At the beginning of the year, all eyes were on the housing market as it began to show signs of slowing. With a sharp rise in inventory and multiple interest rate hikes on the horizon, the future of real estate sales was… Read More »What to Know About the Luxury Real Estate Market in These Uncertain Times
2016 was a stellar year for buyers, witnessing mortgage rates below 3.75% all summer on the average 30-year fixed-rate mortgage. With the steadily rising interest rates of today’s real estate financing trends, currently at around 4.5% and climbing for the… Read More »Rising Mortgage Rates Fail to Dampen the Buyer’s Market
Fistfights breaking out at your brokerage over the possibility of gaining a listing? Just in case the dog-eat-dog listing races and woeful number of affordable homes on the market for buyers weren’t enough of a confirmation of real estate trends,… Read More »It’s Been Confirmed, It’s a Seller’s Market
Despite expected real estate trends, the average interest rates for 30-year fixed-rate mortgages have experienced an unexpected drop. Typically, when the Fed raises interest rates, mortgage rates likewise climb, as seen in recent short-term hikes as recently as March (and… Read More »Bucking the Trend: Dropping Mortgage Rates
