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What kind of house can you buy for $250,000 or less in Florida? The range may surprise you
Source: Florida Trend --- A low inventory of homes for sale and low interest rates are fueling a fast-paced, red-hot housing market throughout Florida. Homes are lasting just days before a single offer beats out the rest. Sometimes, sellers don’t even have to list...
7 in 10 Home Buyers Still Face Bidding Wars in U.S.
Source: The World Property Journal --- National property broker Redfin is reporting that in May 2021 over 70% of home offers written by Redfin agents faced competition, down from a revised rate of 73.6% in April 2021. That's still up significantly from 52.7% in May...
Existing home sales fall again despite gain in for-sale inventory
Source: MPA --- Existing-home sales, weighed down by rising prices and low inventory, fell for the fourth consecutive month in May. According to the National Association of Realtors, total existing-home sales were down 0.9% to an annual pace of 5.80 million – the...
Homepoint unveils new service model for brokers
Source: MPA --- With refinances drying up, brokers are shifting their focus to capturing the booming purchase market. Homepoint – the nation’s third-largest wholesale lender – has launched Homepoint Amplify, a new service model that aims to help brokers do just that....
Despite COVID Challenges, France’s Luxury Markets Remain Resilient in 2021
Source: The World Property Journal --- According to international property consultant Knight Frank, despite three national lockdowns, a delayed vaccine program, closed borders and with residential sales halted for several weeks in the second quarter of 2020, France's...
Fed Officials Debate Scaling Back Mortgage-Bond Purchases at Faster Clip
Source: The Wall Street Journal --- As Federal Reserve officials discuss how to eventually scale back their easy-money policies, they are debating whether to start by reducing purchases of mortgage-backed securities to avoid adding more fuel to the housing boom. The...
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