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Home Sales Pace Cools in June, but Prices Continue to Climb: Re/Max Report
Good news for the US property market as mortgage rates continue to drop. The Federal Reserve may cut interest rates even earlier.
Last week, the mortgage interest rates in the USA dropped to the lowest level since March, which is a relief for potential homebuyers and the industry that seeks to stimulate demand.
House Prices up Year-on-year for Third Month in a Row in May
House prices increased year-on-year for the third month in a row in May, according to official figures.
Daily real estate industry news summary (2024-07-17)
Since the new real estate policy was introduced, housing loan rates have continued to hit bottom in various regions. The cancellation of the lower limit of the housing loan interest rate policy has resulted in different banks in some regions having different housing loan interest rates. Currently, the lowest housing loan interest rates in most regions have dropped to 3.5% or below. Industry insiders believe that housing loan interest rates are currently at historical lows, and the possibility of another cut in the third quarter of this year seems unlikely.
Zillow Group to Announce Second-Quarter 2024 Results Aug. 7
Zillow Group, Inc. (Nasdaq: Z and ZG) today announced it will release second-quarter 2024 financial results after market close on Wednesday, Aug. 7,...
Sellers Increasingly Cutting Home Prices Amid Rising Inventory, Zillow Says
A bigger share of US home sellers lowered prices of their units in June as rising inventory led to increased competition, Zillow (Z, ZG) said in a report released Tuesday.Nearly one-quarter of home