U.S. new home sales rise despite higher mortgage rates · PERT Florida Real Estate School

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In 2017, sales are forecast to grow roughly 2% to around 5.52 million. The national median existing-home price is expected to rise to around 5% this year and 4% in 2017. By the end of next year, mortgage rates are expected to reach around 4.6%, and the Federal Reserve is expected to raise the Fed funds rate a few more times to 1.25%.

Americans responded to higher mortgage rates by snapping up new homes in February at the fastest pace since July. New-home sales rose 6.1 percent month-over-month to a seasonally adjusted.

Queen of Versailles “It's a sentiment shared by Laing and Simmons real estate agent Peter. the program, who said the bank had 'suddenly switched the mortgage to interest. ” Stagnant house prices are likely the new normal for property markets.. property sales increased by 5 percent and inventory rose 2 percent in August,

Affordable Merit Rate Mortgages Our Affordable Loan Solution mortgage could be a good option if you’re a qualified homebuyer unable to make a larger down payment. This fixed-rate loan for modest-income borrowers offers a competitive rate with a down payment as low as 3% to help make buying a home more affordable.

Commerce Dept.: New home sales rose 6.1% in Feb. to the fastest pace since July, up about 13% from a year ago. Builders also have ramped up new-home construction. Source: Florida Realtors Related Posts:New Home Sales Up 12.7% From Last YearU.S. home construction jumps 9.7% in JanuaryFla. housing market: Sales, median prices up in JulyJuly [.]

A list of current mortgage rates, MBS Live | Automated Mortgage and Real Estate Newsletters. for the last several years has been the shortage of homes for sale. While new home inventories.

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Use these 2019 real estate trends to plan ahead for the new year-whether you’re selling, buying or staying put!. Home prices are estimated to rise in 2019, but at a much slower pace, and the number of homes for sale is expected to increase by a mere 1%.. What Higher Mortgage Interest.

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