Market Updates
It's National Homeownership MonthEven though National Homeownership Month has already begun, you have plenty of time to spread the good news.Your mission: describe the unique benefits of owning one's home, including becoming part of a lasting community, building...
Market Updates
Inventory Increases, Sales SlideThe ever-unpredictable real estate market tossed agents another curve ball last month.Existing home sales fell 3.4% in April from March, with sales over 23% lower year-over-year. However, there was a slight, 1% increase in the inventory...
Market Updates
Mortgage Demand Surges After Fed Suggests Rate Hike PauseAfter 14 months of Federal Reserve rate hikes, chairman Jerome Powell hinted at a potential end to the inflation cooling strategy.This had a positive effect on mortgage rates. They fell slightly in the first...
Market Updates
Renters Take Opposing Views on Home OwnershipConsidering that renters are still priced out of the market in some areas, many of them are feeling hopeless about their prospects.While 51% of them consider home ownership an extremely important financial goal, many are...
Market Updates
Home Purchases, Mortgage Applications on The RiseDuring the last week of April, the average interest rate for 30-year fixed-rate conforming loans increased to 6.55% from 6.43%.However, loan applications rose 5% during the same week. The recent softening in house...
Market Updates
Home Sales Head SouthSales of existing homes fell 2.4% in March as more buyers wait for lower mortgage rates.This was after home sales increased in February 2023, which was the first increase in a year. Sales fell in the West, Midwest and Southern regions, but were...
Market Updates
Do You Always Speak Your Clients' Language?Have you ever read through a doctor's notes after a visit, or listened to your dentist dictate the state of your teeth to an assistant during a checkup? Chances are you didn't know what on earth they were talking about.If...
Market Updates
Direct Successful Video MeetingsSales that involve long-distance transactions have increased, so more agents are arranging video meetings with buyers, sellers and other involved parties. Common topics include contingencies, pricing, and closing and move-in dates. It's...
Market Updates
Home Prices Rise in the Midwest, FloridaUnexpectedly strong home sales at the start of this year reversed a sharp decline in home prices. Unpredictable mortgage rates are a main factor, cooling off from last fall's 7% and higher rates.Home prices nationally rose 0.16%...
Market Updates
March Mortgage Rates Head SouthWhile volatility within the banking sector rattled some nerves, there was a silver lining for home buyers: lower mortgage interest rates.According to Freddie Mac, rates for 30-year, fixed-rate mortgages fell from 6.73% to 6.6% during the...
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