How will rising mortgage rates affect local buyers?

Rising mortgage rates were mentioned by nearly every real estate expert as something to keep an eye on in the new year. Now, there's a tool you can use to get an estimate of just how much those rising rates might increase monthly payments in the Birmingham area. The National Association of Realtors offers a breakdown of how much monthly mortgage payments could change in each county. "Mortgage rates are still historically low, but crossing over from the 3 percent range to 4 percent range raises…

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NEFAR: Northeast Florida has best sales year in decade

The number of homes sold in Northeast Florida in 2016 came in at 27,873, which is more than the area has seen in over a decade, according to the Northeast Florida Association of Realtors. The number of homes sold in 2006 was 26,861. For the year, Northeast Florida's average days on market was 76, the median sales price was $185,000 and the average sales price was $227,000. The five areas that saw the greatest percent increase in closed sales from 2015 were: Ponte Vedra/Nocatee in St. Johns County,…

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ABQ home sales end on positive note in 2016

Albuquerque home sales their streak in 2016 in December according to a report from The Greater Albuquerque Association of Realtors. The Albuquerque metro area saw 875 home sales close in the month, compared to 845 in December 2015. For the year, 11,021 single-family detached homes were sold, a 7.6 percent increase from the previous year. Homes were also on the market for fewer days — 59 days. Another highlight in the report was the going sale price. The median sale price for homes sold in December…

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High-end home sales in Toronto set to dominate for 3rd year: Sotheby's - CBC.ca

Sotheby's International Realty Canada says Toronto is poised to lead the country in high-end home sales for the third consecutive year. The latest report from the realtor showed sales of homes worth $1 million or more in the Greater Toronto Area rose ... and more »

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Bank mogul Andy Beal puts former Hicks estate on market for $48.9M

It's only been a year since bank mogul Andy Beal bought the former Hicks estate in Preston Hollow, which was widely marketed for $100 million — yet it was time to put it on the market. This time, Beal has priced it at $48.9 million. The billionaire owner has hired the Realtor that sold him the 25-acre estate in the prestigious Preston Hollow neighborhood, Allie Beth Allman. She has begun marketing the property, which is also known as the Crespi estate, after putting it on MLS. At the time Beal…

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These were Louisville's hottest areas for home sales in 2016

All the numbers aren't in yet, but 2016 shaped up to be a very good year for residential real estate in Louisville. For the year through November, home sales by members of the Greater Louisville Association of Realtors were up 8.4 percent, to 16,302 homes, and the average price of homes sold was up 3.5 percent, to $197,030. The association has provided us with a list of the 20 ZIP codes where GLAR members participated in the most home sales last year. The accompanying slideshow shows the number…

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Riverfront mansion for sale for $3 million in Avondale

A 6,000-square-foot mansion is for sale in Avondale along the St. Johns River is for $3 million. The property, 1870 Challen Ave., includes a boat dock and is located two blocks from the retail center of Avondale. The house was built in 1927, according to the Realtor, and has five bedrooms, five baths and a half-bath. Ted Miller with the Fred Miller Group Inc. listed the property. He can be reached at 904-463-1731.

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