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REAL ESTATE UPDATES DECEMBER 2020
2020 has been a challenging year. With so much happening across the country, you might be wondering how the current crisis is impacting real estate trends.
Whether you’re selling, buying or staying put, here's a roundup of the latest.
HOUSING INSIGHTS
Mortgage rates hit another record low for the thirteenth time this year. Following the trend of the 10-year Treasury yields, the 30-year fixed-rate mortgage fell by 12 percentage points to an average of 2.72% from 2.84%.
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"A market defined by intense demand for relatively tight supply pushed both month-over-month and quarterly home value growth to levels not seen since 2005. And sales and price growth are expected to remain elevated well into 2021."
-Matthew Speakman, Zillow Economist
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