December 31, 2024 - 02:36
Statewide real estate leaders have identified adjusted mortgage rates as a significant factor influencing the fluctuations in the residential real estate market during November. As mortgage rates experienced changes, potential homebuyers and sellers reacted accordingly, leading to a notable shift in market dynamics.
Many experts observed a slowdown in home sales as higher borrowing costs made it more challenging for buyers to enter the market. This shift has prompted sellers to reconsider their pricing strategies, resulting in a more competitive landscape. While some areas saw a decrease in activity, others experienced resilience, showcasing the varied responses across different regions.
Additionally, real estate professionals noted that the overall inventory of homes available for sale has remained relatively low, which continues to exert upward pressure on prices despite the changing mortgage landscape. As the market adapts to these new financial conditions, stakeholders are keeping a close eye on future trends, anticipating further adjustments in both buyer behavior and pricing strategies in the months to come.
July 10, 2025 - 19:37
Boston's Life Sciences Real Estate Market Begins to StabilizeBoston — After more than a year of sluggish demand and an oversupplied market, Boston’s life sciences real estate sector is showing early signs of stabilization and renewed optimism. According...
July 10, 2025 - 01:57
Real Estate Leaders Rally Behind Mayor Adams Amid Rent Freeze ProposalsWall Street and real estate leaders are mobilizing support for Mayor Eric Adams following Mamdani`s primary victory and proposals for rent freezes and increased taxes. The recent political...
July 9, 2025 - 03:26
Investigation Launched into Tampa Real Estate Firm Over Allegations of Deceptive PracticesJames Uthmeier has issued subpoenas to prominent online real estate influencers Brandon `Dutch` Mendenhall and Amy Vaughn amid a growing investigation into a Tampa real estate investment firm. This...
July 8, 2025 - 01:44
Slow Start for High-Rise Condo Sales in 2024The high-rise condo market experienced a sluggish sales season this year, with only 148 closings recorded in the first quarter. This figure marks a decline from 168 closings in the same period last...