The move from 3.45% to 3.47% comes after three straight weeks of declines, and the 30-year mortgage rate remains close to historically low levels.
While Fla. also saw a decline, it remained the top U.S. state for international buyers.
Refinancing and getting extra cash can raise interest rates and scare people who remember recent housing troubles.
An implicit antidiscrimination ban is now spelled out in NAR’s Code of Ethics, and the mandatory training cycle has been changed from every two years to every three.
Apartment growth is back to pre-recession levels but demand still outweighs supply.
A university analysis finds that racial discrimination in mortgage lending hasn’t declined much in the past 30-40 years.
Rents for single-family units, including condos, rose 3% year-over-year in November 2019
“Risk Rating 2.0” now goes into effect Oct. 1, 2021.
Pres. Eric Sain and CEO Margy Grant accepted a $10K check from NAR for Florida Realtors successful “You, Only Better” campaign to encourage participation in C2EX
Northerners are struggling.
While Census data can’t clearly say Fla.’s up-tick in in-migration is due to lower taxes or more retirees, it suggests that Conn.
Builders see their market moving in the right direction, with the “unsustainable” level of multifamily starts slowing and the number of single-family starts growing.
The Disaster Relief donation, which NAR will distribute, helps support those affected by a disaster, such as the recent flooding in Texas and wildfires in California.
As a possible economic slowdown looms, the people who invest money for ultra-rich families are buying more real estate as a hedge against any possible downturn.
Study: The year after a foreclosure, 7% of ex-owners have a credit score above 680 and 2% above 740; and all credit scores increased by about 10 points each year.
Freddie Mac thinks that less worry over trade helped lift global stock markets, and the resulting impact on bonds nudged the average 30-year FRM higher this week.
The 30-year, fixed-rate mortgage hit a three-year low this week, declining to 3.49% from last week’s average of 3.58%.
Pick any hot real estate topic – algae, flood insurance, iBuyers, service animals – the annual convention is a once-per-year chance to change talk into action.
When asked about the best investment for 10-plus years, 31% picked real estate with millennials the top pro-real estate generation.