Market Updates

April 6, 2021

Home Sells for $1 Million Over Asking

And Other Crazy Home Sales Stories

We aren't going to sugar coat it; it is a mad mad mad mad housing market right now, especially for Buyers. In the 20-plus years Heyler Realty's team has been in the real estate business, the recent housing market is nothing they ...

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Posted in Market Updates
March 22, 2021

Interest Rates Rising: What That Means for Home Buyers

Despite Rise, Buyers Stay Active

In the past couple of weeks we have seen interest rates rising. According to Freddie Mac, interest rates hit 3.09% for a 3-year fix-rate mortgage last week. Realtor.com economics team predicts that they will eventually hit 3/4% by the end of the ...

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Posted in Market Updates
March 9, 2021

Mortgage Rates Go Up: What Does That Mean?

 

This past week mortgage rates have gone up, with the 30-year mortgage rate sneaking over 3%, which is the first time it has done so since July 2020. According to the Wall Street Journal, when rates fell under 3% last year, it was the first time in 50 years ...

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Posted in Market Updates
March 3, 2021

January Home Sales See an Increase

Another Month of Sales Gains in Housing

January proved to be yet another successful month for single family home sales. Some key takeaways from Los Angeles County and Buyers and Sellers sentiments: 

  • Single family home sales were up 15% in January compared to last year
  • The median price was ...
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Posted in Market Updates
Feb. 10, 2021

Housing Bubble in 2021? Fed Says No

Bust or Boom?

Recently we wrote about the housing market outlook for 2021. Quite frankly, it is a positive one for real estate. Both buyers and sellers believe housing prices will rise this year, and they have been rising steadily since 2012. How much longer can this housing market sustain ...

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Posted in Market Updates
Jan. 5, 2021

2021 Housing Forecast: Another Good Year

2021 Will Be Another Good Year for Housing Market

I think we all can agree that 2020 was a whirlwind of uncertainty, from the pandemic to the election, but one thing stayed constant: the housing market. A slow down in spring had home buyers and sellers on the sidelines, wondering ...

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Posted in Market Updates
Dec. 28, 2020

Housing Market Stays Strong at End of 2020

We are in the midst of both a pandemic and the holiday season, and this time of year most are usually traveling to see loved ones or are spending too much time enjoying the holidays to look for a home. But 2020 has been a different kind of year. And ...

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Posted in Market Updates
Dec. 7, 2020

October Home Sales Stay Up

Once again, the housing market is proving to be a strong one during these unprecedented times. The median price for a home in California dipped slightly in October, but homes sales continue to soar. Here are some interesting takeaways from the California Association of Realtors' October report: 

  • Price per ...
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Posted in Market Updates
Aug. 13, 2019

Mortgage Rates a Mixed Bag This Week

30-year were up, while 15-year fixed rates were down this week.

Per Bankrate.com, "Refinance rates were mixed, but one key rate rose.

The nationwide average for a 30-year fixed-rate refinance climbed, but the average rate on a 15-year fixed slid down. The average rate on 10-year fixed refis, meanwhile ...

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Posted in Market Updates
Aug. 5, 2019

Rates Drop: A Good Time to Refi or Buy

The trade war between China and the United States inspired federal interest rates to drop on Friday. Today the stock market took a turn for the worse in response. What does that mean for a current homeowner? It's time to refinance, according to Bankrate.

And if you are a ...

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Posted in Market Updates