentage of second home mortgage rate locks hit an all-time high, with the second home share reaching 5.7%. Subsequently, the percentage of second homes locked fell to 4.6% in the second quarter and 4.5% in the third quarter. But the share of second home transactions rebounded in the […]

New home sales rose 12% in December

Sales of new homes rose 12% last month, according to data released Wednesday by the Census Bureau and the Department of Housing and Urban Development, but fell sharply from December 2020 levels. The seasonally adjusted annualized rate of new homes sold rose to 811,000 in December from a downwardly revised rate of 725,000 in November. […]

2021 has been a ‘fantastic year’ for home sales despite low inventory and high prices: RE/MAX

The housing market in 2021 was the busiest ever, according to a new RE/MAX report, with a record number of homes being sold at a blistering pace. (iStock) According to RE/MAX’s latest National Housing Report, the past year has presented significant headwinds for homebuyers between record home prices and record housing inventory. But motivated buyers […]

Luxury home sales jump in 2021

Overall, 18 of 19 markets saw impressive sales increases, with the biggest increases in smaller urban markets like Barrie, London, Kitchener-Waterloo and Hamilton — all in Ontario — where sales of homes priced exceeds $1 million soared approximately 518%, 255%, 208%, and 200%, respectively. Canada’s largest markets for luxury homes — Metro Vancouver and the […]

Home sales in Canada set a new record in 2021, surpassing the previous record by 20%: ACI – National

The Canadian Real Estate Association says annual home sales hit a new high in 2021, eclipsing the previous record set in 2020 by about 20%. The association said Monday that about 667,000 residential properties changed hands in 2021, about 30% more than the 10-year average. However, home sales in December were little changed from November […]

Home prices in Australia hit record high in 2021 amid 40% rise in home sales

Australian home prices suffered a bumper in 2021 as lower interest rates pushed values ​​higher, with values ​​in Sydney alone rising on average by $ 4,200 each week. Figures from real estate consultant CoreLogic released on Tuesday showed some heat exiting the market as national home prices rose 1.0% in December, down from 1.3% in […]

Record year for home sales | Local news

Home sales in the Golden Islands continued to hit new highs in 2021 in what continues to be a seller’s market. Home prices have increased 17% in the past year, with the median home price rising to $ 310,000, according to the Georgia Association of Realtors. The increase is due to a 5% drop in […]

New York home sales could slow in 2022

Bess Freedman, CEO of Brown Harris Stevens (Brown Harris Stevens, iStock) After 2021 marked a banner year for housing markets in Manhattan and Brooklyn, New York home sales could slow in 2022, BHS CEO Bess Freedman said. Freedman told Bloomberg TV’s Surveillance that rising interest rates and housing supply issues could spur the city’s change […]

Hot luxury real estate market in Dayton in 2021

“With interest rates low, people who used to pay cash for million dollar homes are now jumping at the chance to take out a low interest loan and keep their money in the market,” Albrecht said. “It also doesn’t hurt that these buyers are usually heavily invested in the stock market and that has been […]

New home sales increase in the United States in November

Numbers: New home sales in the United States jumped 12.4% to a seasonally adjusted annual rate of 744,000 in November, from 662,000 revised the previous month, the government reported Thursday. The revised October sales total was the lowest since the worst pandemic period in April 2020. Despite the jump, the pace of sales was lower […]

Luxury home sales hit record year

Rupert Murdoch recently spent $200 million on a 340,000 acre ranch. (Getty) The US luxury housing market has boomed this year like never before, with at least 40 homes selling for at least $50 million. Sales of homes worth at least $50 million are up 35% year over year, according to data from expert Miller […]

The second home market is attracting everyone’s interest

From end-users to potential investors, second home market appeals to everyone, says Anurag Mathur From end-users to potential investors, second home market appeals to everyone, says Anurag Mathur The pandemic and subsequent shifts in work patterns have led many people to re-evaluate their lifestyle choices and investments. The combination of remote working becoming the new […]

15 cities with the most home sales per capita

sirtravelalot / Shutterstock.com Editor’s Note: This story originally appeared on Porch. Unusually high demand in the real estate market has been a constant fact throughout the COVID-19 pandemic. While real estate sales – like most aspects of the economy – came to a halt in March and April 2020, buyers have since bought homes quickly, […]

Spanish market records highest home sales since 2008 ‘credit crunch’

