As of December 2022 Central Florida housing inventory has grown 4.8% since June according to the national association of realtors. We are currently holding approximately a 30 day supply of homes for sale. As more homes continually come on the housing market, fortunately there are homebuyers out there. These are mostly the generation Z millennial homebuyers with great income and good credit. As a realtor working with these buyers, they are thinking out the box to find that perfect home, if not, figure out a way to make it into their dream home with innovation and technology. The break through of fear of purchasing a home is abroad, however you need an expert and trusted advisor to guide you through. With the fear of where unknown interest rates will settle, many renters considered it is better to buy than keep renting as for rent rises every year and you get nothing for it. You are actually paying a mortgage, but it is not yours. Click link to learn more about cooling housing market /COOLING-HOUSING-MARKET---32819---32836---Dr-Phillips-6-23640.html
What happened last month in Central Florida since December 2021 listings sold rose 14% in December 2022 which is a good sign for sellers.
New construction homes are continued to be built at a moderated pace. Supplies on hand have gotten much better for builders. The last two years it was difficult to determine when a home was to be completed due to supply shortages. This was due to many workers quitting with ships sitting out at sea and no workers to offload supply. This goes for perishables that were spoiling also. This ordeal was bigger than many think. Along with new construction homes, lenders have gotten creative with interest rates to assist homebuyers. Many offer programs such as buy down rates along with offering an lower introductory rate the first year and second year. The third year you will lock at a permanent interest rate.
This eases the pain for the buyer to get into the home and especially income will grow the next two years after purchase. Click link to learn more about benefits of new construction homes /BENEFITS-OF-NEW-CONSTRUCTION-HOMES---32819---32836---Dr-Phillips-6-19911.html
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 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 housing community to ensure you are making the right decision.
So don't let this shifting housing market delay your dreams, data shows homes typically appreciate over time and that gives your net worth a nice boost. If you are ready to start your journey, contact me today at 850 496-6412 to help begin a new walk to homeownership and 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