Mortgage Rates Hit Record Lows for Three Consecutive Weeks
Mortgage Rates Hit Record Lows for Three Consecutive Weeks Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph...
Co-owner of Beckham’s Inter Miami soccer club buys Miami B...
Co-owner of Beckham’s Inter Miami soccer club buys Miami Beach home for $11.1 million Marcelo Claure, the co-owner and president of David Beckham’s Inter Miami Major League Soccer franchise, has plunked down $11.1 million for a waterfront estate at 5212 N. Bay Road in Miami Beach. The home will be torn...
Builders & Realtors Agree: Real Estate Is Back
Builders & Realtors Agree: Real Estate Is Back When shelter-in-place orders brought the economy to a screeching halt earlier this year, many believed the residential housing market would follow suit. Countless analysts predicted buyer demand would disappear and home values would depreciate for the first time in almost a decade. That,...
Three of the Latest Reports Show Housing Market Is Strong
The residential real estate market is remaining resilient as the country still struggles to beat the COVID-19 pandemic. Three separate reports recently revealed how the housing market is still showing growth. Here’s a look at each one. 1. Ivy Zelman’s Real Estate Broker Survey The survey explains that purchaser demand remains strong: “This month’s...
Sellers Are Returning to the Housing Market
In today’s housing market, it can be a big challenge for buyers to find homes to purchase, as the number of houses for sale is far below the current demand. Now, however, we’re seeing sellers slowly starting to come back into the market, a bright spark for potential buyers. Javier Vivas, Director of...
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