Small Businesses Are Ecstatic. Homebuilders Are Upset And Have No Hope. Good Vibes Only In Us Markets.Read More
Existing Home Sales Continue To Fall
U.S. home sales fell for a third straight month in June as a persistent shortage of properties on the market pushed up house prices to a record high, likely sidelining some potential buyers.
Mortgage rates were generally unchanged today, prolonging an exceptionally flat trend. Over the past 3 weeks, the average mortgage seeker will not have seen a change in the interest rate attached to their loan.Read More
Mortgage Rates Flat Ahead of Potential Volatility
Mortgage rates were steady again last week, holding on to the improvements seen following a surprise "flash rally" in bond markets. Such flash moves always create the risk that rates will experience a correction that takes them quickly back in the other direction, so Friday’s "flat" performance is actually fairly positive in the bigger picture.Read More
The Sotheby’s International Realty brand’s YouTube channel has reached an unprecedented milestone; we became the first, and only, real estate company channel to have more than 100,000 subscribers.
Along with leading the industry’s presence on YouTube, the Sotheby’s International Realty brand joins an elite group - out of 50 million channels on the platform, only 0.1% have reached 100K subscribers.Read More
As first time homebuyers, my husband and I were told by so many people how stressful, frustrating and heart-breaking the house hunting process could be. Jeffrey made the entire experience seem effortless. He was there to answer every single question we had, no matter how many times we asked the same question. Even the listing agent for the house we purchased had nothing but glowing things to say about Jeffrey’s hard work, commenting on how professional he was and how uncomplicated he made the entire process. We are ecstatic with our new home and wish we could list every single thing we loved about working with Jeffrey...but that would be a very long list! So, we’ll simply say, Jeffrey is the very best. - Amy M., Music ExecutiveRead More
Sotheby's International Realty is the first real estate brand to launch and implement a virtual staging AR app, transforming the home buying and selling experience for sales associates and clients.Read More
Amid the barbecuing, beach trips, blockbuster movie releases, and other unofficial-start-of-summer hoopla, it can be easy to forget what Memorial Day is actually all about. Observed on the last Monday of May, you're probably aware that the holiday honors the men and women who have died while serving in the U.S. military. But how much do you actually know about the holiday and its origins?
Here, are a few Memorial Day facts that you might not have known:Read More
Mortgage Rates Struggling to Improve
Mortgage rates weren't able to extend its winning streak Friday - at least not in any significant way. The unwillingness to improve is part of a phenomenon in the broader bond market (which is responsible for "interest rates" in general).Read More
As expected the Fed left rate unchanged last Wednesday. In the statement, Fed officials acknowledge that inflation is close to target. Right now there are no signs that the Fed will veer from the gradual path of interest-rate increases.Read More
Mortgage rates moved lower last week. That said, rate sheets have been very stratified between lenders during the recent spat of volatility. In other words, even if two lenders were similarly-priced one day, they might not be the next. Compared to last Wednesday (highest rates for the week), Friday's rates are nearly an eighth of percent lower.Read More
A little different twist this week. Here is a short essay from Steve Sjuggerud, author of True Wealth newsletter that has proven his predictions have been pretty much right on…
THE MOST IMPORTANT NUMBER IN FINANCE IS MOVING HIGHER AGAIN...Read More
Are you considering an adjustable rate mortgage? Here are the pros and cons...
With interest rates on home loans climbing, homebuyers — or homeowners looking to refinance — might be tempted by the lower initial cost of an adjustable-rate mortgage.Read More
Mortgage Rates Near 2-Month Lows After Jobs Report
Mortgage rates moved back down after a much weaker read on job creation from the Labor Department reported last Friday. In general, weak economic data tends to push investors away from stocks and toward safer-haven assets like bonds. Excess bond-buying demand causes bond prices to rise and rates to fall.Read More