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5 predictions for the 2022 housing market

Housing Wire

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

Marketing 545
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With Home Values Surging, Is it Still Affordable to Buy Right Now?

Keeping Current Matters

Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. Note: During the housing crash from 2009 to 2015, distressed properties (foreclosures and short sales) dominated the market. The number one factor impacting today’s homebuying affordability is record-low mortgage rates.

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With Mortgage Rates Rising, Is an Adjustable Rate Right for You?

Lighter Side of Real Estate

Which means you’ve probably been reading or hearing about adjustable rate mortgages making a comeback. The 30-year fixed rate mortgage has been so historically low, they haven’t been all that necessary to consider. Find out how much it can adjust, and how often, once the fixed rate period is over.

Mortgages 145
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Miami-Dade Total Home Sales Continue Surging in January 2021

Realty Biz

Miami-Dade County total home sales posted a double-digit increase for the fifth consecutive month in January 2021 as pent-up demand and record-low mortgage rates continue fueling transactions, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. year-over-year, from 887 to 968.

Sales 90
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The Real Estate Standoff: Existing Home Sales are Up, Despite Reluctant Sellers

Broke Agent Media

BAM Key Details: According to the National Association of REALTORS®, existing home sales increased 14.5% Year-over-year, however, existing home sales dropped 22.6% and the median existing-home sale price fell 0.2% That said, year-over-year, existing home sales are down 22.6%. from a year ago to $363,000.

Sales 98
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Miami-Dade Luxury Sales Surge

Realty Biz

Miami-Dade $1-million-and-up transactions surged triple digits versus pre-pandemic 2019 transactions as total pending home sales and showing appointments rose again for the second consecutive month, according to February 2023 statistics released today by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) systems.

Sales 100
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Miami Real Estate Luxury Home Sales Continue Surging 

Realty Biz

Miami-Dade County $1 million+ luxury home sales continued outperforming pre-pandemic levels as total median sale prices rose once again as the market leads the nation in real estate appreciation, according to April 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Sales 92