Remove Closing costs Remove Days on market Remove Mortgages
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Fed’s Beige Book predicts further uncertainty for the housing market  

Housing Wire

Higher mortgage rates , inflation and recession fears are the key factors holding back home demand in districts including Boston and Philadelphia, said the economists, market experts and business organization leaders interviewed for the report. million this year, and mortgage origination activity is forecasted to slip to $1.74

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Connecticut Home Sellers Can Expect to Pay These Closing Costs

HomeLight

If you’re selling a home in Connecticut, you should familiarize yourself with closing costs that sellers pay to finalize the transaction. The average closing costs for home sellers fall between 6% to 10% of the home’s sale price. Connecticut sellers can count on these costs. Mortgage payoff. Recording fees.

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The nation’s housing market is on a correction course

Housing Wire

The Fannie Mae report projects “strong deceleration in home-price growth going forward” due to higher mortgage rates and the overall slowing economy affecting purchase demand. Overall, annual mortgage origination levels are expected to be $2.8 By comparison, home-price growth was 17.8% in 2021, Freddie Mac reports. The Beige Book.

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From consultation to closing: The definitive homebuying checklist

Housing Wire

Secure a mortgage pre-approval As a rule of thumb, its best to have your clients obtain a mortgage pre-approval prior to setting up any searches and conducting property tours. Connect your clients with your preferred lenders to ensure they are only looking at homes they can afford to make an offer on.

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Thinking of Selling Your Home? Take this Seller Litmus Test

HomeLight

You can check real estate websites or consult with a local agent to get an idea of average days on market and recent sale prices. The software will automatically load listings marked as “Closed” and indicate the selling price. Can you afford the cost of moving? The average cost of a long-distance move is $4,890.

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Home Prices Fall and Listings Soar: Could It Be a Great Time To Buy Despite High Mortgage Rates?

Realtor.com

High mortgage rates—which, as of Wednesday, hover at 6.58% for a 30-year fixed-rate loan—are a stark reminder that many buyers might still struggle on the affordability front. Some areas in the United States are taking the brunt of the market downturn. on a year-over-year basis. The result? ” asks Aguirre.

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Land of the First Boardwalk: Down Payment Assistance in New Jersey

HomeLight

Unfortunately, a tight real estate market with little inventory can make it challenging to find a house that fits your budget. Plus, down payment and closing costs in New Jersey can set you back thousands of dollars. Some mortgage programs require no down payment but can have strict eligibility requirements.

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