Mortgage purchase applications have dropped 35% since 2019, with the housing market frozen amid rising mortgage rates, now averaging 6.43% for 30-year fixed loans. Home resales have fallen 23% annually since 2019, while housing supply has surged to multi-year highs. Refinancing applications spike briefly when rates dip but remain low overall due to upfront costs and breakeven considerations, indicating weak demand ahead.
Working under big real estate brokerages has pros like strong brand presence, extensive networks, and valuable training from experienced mentors. However, cons include unfair practices,
Many first-time buyers still plan to purchase, even with affordability pressure, by adjusting expectations around location, home size, and financing choices today. Flexibility is showing
Miami’s market sits within a national backdrop of record-high prices, limited supply, and cautious buyers carefully weighing affordability before making offers today. Economic uncertainty has
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