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Slowing Inflation Suggests Mortgage Rates have Topped Out

NAR’s chief economist shares what now needs to happen to bring down borrowing costs and increase affordability for home buyers.Inflation eased slightly in July, which could bode well for the housing market in the months ahead, says Lawrence Yun, chief economist for the National Association of REALTORS®. Overall, inflation slowed from 9.1% in June to 8.5% in July, but prices for food and rent continued to climb, the Bureau of Labor Statistics

Eviction Rate Returning to Pre-Pandemic Level

Even before she lost her job this past spring, things were tight for Nikki Cox. She worked as a service representative at an insurance company in North Carolina and had been making $20 an hour. Half of her income went to rent."If I did have something left over, it might be about a hundred [dollars], maybe," she says. But even that "would buy my groceries and my necessities."It left Cox in trouble when her company's business dropped and her hours

Welcome to the Team Carrie Perry Dealing the Orange County Area

iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.Click here for information on becoming a salesperson.

Mortgage Rates Dip Below 5%

The average monthly mortgage payment has fallen 12% reduction in just two months as high borrowing costs moderate, says NAR Chief Economist.After weeks of escalating borrowing costs, home buyers are getting a second chance to lock in lower rates. The 30-year fixed-rate mortgage fell to an average just below 5% for the week ending Aug. 4, Freddie Mac reports.With rates dipping in recent days, mortgage applications are increasing for the first time

Unique Luxury Homes that Dazzle

Netflix reality series dazzles viewers with architectural gems from around the world.If you could build the house of your dreams, what features would you include?An abundance of bedrooms and baths? A state-of-the-art kitchen? An indoor pool?What about a hidden entrance, an in-house café, or a custom garage for your fleet of luxury cars?In Netflix’s new reality documentary series, the UK import “The World’s Most Extraordinary Homes,”

REALTORS: Endeavor & Achieve with us

   iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.SOME OF OUR BENEFITS INCLUDE 24/7 Broker SupportWe take great pride in our World-Class Support. When you want the support, we’ll

Home Prices Remain Above 2021 Levels

Rising mortgage rates and inflation in the wider economy caused housing demand to drop sharply in June, forcing home prices to cool down.Home prices are still higher than they were a year ago, but the gains slowed at the fastest pace on record in June, according to Black Knight, a mortgage software, data and analytics firm that began tracking this metric in the early 1970s. The annual rate of price appreciation fell two percentage points from 19.

Welcome to the Team Pedro Damian Dealing the DFW Area

iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.Click here for information on becoming a salesperson.

Is your Home Recession-Proof? Why House Prices Might Not Fall in your Area

While home prices are still reportedly increasing, to the dismay of many aspiring buyers, experts believe this trend will not continue forever. In fact, there are signs that the housing market is already slowing down, as sales for new and existing homes have started to drop.Dennis McGill, director of research at housing market research and analysis firm Zelman & Associates, told Newsweek that he believes that the housing market