Spring Homebuying Season Hit by Fourth Consecutive Mortgage Rate Hike Hey there, homebuyers and real estate enthusiasts! It seems like the spring homebuying season is off to a challenging start with the recent surge in mortgage rates. According to Freddie Mac, the average rate for a 30-year mortgage has climbed...
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New Condo Boom in Florida
Florida's condo market is booming, as developer Ian Bruce Eichner anticipates the most substantial impact on waterfront real estate in decades. The focus is on the termination of Florida's initial generation of condominiums, aging structures now hitting the 50 to 60-year mark, situated in prime waterfront locations. Eichner, CEO of...
U.S. Foreclosures Rise 21 Months in a Row
US Foreclosures Rise 21 Months in a Row In Tampa, Florida, the 30-year fixed mortgage rate recently saw a slight increase after weeks of stability, reigniting concerns about housing affordability in the U.S., especially amid inflation and factors like inventory, costs, and equity. ATTOM's real estate analysis revealed a persistent...
U.S. Foreclosure Activity on the Rise
U.S. Foreclosure Activity on the Rise In a report released on October 12, 2023, ATTOM, a leading real estate data curator, revealed a surge in foreclosure activity in the U.S. during Q3 2023. A total of 124,539 U.S. properties had foreclosure filings, representing a 28% increase from the previous quarter...
Las tasas de interés alcanzaron el nivel más alto en casi 23 años
Las tasas de interés alcanzaron el nivel más alto en casi 23 años En noticias recientes, la tasa de interés promedio del contrato para las hipotecas de tasa fija a 30 años, que se adaptan a los saldos de préstamos conformes de $ 726,200 o menos, ha experimentado un aumento...
Interest rates hit the highest level in nearly 23 years
Interest rates hit the highest level in nearly 23 years In recent news, the average contract interest rate for 30-year fixed-rate mortgages, which are tailored for conforming loan balances of $726,200 or less, has seen a notable increase. Last week, these rates rose from 7.31% to 7.41%, marking a significant...
Navigating Housing Challenges in Florida
Navigating Housing Challenges in Florida: High Mortgage Rates, Low Inventory, and Affordability Mortgage rates have surged to their highest levels in two decades, while housing inventory has hit an all-time low in the United States, resulting in a challenging environment for potential homebuyers. Daryl Fairweather, the Chief Economist at Redfin,...
US Mortgage Rates Rise for Third Consecutive Week
US Mortgage Rates Rise for Third Consecutive Week, Hover Just Below 7% In the week ending August 10, US mortgage rates experienced their third consecutive weekly increase, reaching an average of 6.96%. This marks a slight jump from the previous week's average of 6.90%, according to data from Freddie Mac....
Tips for Pricing Your Cape Coral Home to Sell Quickly
Here are some Tips for Pricing Your Cape Coral Home to Sell Quickly that will help you to determine the optimal price for a quick sale: Research your local Cape Coral market conditions: Start by researching the current housing market in your area. Look at similar homes that have recently...
Tips for Pricing Your Pembroke Pines Home to Sell Quickly
Here are some Tips for Pricing Your Pembroke Pines Home to Sell Quickly that will help you to determine the optimal price for a quick sale: Research your local Pembroke Pines market conditions: Start by researching the current housing market in your area. Look at similar homes that have recently...
