Certain types of homes are predicted to lose value in the next 12 to 18 months due to high interest rates and housing prices. Condominiums and urban apartments may decline in demand due to oversupply and remote work trends. Older suburban homes are struggling against new constructions, while luxury properties face price reductions from economic fluctuations. Additionally, homes in areas with high...
Real Estate & Mortgage News
Mortgage rates have posed challenges for homebuyers, with current rates in the high 6% range and expectations for potential cuts later in 2025. Historical trends show rates peaked at 7.08% in October 2022, following a drop to record lows during the pandemic. The long-term average is just under 8%. Factors influencing rates include credit scores, down payments, and loan types. While rates are expected to...
Miami is a vibrant and multicultural city that is home to a globally recognized Design District. Its stunning Art Deco architecture and high-end galleries solidify its status as a top destination for design lovers....
Delinquency rates for mortgage loans increased in Q4 2024, reaching 3.98% for one- to four-unit residential properties, up 6 basis points from Q3 and 10 basis points from the previous year. Conventional loan delinquencies slightly decreased to 2.62%, while FHA and VA loans saw significant increases, with FHA delinquencies rising to 11.03% and VA to 4.7%. The gap between FHA and conventional delinquency...
2025 existing home sales yearly: 24.0% 2025 existing home median sales price yearly: 9.0%...
Banks with good technology help track mortgage progress, motivating extra payments to save on interest. Reviewing a bank’s fees can reveal savings by avoiding high origination, application, and appraisal costs....
As 2025 approaches, the top five real estate markets for buyers and investors are Dallas, Miami, Houston, Tampa-St. Petersburg, and Nashville. These cities are experiencing rapid population growth, economic stability, and offer affordable housing options. Dallas leads with a strong economy and a median home price of $434,500. Miami offers attractive rental yields despite high insurance costs. Houston is...
Market Overview: - 2025: Lower rates, slower price growth - Sellers must adapt to a balanced marke Enhance Curb Appeal: - Boost curb appeal for buyer attraction - Simple upgrades can add ↑ 5-7% value...
Excluding housing, South Florida’s inflation rate remained below 2%, considered a healthy level. South Florida’s inflation ↑ 2.8% compared to the previous year, showing a steady increase....
Experience this South & Southeast facing Waterfront Corner Condo with two balconies in a boutique building (only 6 units!) in Eastern Shores! This beautifully remodeled 2-story corner unit offers stunning Canal & Intracoastal views. Features include impact windows/doors, luxury finishes, & a bright, spacious layout. Enjoy the pool area, your private...