Real Estate News and Auction

1 likes, 0 comments - arizonaflatfeemls on January 19, 2025

The Freddie Mac rate for a 30-year mortgage held steady, falling by 2 basis points to 6.85% this week.

The Arizona association had been facing the loss of its charter after offering a discounted, non-Realtor membership option that included MLS access.

ZILLOW SHOWCASE SELLS FASTER

Did Your Listing just Expire

I attended Day 1 of the One Rental at a Time (ORaaT) conference in Las Vegas. The real estate conference incorporated guest speakers, Q&A, and networking.

Florida remains a buyer’s market, with five of the top ten cities most favorable for buyers being located in the Sunshine State.

TRENDS

Thirty-year mortgage rates ticked down this week but are still stuck above 7 percent, according to Bankrate's latest lender survey.

Jason Oppenheim begged for more police in Los Angeles after his "Selling Sunset" co-star was burglarized and said LA doesn't feel safe due to "crime" and "homelessness."

In addition, it takes the average home 56 days to go under contract, the longest in nearly five years.

The lack of people in the market to build a new home has affected homebuilding numbers. It sank in February to a five-month low due to uncertainty about tariffs. 

The Trump Administration's mass layoffs across the federal government have created plenty of fear and uncertainty, especially concerns over the housing market.

A Scottsdale property that was custom-built by a basketball fanatic is offering one wealthy sports fan the chance to own a piece of paradise.

AVE MONTHLY USE

“Demand for our homes continues to be supported by our affluent customer base,” Toll Brothers chief executive and chairman Douglas Yearley said on an earnings call on Wednesday.

A new analysis from Nariet shows REITs have performed well in both high and low interest rate environments.

Cash for your Home

Mortgage rates fell for a fifth week in a row but remain elevated near 7%, Freddie Mac said on Thursday. The average rate on a 30-year fixed mortgage is 6.85%.

This is what stuck for me: Who you surround yourself with — your "social sphere," as one speaker referred to it — matters.