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US mortgage giants placed on credit watch; what that means for home buyers
https://www.abcactionnews.com/news/national/us-mortgage-giants-placed-on-credit-watch-what-that-means-for-home-buyers
Frankie Abbruzzino, Realtor
www.RealEstateByFankie.com
https://www.abcactionnews.com/news/national/us-mortgage-giants-placed-on-credit-watch-what-that-means-for-home-buyers
Frankie Abbruzzino, Realtor
www.RealEstateByFankie.com
NAR Research
First-time buyers were responsible for 29% of sales in April; Individual investors purchased 17% of homes; All-cash sales accounted for 28% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 22 days. #Naresh
Frankie Abbruzzino, Realtor
www.RealEstateByFrankie.com
First-time buyers were responsible for 29% of sales in April; Individual investors purchased 17% of homes; All-cash sales accounted for 28% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 22 days. #Naresh
Frankie Abbruzzino, Realtor
www.RealEstateByFrankie.com
Starts this Saturday
For more information click here: https://thesuncoastnews.com/2023/05/gov-desantis-extends-tax-exemption-for-disaster-preparedness/?
For more information click here: https://thesuncoastnews.com/2023/05/gov-desantis-extends-tax-exemption-for-disaster-preparedness/?
Study: 2 Out of 5 Sellers Make Buyer Concessions
By Kerry Smith
In 1Q 2023, 42.9% of sellers made a buyer concession; in 1Q 2022, it was 25.5%. Some do it to keep a transaction moving forward, others to match homebuilders’ freebies.
https://www.floridarealtors.org/news-media/news-articles/2023/05/study-2-out-5-sellers-make-buyer-concessions
Frankie Abbruzzino, Realtor
www.RealEstateByFrankie.com
By Kerry Smith
In 1Q 2023, 42.9% of sellers made a buyer concession; in 1Q 2022, it was 25.5%. Some do it to keep a transaction moving forward, others to match homebuilders’ freebies.
https://www.floridarealtors.org/news-media/news-articles/2023/05/study-2-out-5-sellers-make-buyer-concessions
Frankie Abbruzzino, Realtor
www.RealEstateByFrankie.com
Mortgage Rate Averages 6.57%, Highest In 2 Months
By Alex Veiga
Freddie Mac economist: “The U.S. economy is showing continued resilience which, combined with debt ceiling concerns, led to higher mortgage rates this week.”
https://www.floridarealtors.org/news-media/news-articles/2023/05/mortgage-rate-averages-657-highest-2-months?
Frankie Abbruzzino, Realtor
www.RealEstateByFrankie.com
By Alex Veiga
Freddie Mac economist: “The U.S. economy is showing continued resilience which, combined with debt ceiling concerns, led to higher mortgage rates this week.”
https://www.floridarealtors.org/news-media/news-articles/2023/05/mortgage-rate-averages-657-highest-2-months?
Frankie Abbruzzino, Realtor
www.RealEstateByFrankie.com
Still don’t understand the National Flood Insurance Program’s new pricing methodology? Here’s what you need to know.
https://www.nar.realtor/magazine/real-estate-news/sales-marketing/risk-rating-2-0-takes-effect-what-to-know
Frankie Abbruzzino, Realtor
www.RealEstateByFrankie.com
https://www.nar.realtor/magazine/real-estate-news/sales-marketing/risk-rating-2-0-takes-effect-what-to-know
Frankie Abbruzzino, Realtor
www.RealEstateByFrankie.com