A trend that seems to continue as long as their prices increase with inflation, explain the experts. Of course, with the uncertainty of how the new housing law will affect the market, which includes price control mechanisms, penalties for empty apartments, rent cuts for large landlords in new contracts and surcharges for second homes. Among […]

Housing Snapshot: 2022 Will See Continued Increase In Home Sales And Prices, Report Says

kali9 / Getty Images Anyone looking for a new home should have a better chance of finding one in the next year, as the supply of new homes approaches demand, but you can still expect historically high prices to drop. everywhere, according to a new report from Realtor. com. See: Buying A Home Is Crazy […]

US home sales could hit their highest level since 2006

Image source: Getty Images Despite the high prices, home buyers are not backing down. Key points Existing home sales rose 0.8% in October from September. They are now on track to reach their highest level in 15 years. Home sales often peak in the spring and summer, then begin to decline as the year draws […]

Greater Fort Lauderdale area breaks annual home sales record in 2021

E-mail Sign up for our free weekly newsletter Broward County in Florida broke its record for the most annual home sales in just 10 months, as total sales for October 2021 pushed the market to the bottom, according to new data from the Miami Association of Realtors. above the old standard. Total Broward County home […]

Cities with the most home sales per capita

Photo credit: Konstantin L / Shutterstock Unusually high demand in the real estate market has been a constant fact throughout the COVID-19 pandemic. While real estate sales, like most aspects of the economy, came to a halt in March and April 2020, buyers have since bought homes quickly, often offering to pay above asking prices […]

As inflation rises, home sales are expected to decline over the next 2 years

Inflation is heating up and could accelerate further, but the impact on mortgage rates is expected to be modest thanks to the Federal Reserve’s clear roadmap on its plans to withdraw support from mortgage markets in the coming months. It is according to the latest economic and real estate forecasts from economists at mortgage giant […]

The off-season mortgage rebound could bode well for home sales in the fall

The rebound in mortgage rates did not deter buyers last week, with demand for purchase loans increasing for the second week in a row. A weekly survey by the Mortgage Bankers Association found that requests for purchase loans increased week-over-week by 2 percent seasonally. Even though home purchase loan applications were down 6% from a […]

How New Home Sales Compare to Existing Home Sales

NASHVILLE, Tenn. (WKRN) – For many, the days of finding an affordable home are rare, especially when that home is brand new. New data shows that most Americans can’t afford new home construction, and that same report highlights that Nashville residents are struggling to buy a home — period. A look at Bankers Alley revitalization […]

“A Buyer’s Market”: Home Sales Up 57% in Level 1 Cities in India

NEW DELHI: Home sales in Tier 1 cities of Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), National Capital Region (NCR) and Pune jumped 57% , according to a report by Liases Foras Real Estate Rating & Research shown. The top eight real estate markets sold 66,548 units in the September quarter (Q2 FY […]

Population growth and record home sales allow Wilmette officials to rejoice in the village’s financial situation

“It is the most solid financial position the village has ever been in.” Delivered with confidence and optimism, Wilmette Village Manager Mike Braiman’s statement capped a flowery budget outline presented to village council on October 12. Braiman said the circumstances include vast reserves and a growing community that in 2021 hosted a record total of […]

No more “slow season” as home sales post the highest numbers since January 2020

FatCamera / iStock.com Seasonality plays an essential role in the housing market, as it has a significant impact on the supply of and demand for housing. Transactions and prices tend to be above trend in summer, while activity slows down in winter. This year, however, the housing market still looks exceptionally strong in what is […]

Home sales rebound, as prices continue to climb

Tight home inventory, which improved earlier in the year, worsened again in September and prices continued to climb, according to a report by the National Association of Realtors. September saw a 7% monthly increase in existing home sales, which include single-family homes, townhouses, condominiums and co-ops. But sales are down 2.3% from a year ago, […]

Home sales set to close 2021 with surprising strength

Homebuyers have yet to falter in the face of relentlessly rising home prices, leading economists at Fannie Mae to “significantly improve” their forecast for existing home sales in the last half of the year. year. While housing demand remains strong, there are no signs of relief on the supply side, and listing shortages are expected […]

Record home sales up 272% in Hyderabad: Knight Frank report

Hyderabad: Post Unlock 2.0, Hyderabad’s real estate market is on the road to recovery. The city reported a 272% increase in home sales, while a 650% growth in new launches in the third quarter (July – September 2021), according to Knight Frank’s quarterly report. Approximately 5,987 units were sold and 9,256 new units were launched […]

