9 Articles
9 Articles
Asking prices cut to beat SDLT deadline | Today's Conveyancer
Market analysis indicates home sellers whose property could be considered prime targets for first time buyers have cut asking prices in order to capitalise on the rush to buy before the current stamp duty reliefs finish on 31st March 2025; after which the threshold reduces from £250,000 to £125,000, with a 2% charge applying on the next £125,000 portion from £125,001 to £250,000. The research was conducted by GetAgent.co.uk and suggests that alt…
Summertime Sales Fare Better for Homebuyers & Sellers - The MortgagePoint
"In the past few years, mortgage rate fluctuations upended the traditional spring home shopping season," said Orphe Divounguy, Senior Economist at Zillow. "When rates fall, more buyers rush in, putting upward pressure on prices, which could happen at any time of year."
Mortgage Rates Hit Lowest Point So Far This Year - Silicon Valley Real Estate News
If you’ve been holding off on buying a home because of high mortgage rates, you might want to take another look at the market. That’s because mortgage rates have been trending down lately – and that gives you a chance to jump back in. Mortgage rates have been declining for seven straight weeks now, according to data from Freddie Mac. And the average weekly rate is now at the lowest level so far this year (see graph below): While that may not sou…
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