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An increase in new home construction is expected to meet some of this demand, but not all. The Federal Reserve hiked interest rates 11 times between March 2022 and July 2023 to combat high ...
The current housing market. Home sale prices: The country’s median existing-home sale price in February 2024 was $384,500, according to the National Association of Realtors (NAR) — up 5.7 ...
Rising Home Prices. Claus foresaw that Florida home prices would rise steadily over the next five years, fueled by high demand and limited supply. “Cities like Miami, Tampa, and Orlando may see ...
On an annual comparison, Miami-Dade’s $570,000 median price for houses last month jumped 11% from $515,000 in July 2021, and by 12% for condos to $380,000 last month from $340,000 in July 2021 ...
In addition, Xu noted that with declining mortgage rates, the impact of the lock-in effect will start to ease and bring more sellers back to the market. Learn More: 5 Worst Florida Cities To Buy ...
Broker's price opinion. A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser. A BPO is an informal appraisal. It is similar to doing a CMA ( Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO. A BPO can be either an exterior drive-by or a ...
Across the South, closed sales declined 4.1% over the past month and 14.6% over the past year, reflecting the effects of low inventory and the highest mortgage rates in a generation, National ...
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