Penang’s domestic market to rebound in 2022: Juwai IQI

PETALING JAYA: Penang’s real estate market will recover in 2022, according to a new analysis released today by real estate technology group Juwai IQI. Juwai IQI co-founder and CEO Kashif Ansari said in 2022 that he expects residential real estate in Penang to rebound faster than in any other part of Malaysia except Johor. “By […]

Sustained rise in mortgage rates could reduce home sales

Mortgage rates have rebounded to levels not seen since July following signals from the Federal Reserve last week that it may start cutting its purchases of long-term mortgages and Treasury bonds later this year. The Fed’s debt purchases have helped keep long-term interest rates low. But that’s not all that can scare investors off buying […]

Falling sales of existing homes due to high prices

High home prices may finally drive buyers away. There’s a reason many potential buyers have struggled to purchase a home this year. Limited inventory and low mortgage rates fueled increased demand from buyers. This, in turn, has driven home prices up to the point that many buyers simply cannot afford them. In August, the median […]

Record home sales don’t stop

LIMA – Pam Daley-Jennings answered the question before it was asked. “No. Never. I’ve been doing this for 35 years and I’ve never seen a home sell like they’ve been in recent years,” said the owner of First Lima Title Agency. “We wonder how many houses are still for sale. So just today (Friday) I […]

New home sales increase for second consecutive month

Sales of new single-family homes in August were up 1.5% from the previous month, to a seasonally adjusted annual rate of 740,000, according to a report of US Department of Commerce released on Friday. This is the second consecutive month of rising sales for homebuilders, although there is good reason to believe that the height […]

US home sales have slowed, but prices remain ridiculous

Home sales fell in August, both from July and from a year ago, breaking two straight months of increases, according to the National Association of Realtors. Home purchases have increased over the past year, which NAR chief economist Lawrence Yun says is an anomaly. The pent-up demand from potential buyers that built up during closures […]

Existing home sales decline as buyers wait for better prices and more options

The Numbers: Existing Home Sales Plummeted 2% Sales of existing homes fell in August, with inventory and prices remaining a major concern for potential buyers. Existing home sales fell 2% to a seasonally adjusted annual rate of 5.88 million in August, according to the National Association of Realtors. said wednesday. Compared with August 2020, home […]

Door-to-door sales will calm down for the remainder of this year and next: Fannie Mae

Existing home sales were stronger than expected in July, but forecasters at Fannie Mae expect buyer demand to cool for the rest of the year and into the next year, citing the lack of homes. to sell as the main obstacle to sustained growth. In their latest monthly forecastFannie Mae economists now forecast home sales […]

The outlook for the luxury home market in Thailand remains bright

While most of the world’s markets are affected by the Covid-19 pandemic, in Bangkok homes priced at 10 million baht (RM 1.29 million) and above still look promising in the second half of 2021 (2H2021 ), according to Knight Frank’s “Bangkok Luxury House Report Market Overview 1h 2021”. The report says this is because the […]

Manhattan’s luxury home market on track for record year

Manhattan is set to record one of the strongest years on record in its high-end real estate market despite lingering complications from the coronavirus pandemic, according to a report released Monday by Olshan Realty. The success stands in stark contrast to 2020, which marked the borough’s worst performing luxury sector in a decade. More than […]

NAFCU expects home sales to remain stable

Source: Shutterstock. NAFCU chief economist Curt Long said Monday he expects existing home sales to remain stable this year, mostly limited by supply. His comments came after the National Association of Realtors (NAR) reported that existing home sales rose 2% from June through July to a seasonally adjusted annual rate of 5.99 million homes. “Sales […]

How Capital Gains Taxes Affect Home Sales and How to Avoid Them

Homeowners in the Greater Phoenix have seen their property value rise rapidly over the past two years. S&P CoreLogic Case-Shiller Index data shows that in May 2021, Phoenix saw a 25.9% year-over-year increase in house prices, leading the country for the 24th.e consecutive month. The impressive growth has led some to sell and capture the […]

D-FW’s domestic market has a cold summer

After more than a year of huge gains in home buying, the Dallas-Fort Worth area is experiencing one of the biggest downturns in residential activity. The D-FW area ranked second in the nation for year-over-year home sales decline in July, according to a new report from Re/Max, one of the largest sales companies residential in […]

