As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling. Now, however, rates are beginning to come down—and buyers are starting to reenter the market. In fact, the latest data from the Mortgage Bankers...
You may be watching your cash flow during the market slowdown. Use these smart tips to protect your nest egg. News about economic tumult may be making you feel jittery about your finances. A “housing recession,” as National Association of REALTORS® Chief Economist Lawrence Yun characterizes the current market slowdown, may be daunting for real estate pros whose...
monkeybusinessimages | Getty After home financing costs nearly doubled in 2022, some relief is in sight for potential homebuyers in 2023. The interest rate for a 30-year fixed-rate mortgage in the U.S. is expected to drop to 5.25% by the end of this year, according to a forecast by the financial services website Bankrate. That’s 1.49 percentage points lower than the current rate, and nearly...
Buyers got on a roller coaster in January 2022 and stayed strapped in for the real estate market loops throughout the year. Mortgage rates were low, then soared to a 20-year high of 7.08% before dipping again. Median national list prices rose to a historic $450,000, and then they, too, began to fall. Homes in July were snatched up in 34 days—and come November, they lingered on the market for 56...
Commercial Office Space for Rent in Rockville MD Commercial Office Space for Rent in Rockville MD Commercial Office Space for Rent in Rockville MD Commercial Office Space For Rent in Beltsville MD Rare, beautifully updated, and meticulously maintained upper level 3 Bed, 2.5 Bath townhouse-style condo in the heart of The Lakelands neighborhood. This unit backs...
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Every house hunt starts with a dream, one that can easily escalate into pure fantasy. Homebuyers, particularly first-timers, often harbor visions of purchasing the perfect house, in a great neighborhood, for a bargain price. All that might have been achievable—with some luck—in the past. But in today’s hot seller’s market, once buyers move beyond mooning over listings to making an actual offer,...
Buyers got on a roller coaster in January 2022 and stayed strapped in for the real estate market loops throughout the year. Mortgage rates were low, then soared to a 20-year high of 7.08% before dipping again. Median national list prices rose to a historic $450,000, and then they, too, began to fall. Homes in July were snatched up in 34 days—and come November, they lingered on the market for 56...
