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    Mortgage Rates Drop Below 3% – Lowest in 50 Years

    By Kerry Smith The 30-year, fixed-rate mortgage averaged 2.98% this week, according to Freddie Mac – but any uptick in buyer demand will meet a shrinking inventory of for-sale homes. MCLEAN, Va. – The average 30-year mortgage rate dropped below 3% this week for the first time in at least 50 years. It averaged 2.98% […]

    In search of real estate during Covid? Follow these steps when visiting any real-estate.

    The Big Question: What Will Happen to the Housing Market?

    By Melissa Dittmann TraceyThe real estate market dipped during stay-at-home orders, though it still looks as if many deals were postponed rather than cancelled. What happens next? COVID-19’s resilience remains a big unknown, but it still seems as if market strength will return sooner rather than later. CHICAGO – The housing market is recovering much […]

    New Home Sales Rise Surprisingly Strong 16.6% in May

    By Martin Crutsinger The seasonally adjusted annual rate was higher than analysts expected – many economists predicted a decline. It was also 12.7% higher compared to year-ago numbers. WASHINGTON (AP) – Sales of new homes rose a surprisingly strong 16.6% in May with the reopening of major parts of the country potentially fueling activity in […]

    Will Fed Actions Push Mortgage Rates Any Lower?

    A strong jobs report nudged mortgage rates higher, but a Fed decision to keep interest rates low, possibly through 2021, should keep mortgages affordable for a while. NEW YORK – Freddie Mac reported on June 11 that the 30-year fixed-rate mortgage averaged 3.21% for the week – up three basis points from the week before. […]

    Realtor.com: Housing Market Turned Around in May

    By Kerry SmithBased on realtor.com data, a drop in listings turned around in May as median prices hit an all-time high of $330,000. In the 50 largest metros, inventory was down 21.9% – but less in four Fla. cities, where it ranged from 8.6% (Orlando metro) to 19.3% (Tampa metro). SANTA CLARA, Calif. – The […]

    Hurricane Season Collides with Coronavirus on Monday

    By Jim Turner Fla.’s disaster managers modified hurricane plans for evacuations, shelters and relief crews. More people, for example, may be encouraged to stay home during the storm. TALLAHASSEE, Fla. – With the six-month Atlantic hurricane season starting Monday, emergency-management officials have changed how Florida will respond to storms as they grapple with the coronavirus […]

    New-Home Sales Post Surprising Gain in April

    A 0.6% increase in new-home sales isn’t much, but it suggests that a healthy number of potential buyers is still ready to move forward on their plan to buy a home. BALTIMORE (AP) – U.S. new home sales ticked up 0.6% in April, a surprising gain amid the coronavirus outbreak that hints at the relative […]

    U.S. Long-Term Mortgage Rates Ease; 30-Year at 3.24%

    It’s the 4th straight week that the 30-year home loan stayed below 3.30%; the average rate on the 15-year fixed-rate mortgage slipped to 2.70%. WASHINGTON (AP) – Long-term U.S. mortgage rates eased this week in a housing market battered by the shutdown spurred by the coronavirus pandemic. Rates hovered near all-time lows as the benchmark […]

    Fla.’s Home Sales and Median Prices Show Gains at End of 201

    Fla. Realtors data: Single-family sales up 5.9%, median price up 3.7% year-over-year while condo median price up 3.8% over 2018’s end. Condo sales eased slightly, down 0.8%, compared to a year ago. A growing economy and strong jobs outlook bode well for 2020. ORLANDO, Fla. – Florida’s housing market wrapped up 2019 with more sales, higher […]

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