▫️US Army▫️ Agent in South Florida. Passion for Sports, Real Estate, & Life.
Miami, FL
Joined March 2020
- Tweets175
- Following239
- Followers95
- Likes124
Justin Kirkwood retweeted
The average 30-year fixed mortgage rate today: 6.67%
Same day last year: 7.07%
-----------------
10-year Treasury yield today: 4.23%
Spread today: 244 bps
Justin Kirkwood retweeted
San Antonio resale listings have hit new all-time highs, even exceeding the distressed days of subprime. Been watching this market cool the last few years but still wasn’t expecting to see resale supply at these levels without some sort of economic correction as a catalyst.
Justin Kirkwood retweeted
Now that we know who won, it’s important to remember how each administration has the power to put its stamp on housing via key appointments and policy nudging across the key agencies below.
Justin Kirkwood retweeted
The average 30-year fixed mortgage rate today: 7.10%
Range this calendar year: 6.11% <---> 7.52%
Spread: 275 bps
Justin Kirkwood retweeted
Bloomberg: Warning signals are flashing for homeowners in Texas and Florida as property taxes and insurance costs spike, foreclosure filings are rising
bloomberg.com/news/articles/…
Justin Kirkwood retweeted
12 of Florida's 28 major housing markets have exceeded pre-pandemic inventory levels
Tampa, Cape Coral, North Port, Orlando, Homosassa Springs, and Port St. Lucie are VERY close to doing so
Justin Kirkwood retweeted
The effective mortgage rate among outstanding mortgages by state 👇
resiclubanalytics.com/p/navi…
Justin Kirkwood retweeted
The story of housing golden handcuffs: Illustrated through one chart
86.6% of outstanding mortgages have a rate below 6.00%
resiclubanalytics.com/p/stor…
Justin Kirkwood retweeted
Back to a 7 handle
The average 30-year fixed mortgage rate jumps to 7.05%
Spread: 272 bps
Justin Kirkwood retweeted
Housing market affordability is so strained and difficult to fix that politicians are resorting to scapegoating
Up first: Realtors
Listen to my convo with @cvpayne on @FoxBusiness:
foxbusiness.com/video/634975…
Justin Kirkwood retweeted
FINALLY. An article about the NAR settlement written by someone who knows what the heck he's talking about.
The deal will not render transacting real estate almost free, protect consumers, or make homeownership affordable once again, he writes.
heraldtribune.com/story/opin… – at Richmond, VA
Justin Kirkwood retweeted
Homeowners in these five states saw the biggest surges in property taxes paid from 2019 to 2023:
Wyoming: +41.0%
Florida: +34.9%
Indiana: +34.7%
Georgia: +34.0%
Kansas: +33.0%
resiclubanalytics.com/p/one-…
Justin Kirkwood retweeted
In February, the metros that saw the most inventory growth included Orlando (+38.5%), Miami (37.4%), and Tampa (36.3%). Despite higher inventory growth compared to last year, most metros still had a lower inventory when compared to pre-pandemic years. realtor.com/research/februar…
Justin Kirkwood retweeted
The housing market is like a Hot Pocket taken out of the microwave too early. It’s somewhat hot, but it’s sort of frozen too.
Justin Kirkwood retweeted
Mortgage rates are nearly a percentage point below the 2022 peak of 7.08%. Lower rates are boosting housing demand. on.barrons.com/3iWIOxP
Justin Kirkwood retweeted
Mortgage rates in the US decreased for the second week in a row, reaching a four-month low trib.al/drvXzgr
Justin Kirkwood retweeted
Location, Location, Location!
“Palm Beach’s wealthy home-sellers are scoring major profits, with some properties changing hands in recent weeks for nearly double what they went for just a year or two ago.”
@business
