Luxury House Flipping Is on the Rise, but Still Lower Than Before the Recession

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Luxury house flipping has increased throughout the U.S. In 2018, 2.6% of homes valued at over $1 million were flipped, compared to 2.2% the previous year.

The post Luxury House Flipping Is on the Rise, but Still Lower Than Before the Recession appeared first on Real Estate News & Insights | realtor.com®.

The Average Adjustable-Rate Mortgage Is Nearly $700,000. Here’s What That Tells Us.

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The size of the average adjustable-rate mortgage was $688,400, two and a half times larger than last week’s national fixed-rate mortgage average.

The post The Average Adjustable-Rate Mortgage Is Nearly $700,000. Here’s What That Tells Us. appeared first on Real Estate News & Insights | realtor.com®.

Home Buyers Can Rejoice While Sellers Sweat for This Important Reason

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After a crazy few years of bidding wars and offers over asking price, the slowing real estate market is making it easier for buyers to find the homes of their dreams.

The post Home Buyers Can Rejoice While Sellers Sweat for This Important Reason appeared first on Real Estate News & Insights | realtor.com®.

Pending Home Sales Tumble to Lowest in Nearly Five Years in December

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Pending-home sales slid 2.2% in December to a reading of 99, and were 9.8% lower compared to a year ago, marking the 12th straight month of annual declines.

The post Pending Home Sales Tumble to Lowest in Nearly Five Years in December appeared first on Real Estate News & Insights | realtor.com®.