US Home Sales Hit Record Low as Pending Deals Decline
According to the latest data, home sales in the United States fell to a record low in January 2023, reflecting the ongoing impact of rising mortgage rates and high inflation. Market research indicates that the number of pending home sales dropped by 9% compared to the previous year, marking the lowest level since record-keeping began. Real estate experts point out that continuing economic stress is putting pressure on consumers, which in turn affects housing demand.
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Millions in Real Estate: How Artificial Intelligence is Becoming a Real Agent
In recent years, artificial intelligence has firmly entered our lives, and now it has reached a new level in the real estate sector. Landis Technologies has developed an AI agent that has earned over $14 million in the past two years. This agent has become a true revolution in the real estate world, automating many processes and allowing buyers to find suitable housing options faster and easier.
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Mortgage Rates Update: Overview for February 20, 2025
As of February 20, 2025, mortgage interest rates continue to significantly impact the real estate market. Recent data shows that rates are reaching record highs, forcing potential buyers and homeowners to rethink their financial strategies. Many experts indicate that the current market conditions are more than just fluctuations, representing a second wave of upcoming changes following the recent rate hikes by the Federal Reserve.
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New Foldable Home: Unique Tiny House for $20,000 That Can Be Set Up in Just 1 Hour
A remarkable product has emerged in the housing market – a compact foldable home priced at $20,000. This tiny house features a unique design that allows for quick and easy setup. In just one hour, you can unfold a comfortable living space, suitable for both vacationing and permanent residency.
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Decline in Existing Home Sales Amid Market Changes
In recent months, there has been a noticeable decline in existing home sales in the United States, hitting the lowest level in nearly 30 years. Specifically, August 2023 saw a further drop in sales measured on an annual basis, tracking a worsening market condition.
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Rising Mortgage Rates: What to Expect in January 2025
According to the latest forecasts, mortgage rates in the United States are likely to remain at high levels throughout January 2025. Experts expect that the average rate for 30-year fixed mortgages will remain stable but elevated, which could negatively impact housing affordability for many potential buyers.
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Mortgage Market Developments: Rising Rates in January 2025
According to the latest data published on January 16, 2025, mortgage rates continue to rise, creating challenges for potential homebuyers and renters. The real estate market remains tense, prompting real estate agencies and economists to reassess their forecasts for the upcoming months. Rates for 30-year fixed-rate mortgages have reached their highest levels in several years, which may lead to a decrease in demand for residential properties.
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First Steps to Home Buying: The Best Cities for New Buyers in 2025
In 2025, the real estate market will present a unique opportunity for first-time homebuyers. Experts predict that as housing becomes more affordable and interest rates decline, certain cities will become particularly attractive for these buyers. Several key factors have been highlighted that will make these cities especially appealing.
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Mortgage Rates on the Rise: What to Expect in December 2024?
According to recent data published on December 19, 2024, mortgage rates in the United States continue to remain elevated. Analysts note that recent changes in economic policy, along with fluctuations in financial markets, have significantly impacted the cost of borrowing for those looking to purchase a home.
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Housing Market Forecast for 2025: Which Cities Will Rise to the Top?
According to a new forecast by a research company, among over 400 real estate brands in the United States, the leading cities in the housing market dynamics for 2025 are set to be revealed soon. Specifically, the research authors analyzed data on price growth, housing affordability, and demand for real estate to determine which cities will be at the height of popularity among buyers.
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