August Housing Inventory. Also on Wednesday, realtor.com. Hotness data from realtor.com, mortgage rates from Freddie Mac, and the jobs report.. figure and could be setting us up to see a new.
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An uptick in existing-home sales in the final three months of 2017 pulled down housing inventory to an all-time low and kept home-price growth at its recent robust pace, according to the latest quarterly report by the National Association of Realtors, out Tuesday.. Mortgage Masters Group NMLS.
While the low amount of existing home sales is disappointing for the real estate market, inventory is slowly rising, meaning more homes are becoming available. This could mean the slight rise in October will continue through the end of the year, prompting even more home choices for buyers.
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Mortgage rates seemed to be once headed in a downward spiral, that is, until autumn, real estate experts say.. its benchmark interest rate as 30-year mortgage rates reached all-time lows last seen in 2016.. in the Lehigh Valley for August 2019 provided by the Greater Lehigh Valley Realtors group.
With recent changes to the current Federal Reserve Monetary Policy, a decline in the stock market, a surplus of available jobs, all-time low unemployment rates, not enough affordable housing to accommodate a huge millennial population, and high consumer debt, the real estate market may seem unpredictable in 2019.
5 days ago · Homes still are selling briskly in a market with inventory shrinking and low mortgage rates. The average home that sold last month was on the market for 32 days, the same as last September, but.
Low interest rates. Mortgage interest rates are at very favorable levels. According to Freddie Mac, the 30-year fixed-rate mortgage rate hit an all-time low in early October-the lowest in the 40 years that Freddie Mac has been tracking rates–as did the 15-year fixed-rate and 5-year ARM.