Marco Santarelli

MAY 22, 2024

All-cash transactions remained stable at 28% of total sales, with individual investors or second-home buyers contributing 16% to the market. Distressed sales, including foreclosures and short sales, held steady at 2% of total sales in April, reflecting overall market stability. from the previous year. to over 7%.

Mortgages 98

Mortgages Marketing Lending Fixed-rate mortgage 98

Realty Biz

FEBRUARY 21, 2021

According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage was 2.74% in January, up from 2.68% in December. The average commitment rate across all of 2020 was 3.11%. Lack of access to mortgage loans continues to inhibit further growth of the existing condominium market.

Sales 90

Sales Short sale FHA loan Fixed-rate mortgage 90

RIS Media

DECEMBER 22, 2020

Individual investors or second-home buyers, who account for many cash sales, purchased 14% of homes in November, identical to the share recorded in October 2020 and a small decline from 16% in October 2019. All-cash sales accounted for 20% of transactions in November, up from 19% in October but unchanged from November 2019.

Sales 98

Sales Fixed-rate mortgage Short sale Mortgages 98

Broke Agent Media

MARCH 22, 2023

28% of transactions in February were all-cash sales —down from 29% the previous month but up from 25% a year ago. 18% of homes sold in February were purchased by individual real estate investors or second-home buyers —who are responsible for many of those all-cash sales—up from 16% the previous month but down from 19% a year ago.

Sales 98

Sales Fixed-rate mortgage Mortgages Short sale 98

Rent, Buy & Sell

JANUARY 20, 2023

Foreclosures and short sales may be enticing due to low offer prices, but they carry some risks and potentially higher costs. Shop around for the best mortgage rates. So, by lowering mortgage rates during a recession, the federal government hopes to buoy home sales by making it cheaper to borrow mortgages.

Title search 59

Title search Short sale Title Fixed-rate mortgage 59

Realty Biz

MAY 21, 2023

Rates leveled off before recently rising again. Rates on March 1, 2022 were 3.90%. Home sales are sensitive to mortgage rate changes. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.35% as of May 11. Miami Distressed Sales Remain Low, Reflecting Healthy Market Only 1.3%

Sales 92

Sales Short sale Fixed-rate mortgage Banks 92

Marco Santarelli

AUGUST 5, 2020

The 30-year fixed-rate averaged 3.57% in the first quarter of 2020, down from 4.62% one year ago. The average monthly mortgage payment on a 30-year fixed-rate mortgage with a 20% down payment was $995, down from $1,048 a year ago. The current 30-year fixed-rate is averaged 3.15%.

Marketing 145

Marketing Fixed-rate mortgage Sales Mortgages 145

Realty Biz

MARCH 21, 2023

Home sales are sensitive to mortgage rate changes and homebuyers are taking advantage of any rate declines. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage is 6.60% as of March 16. In 2009, distressed sales comprised 70% of Miami's sales.

Sales 100

Sales MLS Short sale Residential 100

Realty Biz

DECEMBER 26, 2022

While the Fed doesn’t set mortgage rates, it affects them through its conduct of monetary policy. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage averaged 6.31% as of December 15. In 2009, distressed sales comprised 70% of Miami's sales.

Sales 92

Sales Short sale Residential Mortgages 92

Marco Santarelli

JULY 11, 2022

The surprising uptick in sales of new single-family houses in the United States in May is likely to be short-lived as home prices continue to rise and the average contract rate for a 30-year fixed-rate mortgage hits 6 percent, decreasing affordability. million in May, down 3.6% million in April and down 7.7%

Sales 98

Sales Marketing Fixed-rate mortgage Mortgages 98

Realty Biz

JUNE 24, 2022

On the same $300,000 mortgage, the monthly payment has risen from $1265 in December to $1800 today, according to NAR. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage was 5.23% in May, up from 4.98% in April. The mortgage rate is projected to land at 5.3%

Sales 78

Sales Short sale Mortgages Fixed-rate mortgage 78

Broke Agent Media

MAY 23, 2023

Individual investors or second-home buyers , who are responsible for many of those all-cash sales, bought 17% of the homes sold in April, identical to the previous month and to April 2022.

Sales 52

Sales Fixed-rate mortgage Days on market Short sale 52

Marco Santarelli

SEPTEMBER 5, 2020

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%. The 15-year fixed-rate mortgage dropped to 2.44%.

Marketing 135

Marketing Purchase and sale agreement Investor Sales 135

Marco Santarelli

SEPTEMBER 7, 2020

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%. The 15-year fixed-rate mortgage dropped to 2.44%.

Marketing 126

Marketing Investor Sales As-is 126

Marco Santarelli

AUGUST 27, 2020

The percent of Las Vegas homeowners underwater on their mortgage is 7.2%, which is higher than Las Vegas-Henderson-Paradise Metro at 7.1%. The number of mortgage delinquencies in Nevada had reached its lowest point in years. Las Vegas Realtors reported that short sales and foreclosures combined accounted for 2.7%

Marketing 128

Marketing Purchase and sale agreement Investor Sales 128

Marco Santarelli

JULY 23, 2022

Due to the crash, there may also be short sales and foreclosures, offering you the opportunity to acquire a deal. Many homebuyers may feel that obtaining a mortgage is too risky. Recessions are temporary pauses in an otherwise booming economy, but they have an impact on the housing market and interest rates. recessions.

Mortgages 52

Mortgages Marketing Lending Equity 52

The Close

DECEMBER 29, 2022

It’s kind of like a fixed-rate mortgage and an adjustable-rate mortgage had a baby. A convertible ARM is a mortgage with a much lower interest rate at the start of the loan, where the interest rate fluctuates during the life of the loan, usually every six months. Fixed-rate mortgage.

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98