30-Year Fixed Rates at Lowest Level in 15 Months

According to Freddie Mac’s Primary Mortgage Market Survey, 30-year fixed mortgage rates are at their lowest levels since January of last year. The average rate as of yesterday’s report was 4.08%. Freddie Mac further reports the following: “While the...

Local Market Watch – NE Broward Waterfront Condos

Year End Data Shows Remarkable Consistency The most popular segment in our South Florida market is definitely waterfront condominiums. These properties appeal to a wide range of buyers including second home owners, investors and even primary residences. Buyers come...

Fixed Rate Mortgages Reach Lowest Level in 12 Months

According to Freddie Mac’s Primary Mortgage Survey fixed rate mortgages have reached a 12 month low. And to think that everyone was panicking about rising mortgage rates just a couple months ago. How long will rates stay low? Who knows, but if you’re...

NAR: January 2019 Housing Minute

Courtesy of the National Association of REALTORS® this video provides a nice snapshot of the national housing market as of December 2018. Some highlights from the video: December sales volume was down 10.3% from last year, but median sales prices were up 2.9% from...

NAR: 2019 Housing Forecast

When REALTORS® met on November 2nd for their annual conference in Boston, chief economist Lawrence Yun shared his forecast for 2019. Here are some highlights. Consumers should expect home sales volume to flatten and home prices to increase, though at a slower pace....

Fort Lauderdale Waterfront Market Watch

Fort Lauderdale is known as the “Venice of America”, a name that was assumed by the city and added to its seal back in the 1920’s. In reality Fort Lauderdale dwarfs Venice with 165 miles of waterway compared to only 26 miles for our Italian...

CNBC: Mortgage Rate Discussion with Mark Fleming

First American Chief Economist Mark Fleming discusses rising mortgage rates on CNBC. Mark provides a calm and cool perspective on why we shouldn’t panic about rising rates. Mark Fleming talks about rising mortgage rates from...

NAR: September 2018 Housing Minute

Courtesy of the National Association of REALTORS® this video provides a nice snapshot of the national housing market as of August 2018. Some highlights from the video: August Sales were down 1.5% from last year, but median sales prices were up 4.6% from last year....

NAR: August 2018 Existing Homes Sales Report

Here is the August 2018 Existing Home Sales Report from Lawrence Yun, Chief Economist for the National Association of REALTORS®. Sales are down slightly, but median prices continue to rise. The data implies that many buyers may be sitting on the sidelines waiting for...

June 2018 Housing Minute

Courtesy of the National Association of REALTORS® this video provides a nice snapshot of the national housing market as of June 2018. Some highlights from the video: Distressed sales were only 3% of total sales, down from 5% last year and the lowest since NAR started...
Skip to toolbar