# Real estate market
Exclusive Insight: Home Sellers Refuse to Budge Despite Record-Low Mortgage Rates
Amid projections of a moderate ease in mortgage rates next year, housing economists anticipate the average rate for a 30-year home loan to hover above 6%. While a decrease in rates might draw in more prospective buyers, it's unlikely to motivate homeowners who secured historically low rates a couple of years ago to sell their properties. This, in turn, is expected to maintain the housing market's tight inventory, even if rates decline.
Tis the Season for Home Shopping: New Listings Sprout Amidst Lower Mortgage Rates
While the echoes of Black Friday deals may be fading, a surprising holiday gift has emerged for prospective homebuyers—lower mortgage rates. In the week ending Nov. 30, 30-year fixed home loan rates averaged 7.22%, a dip from the previous week's 7.29%. This financial reprieve coincides with an unexpected surge in fresh real estate listings, challenging the typical market trends for this time of year.
Surprising Reality for Home Buyers in Today's Real Estate Market
In the midst of a reported 14.1% decline in home sale activity this fall compared to last year, prospective home buyers, especially first-timers, are still grappling with fierce competition and bidding wars in the housing market. Despite the apparent slowdown, multiple-offer situations remain prevalent, particularly for starter and mid-priced homes, as noted by Lawrence Yun, chief economist at the National Association of REALTORS®.
Menifee, CA real estate market update
In this California housing market update I will be covering the October 2023 and November 2023 real estate market for Menifee, California, which is located in Riverside County.
Top Tips for Finding the Perfect California Rental Property
Are you considering moving to California but do not know how to go about finding the perfect rental property? Searching for a rental property can be time-consuming and stressful, but with the right approach and tips, you can find your dream rental property without jumping through hoops. We will explore some essential tips that can help you navigate your way through the process of searching for the ideal rental property in California.
Phoenix Metro Area Real Estate Sees Slower Sales and Dwindling Inventory in Q4 2023
The fourth quarter of 2023 commenced with a sluggish start in the Phoenix housing market, showcasing a 30.6% decline in pending home sales compared to October of the previous year, as per the latest data released by Phoenix REALTORS®. Year-to-date closed sales experienced a notable 17% decrease compared to the same period in the prior year. These numbers align with the seasonal trends typical for this time of year, characterized by a decline in real estate activities leading up to the holiday season.
Spinney Homes Unveils Exclusive Black Friday Real Estate Event
This Black Friday, the excitement extends beyond traditional sales and crowded stores—Spinney Homes is bringing exclusive real estate deals to Augusta, Georgia! Dive into the world of "We Buy Houses" with Spinney Homes, unlocking opportunities in South Augusta, Pinetucky, Martinez, Hephzibah, Grovetown, Fort Gordon, Evans, Country Place, Clear Water, Belvedere, Apple Valley, and the heart of it all, Augusta itself.
Existing Home Sales Plummet to Lowest Levels Since 2010 Amid Mortgage Rate Volatility
In a surprising turn of events for the real estate market, existing home sales in the United States took a significant hit in October 2023, reaching their lowest pace since August 2010. The slump amounted to a 4.1% decline, bringing the monthly sales pace down to 3.79 million homes. On a year-over-year basis, home sales saw a 14.6% drop, marking the smallest decrease in 16 months.
Find Your Perfect Match: Questions To Help You Select The Right Estate Agent
Buying or selling a property is a significant life event that involves complex decisions and substantial financial transactions. Choosing the right estate agents Birmingham can make all the difference in ensuring a smooth and successful real estate journey.
When Should You Not Buy a House
Deciding when not to buy a house is a pivotal aspect of responsible financial planning. While homeownership is a cherished goal for many, there are circumstances when hitting the pause button is the wisest decision.
Surge in October Sales Shakes San Francisco’s Ultra-Luxury Market
In a surprising turn of events, the ultra-luxury market in San Francisco has witnessed a remarkable surge in October sales, in stark contrast to the sluggishness observed in the broader residential sector.
Airbnb Nightmare: Tenant Lives Rent-Free for Over 540 Days in California
In the ongoing rental dispute between Elizabeth Hirschhorn and Sascha Jovanovic in Brentwood, tensions have escalated as Hirschhorn continues to occupy Jovanovic’s guesthouse without paying rent for more than 540 days.
California Court Ruling Favors ‘Mansion Tax’, Signaling a New Era
Los Angeles County Superior Court Judge Barbara Scheper made a significant decision by dismissing a lawsuit challenging Measure ULA, a transfer tax on luxury real estate sales. This victory is a testament to the efforts of housing activists in California.
3 Creative Solutions to Affordability Problems in Real Estate
As home values continue to increase alongside rising interest rates, many hopeful homebuyers are faced with new affordability challenges. The good news is, buying a home is still within reach for many people if they are willing to work with some creative solutions.
Hot homes: 5 houses for sale in Charlotte ranging from $489K to $1.4M
These five houses in Charlotte offer a range of contemporary styles and charming details that make each home feel warm and cozy. From built-in breakfast nooks to sleek interior features, here's a closer look at each property:
Home Prices Go Up as Demand Falls
Looking to buy or sell a home? Get Connected To a GREAT Real Estate Here: <a href="www.realestateteamfinder.com">www.realestateteamfinder.com</a> *** Jason Walter, Sacramento real estate agent and native; Realty ONE Group Complete (DRE 01923240). This post may affiliate links (if you purchase anything through these affiliated links, the author earns a commission).
The Number of Homes for Sale Is Still Very Low The number of homes available for sale is still very low. Let’s connect now to get your house in front of eager buyers. #sellyourhouse #realestatemarket
Mortgage Rate Update & Another Fed Hike Coming?
Looking to buy or sell a home? Get Connected To a GREAT Real Estate Here: <a href="www.realestateteamfinder.com">www.realestateteamfinder.com</a> *** Jason Walter, CPA (lic 103885); Sacramento real estate agent and native; Realty ONE Group Complete (DRE 01923240). This post includes affiliate links (if you purchase anything through these affiliated links, the author earns a commission).