If you are thinking about buying or selling a home, here are some topics to be aware and reminded of. These last two red hot years the housing market all over has been shifting considerably. More stabilization and predictability is well needed as we move on through all of this. Since rapid paced bidding war's has ceased along with interest rates spiked, the nation paces for the next phase in the economical phase. Click link to understand more about buying a house in 2023 /BUYING-A-HOUSE-IN-2023---32819---32836---Dr-Phillips-6-23968.html
The housing market is nothing like 15 years ago with the market crash. There was a dramatic shift since the pandemic started in 2020, however a few similarities such as bidding wars and lower interest rates. The first chart shows it all. With inventory rising and less competition, this is balancing out the housing market for a housing market correction with supply and demand still in place.
The experts state provided inflation continue to slow down, the interest rates will stabilize. Homebuyers will not face extreme competition as in the last few years. The housing market status is in the process of being corrected. I always offer a highway of valuable information. Click link to see more about housing market correction /HOUSING-MARKET-CORRECTING---32819---32836---Dr-Phillips-6-22828.html
I am currently working with new construction home lenders with rates starting at 4.25% to get into homes in selected areas. Buyers need to meet criteria to qualify.
So be advised this may be the one and only window for the next few years to get into the semi-buyers market. Remember as the Federal Reserves reports home prices only go up and always recover from recessions no matter how mild or sever. Long term owners should view this market right now as a unique buying opportunity with sellers flexible to sell their home. when it all shakes out, it is still more effective to buy versus rent based on skyrocketing rent prices beyond your control. Waiting could cost you even more. Marry the home and date the rate.
Active listings in 2021 for this country were 445,784 and in 2022 751,544 which showed a huge increase in the seller's market that sparked the red hot market all over. The average sale in the Central Florida area is 428,000. With the super low interest rates prior June many sellers took advantage of the increase in equity in their homes. The Disney Theme Park housing market area is still moving and has not slowed down.
As a trusted advisor, professional realtor and retired military veteran I am here to serve you and always on the pulse of the housing market for the Dr Phillips and Central Florida area. Always stay in tuned, educated and connected in this volatile housing market to purchase or for the sale of your home. In the absence of trustworthy up to date information, real estate decisions are increasingly being driven by fear, uncertainty and doubt.
We as trusted advisors drive the real estate community and always preaching the truth of real estate. I emphasize that education is a must for our community to ensure you are making the right decision. So don't let this shifting housing market delay your dreams, data reveals that home values typically appreciate over time and that gives your nice worth a boost. If you are ready to start your journey, contact me today at 850 496-6412 to help begin a new walk to homeownership for all of your real estate needs. Click link to learn more about Kevin Strawter /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html?