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Douglas Elliman Property Broker Noble Black emphasizes the factors that cause the sale of New York City luxury and cause the role of returning to the return and play a role.
The US housing market has been entering the most recipient-friendly spring since the Covid-19 pandemia, according to the property specialist.
Realtor.com, Joel Berner, a high economist, said that this was the slowest annual years for buyers since 1996, the slowest year of the firm.
The growing inventory, which is more balanced than a seller market of the apartment market, exceeds the more price decreases, in the market to a lower level from existing recipient friendly terms.
According to Realtor.com, these housing markets were the hottest in January.
“Regardless of mortgage ratesOf course, we see the things that move in one direction in a direction, “he said.
Mauricio Umansky, the founder of the billion dollar real estate broker, does not expect the same level for buyers during the 2008-2009 housing crisis, as well as assigned to the market of the housing market.
Like BYNER, Umansky said that the current market conditions preferred the buyers, saying that the buyers preferred, “the recipients are great opportunities to write and write strong proposals.
Mauricio Umansky does not expect 2008-2009 to see the same level for buyers during the apartment crisis. (By Patrick T. Fallon / AFP) (through Getty IMAGS by Patrick T. Fallon / AFP) / Getty Images)
“2025 is now a better choice for the people, for the people, more choices for the people, people and better prices for people … it can be a good time to be outside,” Berner said.
Said umansky Inventory begins to rise As a result, with the consideration of the price, “the sellers became even softer.” Currently, Umancsy said that some of the prices will be some decline in questioning.
Homebuilders are concerned about affecting new tariffs and material expenses
In the last three years, when you want to sell higher mortgage ratios, pandemics, restrict the supply and refusing several options for buyers, it has created a “golden handcuff” as lanks locked with 3% or less mortgage speeds.
Berner said the company is The original 2025 forecast Pegged interest rates to fall in the range of 6% by the end of the year. According to Freddie Mac, the average rate in a 30-year-old mortgage is currently 6.63%.
“Walking force was really in the last few years. Indeed, the underscigrant effect is not in the mortgage rate, we can say that the effect is dead.” “I think that we are many people waiting for the market and wait for mortgage rates, but at some point, in the last two years, including jobs, jobs and people, but do not decide.”
According to Freddie Mac, the average rate in a 30-year-old mortgage is currently 6.63%. (Reuters / Sarmoiger / File Image / Reuters pictures)
February’s apartment data of Realtor.com, the share of the rising houses in which the sellers are more slowly adjusted to market conditions, because the share of the rising rises increased significantly.
The higher mortgage rates in the last three years have created a “golden hand kit” effect in the housing market. (Justin Sullivan / Getty Images / Getty Images)
According to the report, the number of houses sold in the 16th straight month in February a year ago increased by 27.5%.
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According to reports, the number of houses sold, including houses based on the contract, increased by 18.2%. The houses also spent 66 days in the market, which was longer than last year.
Said the gap between Umansky Ask the price More recipients are offered lower because the selling price is expanding. While this trend continues, the sellers will need to reduce home prices to sell.
