iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results. 24/7 Broker SupportWe take great pride in our World-Class Support. When you need the support, we’ll be here. Free Client Lead
Rates are still above 6.5%, a key affordability threshold.Despite a dip for the third consecutive week, mortgage rates are still above 6.5%—a key affordability threshold—and remain much higher than they were just two years ago. Freddie Mac reports that the 30-year fixed-rate mortgage averaged 6.67% this week. A year ago, rates averaged 5.81%, and in early 2021, they were in the 2% range.The dramatic change in rates has created a “mortgage r
Find out the bright spots that are on the horizon for housing. Existing-home sales increased slightly in May, even as buyers continue to face severely limited options on the market. Total existing-home sales—completed transactions including single-family homes, townhomes, condos and co-ops—rose 0.2% month over month in May, the National Association of REALTORS® reported Thursday. Still, sales are down 20.4% from a year ago as low inventory r
If you're just starting out, here's how to choose your investment property and increase its value for maximum return on investment Whether the amount you can invest is $10 or a million dollars or more, it’s important to understand the fundamentals of real estate investing, how to get started and, most importantly, how to select investments that will yield the maximum return. Brian Davis and Denise Supplee are the founders o
Groundbreaking on U.S. single-family homebuilding projects surged in May by the most in more than three decades and permits for future construction also climbed, suggesting the housing market may be turning a corner after getting clobbered by Federal Reserve interest rate hikes.Still, even with the Fed skipping a rate hike this month for the first time since early 2022, credit conditions remain in the process of tightening, and tha
Curb appeal is important, but more homeowners want a yard that is useful and fun, inspiring movement and play.Outdoor improvements like patios, pools and flower gardens have long been homeowner priorities, but the emphasis on creating an outdoor oasis increased in recent years, largely due to the pandemic. It looks like the trend is here for the long haul as homeowners have rediscovered the power and pleasure of a beautiful and inviting outdoor s
‘A bottom is forming for single-family home building,’ economist says The shortage of previously-owned sales is helping to buoy builders’ confidence. With mortgage rates above 6%, many homeowners find little incentive to sell—nearly 92% have an outstanding mortgage with a rate below 6%, according to a recent survey conducted by Redfin RDFN, -3.04%, a brokerage and real estate listings company. And 23.5% of
Average homeowner equity per borrower dropped by 1.9% in the first quarter of 2023 For the first time in more than a decade, the average U.S. homeowner with a mortgage has less home equity than they did a year earlier.Among the roughly 63% of U.S. homes with a mortgage, average homeowner equity per borrower was $274,070 in the first quarter, down 1.9% from the same quarter last year, according to real estate data tracker CoreLogic.The last t
As inflation decelerates, the potential for lower mortgage rates is becoming a greater possibility.Mortgage rates decreased for the second consecutive week but still remain above 6.5%, a far cry from a year ago, muting any celebration from borrowers. Freddie Mac reports the 30-year fixed-rate mortgage averaged 6.69% this week.The weekly drop comes on the heels of better economic news: The Federal Reserve on Wednesday voted to pause hikes to its b
Several economic indicators are showing improvement, but the Fed warns that two more rate increases are likely this year. That has some economists concerned.Ending a cycle of 10 consecutive rate hikes, the Federal Reserve voted this week to hold off on another increase to its key short-term interest rate. The news fueled hopes that borrowing costs for home buyers could cool in the coming weeks, but only if the Fed continues to pause rate hikes. M
This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.
