Devone Fowler Real Estate Broker

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Don't mistake the current slowdown for the start of a housing crash. Instead, the industry sees recent softening as a re...
10/08/2021

Don't mistake the current slowdown for the start of a housing crash. Instead, the industry sees recent softening as a return to normal.

Don't mistake the current slowdown for the start of a housing crash. Instead, the industry sees recent softening as a return to normal.

“Homeowners continue to respond to lower rates, with refinance activity climbing to the highest level since February 202...
10/08/2021

“Homeowners continue to respond to lower rates, with refinance activity climbing to the highest level since February 2021,” Joel Kan, MBA economist says. Applications to refinance rose 3% last week but remain 8% lower than a year ago

Still, home-purchase applications are 18% lower than a year ago, according to the Mortgage Bankers Association.

Another month, another record-breaking rent price increase. Read the full article to see exactly how much of an ⬆️ since...
10/06/2021

Another month, another record-breaking rent price increase.

Read the full article to see exactly how much of an ⬆️ since 2005!

According to CoreLogic, rent for a typical single-family home increased by 7.5 percent year over year in June.

Do these findings correlate with your home style preferences for your next home design?Check out the age groups that ten...
10/05/2021

Do these findings correlate with your home style preferences for your next home design?

Check out the age groups that tended to show slightly different preferences for interiors and exteriors!

Find out how most envision the perfect property.

The competition in the housing market is showing some signs of easing. More markets are reporting price cuts and fewer b...
10/04/2021

The competition in the housing market is showing some signs of easing. More markets are reporting price cuts and fewer bidding wars. That may open the door to some priced-out home buyers this fall!

Sixty percent of offers faced competition in July—the lowest level since January.

“You can’t buy what’s not for sale, even if your buying power says you can afford it.” Check out the facts and figures i...
10/01/2021

“You can’t buy what’s not for sale, even if your buying power says you can afford it.”

Check out the facts and figures in this interesting economist article!

First American Chief Economist Mark Fleming shares his proprietary Potential Home Sales Model, examining the housing market's performance against its potential.

NAR released a summary of existing-home sales data showing that housing market activity this July inclined 2.0% from Jun...
09/30/2021

NAR released a summary of existing-home sales data showing that housing market activity this July inclined 2.0% from June 2021. July’s existing-home sales reached a 5.99 million seasonally adjusted annual rate. July’s sales of existing homes inclined 1.5% from July 2020

Housing market activity this July inclined 2.0% from June 2021, reaching a 5.99 million seasonally adjusted annual rate.

Find out why the net share of Americans who think it’s a good time to buy a home ticked up in August for the first time ...
09/29/2021

Find out why the net share of Americans who think it’s a good time to buy a home ticked up in August for the first time since March!

A growing number of Americans doubt home prices will keep going up, but they believe mortgage rates will continue to rise.

Lumber prices reached a record high of more than $1,700 per thousand board feet in May. On Wednesday, it averaged about ...
09/28/2021

Lumber prices reached a record high of more than $1,700 per thousand board feet in May. On Wednesday, it averaged about $500. Yearley says that has translated to about $40,000 in savings in building a home.

Other material costs continue to rise. Will buyers see a savings?

Data on both existing home sales and new home sales in July showed that the housing market performed largely as expected...
09/27/2021

Data on both existing home sales and new home sales in July showed that the housing market performed largely as expected, with a slight pick-up in the month but momentum notably down from last winter’s peak activity. Read more below!

Aug 26: The Freddie Mac mortgage rate for a 30-year fixed-rate was up just 1 basis point this week to 2.87%, marking the third week in a row of relative steadiness. With the stock market hitting new highs and investors continuing to digest the July Fed meeting minutes while they await Chair Powell.....

Homeowners are getting creative with rental options. Would you do this with your pool home?
09/24/2021

Homeowners are getting creative with rental options. Would you do this with your pool home?

One owner has hosted 2,700 guests in less than a year and expects to earn $111,000 by the end of the summer.

Mortgage rates hit new all-time low for 15-year loans!
09/23/2021

Mortgage rates hit new all-time low for 15-year loans!

Interest rates for a 15-year mortgage hit new all-time lows amid high sale prices and low inventory. Rates for 30-year loans dipped as well.

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New York, NY
10031

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+19173068394

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