US 30-Year Mortgage Rates Average Rises To 3.85 Percent

30 year mortgage rates

Long-term mortgage rates ticked up slightly this week as the average 30-year fixed-rate mortgage rose to 3.85 percent from 3.83 percent a week ago. Mortgage buyer Freddie Mac says the 15-year home loan, often used by homeowners who refinanced their mortgages, also rose slightly to 3.15 percent from 3.13. While near historically low, mortgage rates are higher than they are a year ago. The increase reflects in part the expectation that President Donald Trump and the Republican majority Congress will approve tax cuts that are meant to stimulate growth and…

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How Real Estate Agents Can Capitalize On Big Data For Big Results

real estate predictive analytics

Simple ways predictive analytics can boost your bottom line Big data powers predictive analytics. As the field grows, these massive data sets propel some of the biggest companies in new, unexpected ways. Netflix reports it saves $1 billion each year by optimizing the predictive engine that recommends content and programming to its customers. Google Translate’s reputation is nearly bulletproof now that its predictive algorithm has been retrained to translate in contextual sentences. Airbnb hosts see a fourfold increase in occupancy rates when they set a rental price within 5 percent…

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LI Home Prices Rise As Listings Dwindle, MLS Report Says

long island home prices

Long Island’s dwindling supply of homes for sale drove up housing prices last month. In Suffolk County, the median sales price increased by 6.5 percent compared with the previous August, to $375,000, the Multiple Listing Service of Long Island reported Thursday. Nassau County homes traded for a median price of $515,000, up 6.2 percent from a year earlier. There were 7,345 homes listed for sale in Suffolk last month, down 15 percent from the previous August. In Nassau, buyers had 5,008 listings to choose from, an annual decline of 11.6…

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Highest Recorded Real Estate Transaction in Great Neck Ever

great neck real estate

Angela Chaman of Laffey Real Estate Sells Vista Drive for $4,625,000 Laffey Real Estate is proud to announce the sale of 21 Vista Drive, Great Neck by Angela Chaman for $4,625,000. This 11,000 square foot 12- room Brick Colonial was built by renowned North Shore builders, Rockwell Developers. Set on almost 2/3 acre of picturesque lands sits this 7-bedroom, 7.5 bath estate residing on one of the most coveted streets of tony Great Neck Estates. Three levels of exquisite living spaces include two bluestone patios, second floor balcony off of the Master suite and…

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