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The Worth of Your House is Less Important than Who is Selling it

2 mins read

When putting a house on the market, who has the edge when it comes to selling for a profit? Chances are — unless you’re a full-time real estate investor — it’s not you.…

Intense buyer demand continues to drive hot housing market

2 mins read

The FINANCIAL — Intense and persistent buyer demand is keeping the time on market for houses at incredible lows and pushing prices ever higher above 2019, according to Zillow’s Weekly Market Report. Sales remain high above last year and are expected to stay robust in the coming months. Time on market still short as pending sales…

Mortgage rates continue to fall historic low

1 min read

The FINANCIAL — Freddie Mac (OTCQB: FMCC) released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.80 percent, the lowest rate in our survey’s history which dates back to 1971. “Mortgage rates remain very low, providing homeowners who have not already taken advantage of this environment ample opportunity to do…

How A Biden Presidency could change housing sector

5 mins read

The FINANCIAL — What happens if the major polls are right and the upcoming election results in a change of administrations, if Trump is out and Biden is in? How might the housing sector change? One place to look is the 2020 Democratic platform. It includes a suggestion that might significantly impact the real estate market…

This week’s mortgage rates fell dramatically and reached a new record low

1 min read

The FINANCIAL — Mortgage rates sharply fell this week reaching a new record low. Following the trend of the 10-year Treasury yield, the 30-year fixed-rate mortgage dropped to average 2.81% this week from 2.87% the prior week. During the pandemic, many Gen Zers and Millennials move back to their parents from large metro areas. In…

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The highest number of Latinx households own their homes since Great Recession of 2008

2 mins read

The FINANCIAL — Remarkable growth this half-decade has boosted the share of Latinx households in the U.S. that own their home to its highest since the housing bust. While recent signs are encouraging, a new Zillow® analysis reveals remaining roadblocks on the path to equitable housing.  Latinx Americans are a massive and diverse group, with more than 200…

House prices continue to grow due to inventory shortage

2 mins read

The FINANCIAL — Home price momentum continued into early October, with annual median list price growth reaching double digits, according to Zillow’s Weekly Market Report. Although the frenetic pace of newly pending sales seems to be subsiding in a delayed seasonal slowdown, a dire lack of inventory is keeping the market in sellers’ courts. “The consequences…

Mortgage rates to fall again after Fed‘s move to combat impacts from coronavirus

2 mins read

The FINANCIAL — Average 30-year mortgage lending rates for homebuyers with good credit have fallen from 4.46% in January of 2019 to 3.13% but rate is now back up around 3.65%. Mortgage rates are primed to fall again after the Federal Reserve’s latest dramatic policy moves to combat the economic impact from the deadly coronavirus…