There are advantages of buying a home today, this is slowly but surely turning into a buyer market maybe by the next twelve months. There is no doubt this housing market is much different than the last two years since this major shift in mortgage rates. The housing market is still in a housing market correcting. Click link to understand more /HOUSING-MARKET-CORRECTING---32819---32836---Dr-Phillips-6-22828.html
This housing market is being more inviting to homebuyers as more homes come on the market. The demand is still there predominately due to rising rents all over and cheaper to buy. The National Association of Realtors reported the inventory is rising since the beginning of the year 2022. The inventory has been rising due to the fact homes has been on the market much longer than the norm the last two years. Also this give homebuyers more choices to choose from. It is so easy to fall in love with homeownership from renting.
Buyer demand has slowed down to regroup since interest rates spiked and the buyer frenzy and bidding wars are put at ease. Buying now, is to avoid the rush when the rental market is exhausted and many renters will soon qualify to buy a home. Experts are still reporting that the hosing market is not going to crash. Click link to understand more about will housing market crash /WILL-HOUSING-MARKET-CRASH---32819---32836---Dr-Phillips-6-23070.html
Mortgage rates has risen, however they will come down. As we entered the beginning of 2022 many lenders has been rethinking the process and projecting ahead. As it stands now many lenders have become flexible by offering a first three year adjustment rate, this an incentive to get the buyer to qualify into the home with streamline and flexible financing. The next small spike is due December 14th and will reveal even more to the upcoming homebuyers. The ole saying is what goes up must down
As a trusted advisor, professional realtor and 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 for the purchase or the sale of your home. In the absence of trustworthy up to date information, real estate decisions are increasingly driven by fear, uncertainty and doubt.
We as trusted advisors drive the real estate community to ensure that you are making the right decision and always preaching the truth of real estate. I emphasize that education is a must for the community to ensure you are making the right decision. So don't let this shifting housing market delay you from four dreams, data reveals home values typically appreciate over time and that gives your net worth a vice boost. Visit the Dr Phillips area which is near The Magic Kingdom, and International Drive.
If you are ready to start your journey contact me today at 850 4960-6412t to help begin a new walk to homeownership and to meet all of your real estate needs.