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Buyers are getting cold feet as mortgage rates exceed 7%: Redfin

Housing Wire

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. Rates last month surged to 7.23%—the highest since 2001 – sending the typical homebuyer’s monthly payment up significantly from last year. That rate is up from 14.3% The median U.S. million in August, falling 1.1%

Buyers 391
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Pending home sales fall 38% in November

Housing Wire

An index of 100 is equal to the level of contract activity in 2001. Pending-home sales in November reflect a freeze in the housing market, as buyers remain on the sideline and sellers are staying put,” Odeta Kushi, First American’s deputy chief economist, said in a statement.

Contracts 482
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Pending home sales are down 31% from last year

Housing Wire

An index of 100 is equal to the level of contract activity in 2001. Persistent inflation has proven quite harmful to the housing market,” Lawrence Yun, NAR’s chief economist, said in a statement. Only when inflation is tamed will mortgage rates retreat and boost home purchasing power for buyers.”. All four major U.S.

Contracts 509
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Why home-price growth is still up 18% year over year

Housing Wire

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5 million listings. Some sell to rent, of course.

Inventory 381
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Pending home sales shock 2021 housing crash bears

Housing Wire

An index of 100 is equal to the level of contract activity in 2001.” ” One of the themes that I wanted to give to my readers is that housing data had surged toward the end of 2020, which created a high that couldn’t be sustained. When inventory rises and more supply is on the market, this means demand is fading.

Inventory 527
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A look behind this year’s Tech100 winners

Housing Wire

Clearly, we love that the housing market supports so many professionals and households. But ultimately, efficient mortgage lending and real estate sales is what is most important to a healthy housing market. Time after time, real estate homebuyers and sellers choose to work with a real estate agent.

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Lamacchia Realty Announces Top Agents for May 2021

Lamacchia Realty

Angela Harkins has been a REALTOR® since 2001 and built her own team back in 2008. He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties. In 2018 and 2019 , she was awarded Most Sales and Most Sales Volume for our Woburn Office.

Realty 59