Palm Beach Area Luxury Home Sales Spike 213 percent in mid-2021

E-mail Sign up for our free weekly newsletter Cash sales represented 52.3% of all transactions closed in Palm Beach in Q2 The Miami Real Estate Association reports that Palm Beach County continued its upward trend in total home sales in the second quarter of 2021 as pent-up demand as more US individuals and businesses relocate […]

RSAR Releases July 2021 Existing Home Sales Report

The Reno / Sparks Association of REALTORS® (RSAR) today released its July 2021 report on existing home sales in Reno / Sparks and Fernley, including the median sale price and number of home sales in the region. region. RSAR obtains its information from the Northern Nevada Regional Multiple Listing Service. During the month of July, […]

Pending home sales fell in June, meaning the housing market could cool

Image source: Getty Images A drop in sales could actually be good news for buyers. There have been a ton of inquiries to buy a new home as mortgage rates have hovered near record highs for most of the year. But in June, pending home sales fell 1.9% from May, according to the National Association […]

Why Charlotte’s Indoor Market looks like a million dollars – WSOC TV

CHARLOTTE, NC – Frenzied demand for housing in the Charlotte area is redefining the million dollar market here. More than 200 homes sold with a price of at least $ 1 million in June, more than double the number seen last year and in 2019, according to Canopy Realtor Association. “A million dollars is what […]

Hot and Scorching Summer Home Market »RealtyBizNews: Real Estate News

This is not the first time the United States has experienced a strong sales market. What makes it different this time is that the market is extraordinarily strong in all parts of the country. Typically, intense markets are found on the coasts, but this time it’s almost everywhere, with the national average listing price hitting […]

Wealthy investors disrupt the residential real estate market

Owning a primary residence is the greatest source of wealth for middle-class Americans, and has been for a long time. A whole set of public policies – from tax breaks on mortgage payments to local zoning that favors single-family homes over apartment buildings – has been built around encouraging homeownership. This is why the recent […]

California exodus fueling San Antonio’s hot domestic market?

More and more visitors to the open houses he organized said they were from California, said Greg Foster. The longtime San Antonio real estate agent saw an opportunity. “So you are considering moving to San Antonio, Texas. Well this channel here is just for you, ”he said in a Youtube video, cutting to a quick […]

The ABQ market is still hot, but more and more homes are for sale

Carpenters work on a new house under construction in the Mesa del Sol housing estate. April 22. (Jim Thompson / Albuquerque Journal) Home prices in Albuquerque continued their meteoric rise in April, but a slight increase in new listings may be a source of optimism for potential buyers. The median selling price of a detached […]

Dubai’s luxury real estate market skyrockets as world’s rich flee coronavirus

After nearly three decades in London, Christophe Reech was fed up with the city’s pandemic blockages. This spring, he sold his luxurious townhouse and flew to the Sheikh of the Dubai Desert to start a new life with his family. There was no turning back, he said. The French business mogul’s super-rich foreign friends were […]

City leaders view hot home market and global access – Merced County Times

Housing availability and affordability dominated discussions for hours on Monday night as Merced City Council received updates on the local real estate market and listened to many residents push for a new inclusive zoning policy ( IZ). Loren Gonella, longtime real estate agent and analyst for Coldwell Banker Commercial Gonella Realty, provided market information to […]

Overheating of the domestic market? Low Inventory, High Home Auction | Local news

A sizzling housing market with many more interested buyers than sellers sets off a bidding war on many homes. “Inventories are low and demand is high. We find several offers on a lot of properties, and they go well above asking price, sometimes $ 10,000, $ 15,000, $ 20,000 above, ”said Jen True of True […]

The Houston New Home Market: Riding the Tailwinds Despite the Headwinds

Adobe Stock / duydophotography “Houston we have a problem.” As a native Houstonian, I back down whenever I hear that famous phrase spoken or referenced by reporters, journalists, or writers. It’s even now the refrain of a popular country music song. This hackneyed saying is effortlessly out of the tongue and has been applied to […]

30 offers on a house? DFW’s domestic market is out of whack, experts say

It’s a tough time to be a potential Dallas-Fort Worth buyer. It’s a tough time to be a potential buyer in Dallas-Fort Worth, as well as most of Texas and much of the United States. Growing demand for new and existing homes and historically low interest rates are causing homes to fly off the market. […]