NCJAR News
Calling all real estate enthusiasts! Save the date – September 28, 2023, at 10 AM EST – for an exclusive virtual journey to Portugal's real estate scene.
What to Expect:
- Investment Insights: Discover Portugal's investment opportunities, prime locations, and property types for high returns.
- Trends & Dynamics: Stay updated with the latest market trends and understand the legal aspects of property ownership in Portugal.
- Meet the Experts: Benefit from the expertise of Portugal International Realty (PIR) and Portuguese Real Estate Professionals and Brokers Association (APEMIP).
- Interactive Q&A: Get answers to your burning questions about investing in Portugal.
Higher mortgage rates, along with elevated sales prices and a lack of housing inventory, have continued to impact market activity during the summer homebuying season. The average 30-year fixed-rate mortgage has remained above 6.5% since May, recently hitting a two-decade high in August, according to Freddie Mac. As a result, existing-home sales have continued to slow nationwide, dropping 2.2% month-over-month as of last measure, with sales down 16.6% compared to the same time last year, according to the National Association of REALTORS® (NAR).
- Single Family Closed Sales were down 30.2 percent to 1,744.
- Townhouse-Condo Closed Sales were down 34.9 percent to 408.
- Adult Communities Closed Sales were down 16.4 percent to 56.
Get ready for an exclusive deal! The CE Shop is offering a massive 40% discount on all real estate and mortgage products for TWO days ONLY:
Join us at the 17th Annual Global Real Estate Summit NYC, a prestigious gathering hosted by 10 Regional, State, and National REALTOR® Associations. The Global Summit is where industry leaders and top global practitioners convene to explore the latest trends and opportunities in the dynamic world of real estate.
Be Inspired by Our Keynote Speaker:
Delve into the intricate tapestry of Global Cultures and Cross Border Negotiations as our keynote speaker shares their insights.
Gain Valuable Insights:
Our featured speakers will shed light on the transformative impact of Artificial Intelligence and Sustainability in the real estate sector.
