New Listings mid-week September 28
Here are the latest New Listings:
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Open Houses Sunday September 25
These are today’s Open Houses:
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Open Houses weekend September 24/25
These are the weekend’s Open Houses:
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Latest New Listings and Inventory
Here are the latest New Listings:
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New Listings and Latest Inventory
Here are the latest New Listings:
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Mortgage Rates peaked? I spoke too soon
In June I published Have Mortgage Rates peaked? when the 30-year national average Fixed-Rate Mortgage (FRM) reached 5.81% and commented:”..a realistic expectation would be that the spread (the difference beyween the FRM and the yield on the 10-year Treasury) will drop from its current 2.5% to at least 1.8% at some point. If the yield on 10T stays in the low 3% range that would suggest that the FRM will drop below 5% again.”
Well it did…for a while, dropping to 4.99% on August 4th.
But then this happened:
Why have mortgage rates jumped again? (more…)
New Listings week ending September 16
Latest New Listings:
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Open Houses weekend September 17/18
This weekend’s Open Houses:
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New Listings September 14
More New Listings in Salem and Beverly, not so much in Marblehead and Swampscott:
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New Listings week ending September 9
A jump in New Listings in Salem and beverly, not so much in Marblehead and Swampscott:
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Open Houses weekend of September 10/11
Plenty of Open Houses this weekend:
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First New Listings post Labor Day
The first New Listings after Labor Day:
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Is the U.S. Housing Market at a Crossroads?
Homes reached record prices in early 2022 – so is the current market a housing recession or just a market correction?
Here are some extracts from an article Market at the Crossroads on the Florida Realtors website, with my comments and links to recent articles at the end.
Is there a housing slowdown?
There is widespread consensus that the housing market has experienced a drastic drop-off in activity since its pandemic-prompted heights.
The housing market is “not like the volatile stock market, always going up and down; the housing market moves at a different, slower pace. “The market simply could not, and was never expected to, grow at that pace indefinitely,” Neda Navab, president of brokerage operations at real estate company Compass said. “Whether this trend will continue long enough for the market to enter a true ‘recession,’ or if this is simply the start of an expected ‘correction’ to historic norms, still remains to be seen.”
The case for a housing correction (more…)
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