Category: HOUSING MARKET UPDATE
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Unlocking Home Savings: How Lower Mortgage Rates Benefit Buyers
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In the world of real estate, the spotlight is on the fluctuating dance of mortgage rates. After reaching highs not seen in over two decades in late October, the good news is they are finally on a downward trend, marking a significant shift for potential homebuyers. So, how does this translate into real savings for…
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2024 Spring Boost In The Housing Market: Biggest Jump In 3 Years
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Key Points: Impact on the Spring Home Shopping Season: Mortgage Rates and Seller Decisions: Home Prices and Market Dynamics: Challenges and Considerations: Buyer Activity and Market Dynamics: Final Thoughts: The housing market is experiencing positive shifts, with increased listings and buyer activity. While sellers are taking advantage of perceived mortgage rate stability, challenges in supply…
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Real Estate Update 12/2023: Homebuyers Pause as Interest Rates Rise
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Key Points: Mortgage demand is facing challenges as interest rates make a comeback, affecting especially those looking to buy homes. What Happened: Why the Pause: What’s Behind the Rates: In conclusion, the real estate market is seeing a slowdown in homebuyer activity as interest rates tick up. Mortgage applications for refinancing are on the rise,…
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Good News For Home Affordability In December 2023
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Key Points: In December 2023, the U.S. saw positive changes in housing affordability, according to the National Association of Realtors (NAR). Monthly Improvements: Regional Differences: Yearly Changes: Job Market and Mortgage Rates: Final Thoughts: December brought good news for homebuyers, with improvements in affordability at the national level. While challenges persist, the positive trends in…