• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

Low mortgage rates could mean another hot winter in the housing market

Is January the new April for real estate? (Credit: iStock)
Is January the new April for real estate? (Credit: iStock)

Homebuyers and sellers are getting an early start to the spring housing market.

Between 2015 and 2018, April was the hottest month of the year on Realtor.com, but January was the hottest in several markets across the country last year, according to a report by NBC.
Mortgage rates have fallen a full percentage point since October 2018 to around 3.7 percent, so there could be a repeat of last year. Low interest rates are bringing more buyers to the market.

“There’s even some talk that [interest rates] might go a little bit lower,” said Corey Burr of Washington D.C.-area’s TTR Sotheby’s International Realty. “But if I were a buyer right now, I’d be very satisfied with a 30-year mortgage at three and a half percent.”

Markets around the nation’s largest metros, including the Bay Area, Boston, and Washington, D.C. are among the most competitive in the country. Activity around the nation’s capital has been particularly strong since Amazon announced it would open a campus in Crystal City in late 2018.

The national market overall however is less competitive than it’s been in recent years. Only 12 percent of offers on Redfin faced bidding wars last year, compared to 48 percent in 2018 and 53 percent in 2017. [NBC] — Dennis Lynch

The post Low mortgage rates could mean another hot winter in the housing market appeared first on The Real Deal Los Angeles.

Powered by WPeMatico

  • 26 January 2020
  • The Real Deal
  • Uncategorized
  •  Like
Inside Akon’s 2,000-acre crypto-city in Senegal →← Mysterious billionaire who bought $262M London mansion is obsessed with blockbuster real estate deals
  • Recent Posts

    • Hoteliers sound the alarm on looming distress  May 24, 2025
    • Growth markets see retail boom even with tariff uncertainty May 24, 2025
    • Westchester resi project gets city OK after union drops objection May 23, 2025
    • WATCH: ‘Father of CMBS’ Ethan Penner to run for governor of California May 23, 2025
    • Fashion Island office fetches $756 psf May 23, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM