Regional Spotlight—The Mid-Atlantic region is awash with real estate activity this spring, with real estate practitioners in the area expecting a busier season overall, according to a recently released survey. “After a solid 2016, the Mid-Atlantic real estate market is poised for continued growth in 2017,” says Tom Phillips, president and CEO of Bright MLS, […]
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Mortgage rates moved back under 4 percent for the first time since the presidential election, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 15-year and 30-year fixed mortgage rates both toppled 11 basis points, with the 15-year at 3.23 percent and the 30-year at 3.97 percent. The average 5-year, Treasury-indexed […]
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Will more interest rate hikes this year turn millennials off to buying a home? A sizable share of millennials recently surveyed by TransUnion decided to put off buying a home after learning of the interest rate hike in 2016, with 42 percent reporting that the raise in rate influenced their plans. The key interest rate, […]
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Talk to a Realtor® in much of the country right now and they’ll all echo a similar narrative: homes are selling quickly because there are not enough listings on the market. It’s why existing sales stumbled in February and price growth accelerated to its fastest pace in over a year (7.7 percent). Even more staggering, inventory […]