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They accounted for just 30% of all homes sold last month. That’s up from 27% in October, but down from 31% in November last year. First-time buyers have accounted for 40% of sales historically.
While the 30-year mortgage remains a popular way for Americans to purchase homes, you can find terms of 20 years, 15 years and 10 years. Shorter loan terms usually come with lower interest rates ...
A real estate trend is any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. This phenomenon can be a result of the economy, a change in mortgage rates, consumer speculations, or other fundamental and non-fundamental reasons.
Average mortgage rates for popular terms are finally inching down week over week as of Monday, December 2, 2024, with the 30-year fixed purchase rate retreating from 7.00%.
A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g., in the case of conveyance, one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred ...
This location came under scrutiny when the property was hastily processed for sale to non-profit organization from New Jersey in the summer of 2017. In the Spring of 2018 the property was transferred to a local social services company, and is proposed to become their new community outreach and commercial center.
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