The real estate market is booming in Nashville. Couple that with the recent refi boom makes satisfying the demand a challenge. 2012 was the last time we saw a refinance demand like we are seeing now. It's definitely a seller's market. Homes don't stay on the market long, multiple offers, coming in over asking price is the norm. . 2022 Housing Prediction #5: Mortgage rates will be over 6%. As of April 13th, 2022, the 30-year fixed-rate mortgage hit 5% for the first time since 2011. The 10-year ARM (adjustable rate mortgage) was at 4.3%. As a result, there are more.
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Days on Market 39 days SOLD JUL 19, 2022 $194,000 12102 Redspire Dr #103Louisville, KY 40299 2 Beds 2 Baths 1,406 Sq. Ft. TC Realty List Price $191,000 Sale to List 2% over list Days on Market 46 days SOLD JUL 19, 2022 $250,000. "We are giving back some of the euphoria [home] pricing that was rolling over every housing market," says Rick Palacios Jr., head of research at John Burns Real Estate Consulting. "We are giving back some of the euphoria [home] pricing that was rolling over every housing market," says Rick Palacios Jr., head of research at John Burns Real Estate Consulting.
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Home builder confidence in the market for newly-built single-family homes dropped 12 points lower to 55 in July, its seventh consecutive monthly decline according to the NAHB/Wells Fargo Housing. Rory S. Coakley is founder and president of Coakley Realty, a full-service residential and commercial real estate company in the Washington area. He writes an occasional column about housing issues. The real estate market is bracing for a 'soft landing' As home buyer demand falls, the real estate market is approaching a slowdown. According to the Census Bureau, U.S. new-home sales have.
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Jul 19, 2022. A red-hot local residential real estate market has finally cooled a bit, with interest rate hikes putting many would-be buyers into a hesitation mode. New figures from Lyon Real. If the economy enters into a recession, Moody's Analytics predicts U.S. housing prices could actually decline by 5% and markets like Boise could see declines upwards of 20%, Fortune has reported. John Burns Real Estate Consulting has a more cynical projection, predicting U.S. home prices will fall in 2023 and in 2024, with the biggest price. The real home, at 14 Aspen Drive in North Caldwell, NJ, was built by Victor and Patti Recchia in the late 1980s; the couple famously put the 4 bedroom, 5,600-square-foot home on the market for $3..
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