Market Conditions

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Fort Lauderdale Greater Fort Lauderdale Real Estate Activity
Home Sellers Opportunity in March’s Numbers
Home Buyers Broward County Statistics for February
Home Buyers January 2023 Market Update
Home Buyers So what’s really happening in real estate these days? The MBS Highway Housing Survey collects the impressions of hundreds of real estate and mortgage professionals throughout the country. These impressions reflect the state of the market through two measures; Buyer Activity and Pricing Pressure. Buyer Activity This measures consumer interactions experienced by real estate agents and mortgage brokers.  The measure ranges from Very Active […]
Home Buyers Good Real Estate News as we Wrap Up 2022
Market Conditions Mortgage Rates Down Again The National Average Mortgage Rate declined for the fifth consecutive week to 6.31%.  This is good news for sellers and buyers of real estate as it reflects some stabilization in the market.
Market Conditions Dramatic Drop in Mortgage Rate The National Average Mortgage rate is 6.33% this week as reported by Freddie Mac.  This is the fourth consecutive week of decline in the rate.  In fact the rate has declined three quarters of a percent in this period, the sharpest decline since 2008.
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Market Conditions Mortgage Rate Declines for third week Mortgage rates continued to decline this week as optimism that the Federal Reserve will slow Fed Rate hikes.  The optimism is based on indications that the actions of the Federal Reserve have started working to control inflation.
Market Conditions Market is Softening with Prices Holding The typical measurements of a slowing market are evident in the October numbers; inventory is up; the number of sales, with prices holding for now.  Time will tell when/how supply and demand forces will influence prices but as of now values are being maintained. The upshot?  Now is still a good time to sell if […]
Market Conditions Broward County Real Estate Market update The statistics for September 2022 have been compiled and no surprise, they document that we’re in a changing market.  While the number of sales is decreasing and the number of homes available for sale (what we call “inventory), the median selling price has been fairly stable, in fact unchanged for three months at its highest […]
Market Conditions National Average Mortgage Rate The rate of increase slowed this week and still under 7%.  Before you take yourself out of the South Florida real estate market due to interest rates, you owe it to yourself to speak to a mortgage professional to discuss your plans and dreams.  If you need a recommendation, reach out to me.
Market Conditions August Statistics The buzz-phrase this month is price deceleration. Get a copy of these slides of your very own at this link: https://bit.ly/BrowardStats8-22
Market Conditions National Average Mortgage Rate The National Average Mortgage Rate is 6.70% this week. Notably, Freddie Mac reports that they are finding “large dispersion in rates” meaning that borrowers should shop around to compare.
Market Conditions National Average Mortgage Rate The National Average Mortgage Rate is 6.29% this week.
Market Conditions Milestone Reached? The national average mortgage rate rose over 6% this week; the highest it’s been since 2008.
Market Conditions National Average Mortgage Rate Freddie Mac suggests shopping around for the best rate which is good advice.  Better advice is to choose a great mortgage lender professional to give. you the service you deserve (along with a great rate).
Market Conditions National Average Mortgage Rate Statements from the Federal Reserve continue to roil markets, including the mortgage market.
Market Conditions National Average Mortgage Rate down a smidgen.
Market Conditions National Average Mortgage Rate this week
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