June Compass Curated

  • Jessica Philpot
  • 06/17/20

Luxury News

 

United States Market Recovery 

According to national data from the Mortgage Bankers Association, applications for purchase loans were up 15% over last week, the eighth straight week of growth.

 

New Yorkers Head South, Permanently

Forbes notes that New Yorkers are relocating at a staggering rate of 270 per day to Florida, primarily for the warmer weather, tax benefits, & affordable housing.

 

Historic Low For Mortgage Rates

For the first time in history, the average interest on a 30-year fixed rate mortgage has fallen below 3% while most loan approvals remain stringent, states CNBC.

 

Southern California Doesn't Skip A Beat

Amid the current pandemic and social climate, Southern California saw more than 10 properties come to market for over $30 million within the past 30 days.

 

Hamptons Luxury Rental Market Skyrockets

As wealthy city dwellers flee to summer hot spots like the Hamptons, rental prices have soared with rates as high as $600,000 per month for luxury properties.

If you'd like to learn more about our Luxury Division, any of the properties above, or have questions about the market, reach out.

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The information contained herein does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. All of the financial projections and/or conclusions are provided for illustration purposes only. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This represents an estimated sale price for this property. It is not the same as an opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.

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