real estate trends

Pending Homes Picking up Steam

 

In October, pending home sales have picked up steam, showing a 3.5 percent increase in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI), which posted 109.3 in October, an improvement from 105.6 in September, based on contract [...]

Inventory Relief is Forecasted for 2018

 

It’s no secret to brokers that the housing market has seen some short supply. The National Association of REALTORS® (NAR) recently reported a down of 10.4% from last year in the national inventory for pre-owned properties, but according to realtor.com® 2018 National Housing Forecast, groundbreaking is projected to increase to up to 3 [...]

Mortgage Rates Starting to Lower

 

This week has seen a decrease in mortgage rates with the 30-year, fixed rate averaging 3.0%, down .02% from last week, according to the Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac. The 15-year, fixed rate is down from 3.32% to 3.30% as [...]

High Demand for Luxury Homes

According to CNBC, there has been a supply shortage of luxury homes in the US for the past two years. There was a 4.9 percent increase in values of the top 5 percent of homes sold in the third quarter of the year, according to Redfin, that stated the average of these homes was $1.71 million.

Cryptocurrency Transactions Rising in Popularity in Real Estate Market

The real estate market is not immune to the increasing popularity of cryptocurrency transactions. As popular cryptocurrencies like Bitcoin grow in value and the benefits of a secure, coded block-chain transaction gain prevalence, the real estate market is becoming slowly intertwined with the possibility of cryptocurrency-based sales and [...]

Home Prices on a Steep and Steady Rise

Home prices across the country have risen by a total of 6.9% as of April of last year, and an additional 1.2% when compared to last month, according to CoreLogic’s Home Price Index ...

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