Real Estate, Updates, News & Tips - Renato Primo - iPro Real Estate

Manhattan Luxury Real-Estate Market Heats Up

Rising stock market, fading recession fears fuel sales to wealthy New Yorkers New York City’s luxury residential market is gaining momentum after stumbling early in the year, another sign that pockets of the U.S. housing market are stirring to life despite high mortgage rates. Manhattan’s most expensive homes posted their second-best June for contracts signed since at least 2006. Signs of a potential turnaround have defied expectati

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U.S. Housing Market is Showing Remarkable Resilience

The average home buyer may be frustrated by high home prices. But like it or not, the housing market is on the up The housing market may feel out of whack to home buyers coping with fast-rising home prices and 7% mortgage rates. But like it or not, the housing market is in the pink. Several economic indicators that measure housing activity — from home prices to sentiment surveys — show that home builders and sellers (the few that are out

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US Home Price Growth Plunges to Lowest Level in More than a Decade

US home price growth plunges to lowest level in more than a decade Annual home price growth dropped below 2 percent for the first time in 11 years as elevated home prices and mortgage rates continued to inhibit buyers and sellers, according to data released Tuesday by CoreLogic.Single-family home price growth slowed to an annual increase of 1.4 percent in May after increasing 2 percent a month earlier, according to the da

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Private Sector Companies Added 497,000 Jobs in June, More than Double Expectations, ADP Says

The U.S. labor market showed no signs of letting up in June, as companies created far more jobs than expected, payroll processing firm ADP reported Thursday.Private sector jobs surged by 497,000 for the month, well ahead of the downwardly revised 267,000 gain in May and much better than the 220,000 Dow Jones consensus estimate. The increase resulted in the biggest monthly rise since July 2022.From a sector standpoint, leisure and hospitality led

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Mortgage Rates Hit New 2023 High on Strong Economic Data

Strong jobs numbers and GDP growth have bond market investors convinced it's all but certain the Federal Reserve will resume rate hikes this month More good news about the economy is sending mortgage rates soaring to new 2023 highs this week, with the Federal Reserve all but certain to resume rate hikes this month after pausing in June.Fed policymakers are focused intently on the tight job market and rising wages as drivers of inflation. So a&nbs

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Average Home Sells Above Asking Price for First Time Since Last Year

The average sale price nationwide just exceeded 100% of list price for the first time since August of last year, according to a new market report from Redfin released on Thursday Since September, homesellers have consistently found themselves in an uncomfortable spot.They’ve been getting plenty of offers from buyers. That hasn’t been the issue. But on average, final sale prices have come in below the original asking price at listing.That is,

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Skyrocketing Cost of Living Threatens Austin’s Status as Live Music Capital of the World

For more than a decade, the Austin area has been the fastest-growing large metro region in the country. That explosion has brought sweeping changes to the Texas capital and its renowned music scene. Laura Barrón-López reports for our arts and culture series, CANVAS.Source: pbs.org

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Welcome to the Team Lorraine Rolon Dealing the Inland Empire

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.

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Inflation Keeps the Housing Market Afloat

At the end of last year, I made some guesses about the housing market in 2023. Well, here we are, six months into the new year and how did those predictions turn out? I spoke with economist Kathryn Rooney Vera, Chief Market Strategist, StoneX and we had a freewheeling conversation about the housing market and I’ll combine her observations with an evaluation of mine from last year.Rooney Vera recently joined StoneX as its chief ma

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