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Mortgage Rates Drop to Lowest Point in 4 Months

Mortgage Rates Drop to Lowest Point in 4 Months

by Third Party | Jan 23, 2023 | Mortgage Information, News/Current Events, Real Estate Agent Tools

Source: U.S. News —  The average 30-year fixed mortgage rate fell to 6.46% this week, the lowest it’s been since September 2022. Mortgage rates declined across the board this week, with the average fixed rate on a 30-year mortgage falling to 6.46%. This is...
Home Sale Prices Increase Incrementally with Lower Mortgage Rates, Redfin Reports

Home Sale Prices Increase Incrementally with Lower Mortgage Rates, Redfin Reports

by Third Party | Jan 23, 2023 | Industry Updates, U.S. Housing Market

Source: Mortgage Orb —  The median U.S. home-sale price increased 0.9% from a year ago to $350,250 during the four weeks ending January 15, the biggest increase in a month, according to a new report from Redfin. Prices remain elevated because buyer activity has...
U.S. home sales drop to 12-year low; price growth cools

U.S. home sales drop to 12-year low; price growth cools

by Third Party | Jan 23, 2023 | Real Estate News, U.S. Housing Market

Source: Investing.com —  WASHINGTON (Reuters) – U.S. existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious hope that the embattled housing market could be close to finding a floor. The report from the...
Housing Market Predictions for the Next 5 Years Promise Lots of Surprises

Housing Market Predictions for the Next 5 Years Promise Lots of Surprises

by Third Party | Jan 23, 2023 | Real Estate News, U.S. Housing Market

Source: US News —  Over the next five years, look for several important trends accelerated by the COVID-19 pandemic to begin having lasting impacts on real estate and land use, many of which will impact the demand and supply in regional housing markets. Whether...
Crimean real estate no longer of interest to buyers

Crimean real estate no longer of interest to buyers

by Third Party | Jan 23, 2023 | International Real Estate News, News/Current Events

Source: Yahoo! —  According to the Restate platform, apartments are sold for an average of RUB 169,000 per square meter ($2,300 at the official exchange rate). This is still more expensive than apartments in new business-class buildings in Kyiv, which are...
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