The current Central Florida housing market is a hot topic as of November 2022 and no different than any other as we end this year. Experts are reporting through the next 18 months 12-25 percent drop in prices in low density locations. So much is uncertain in the public eyes and many do not know if they should now buy a home. As this housing market softens, more homes are being added to the housing industry. It's our jobs as professional realtors to educate the public. Many lenders are thinking out the box with flexible interest rates to get qualifying homebuyers into homes, of course by complying with all applicable lending laws.
Buying or selling a home is a huge decision for many. Lean on Kevin Strawter as your trusted advisor. As an expert that and a prime resource to understand what is happening in the current housing market. With the in depth knowledge of the industry, you will be provided current trends and comparisons to understand exactly what is happening. With the full picture you will be able to make the best decision for you and your family and taking away the confusion and uncertainty.
The housing market is moving in a pace to expect uncertainty into 2023 as the consumers, financial markets and policymakers sift through challenges in the housing market in this rollercoaster we are currently in today. This makes it that much more difficult to forecast mortgage rates taming inflation.
The last two years was a fiery seller housing market. Supply was low and demand very high. Remember the interest rates spiked in June, July, September and November. Each month produced a .75 percent rate spike making history trying too curb inflation. The system now is designed to stabilize and lower prices on home sales. Dr Phillips and the Central Florida housing market area is holding well as realtors explaining to sellers the housing market correction. Click link to know more about housing market correction /HOUSING-MARKET-CORRECTING---32819---32836---Dr-Phillips-6-22828.html
Click link to understand more about shifting housing market /SHIFTING-HOUSING-MARKET---32819---32836---Dr-Phillips-6-23578.html
The definition of inflation is the increase in the price of all goods and services over a period of time resulting in reduction in the purchasing power of a given currency. Experts report a 3-5 year cooling period for prices to level off with interest rates possibly declining. also interest rates to declining to 5 percent by the end of 2023. Truly the interest rates now is a normal market, the home prices need to come down for affordability for many home buyers. High gasoline prices are not helping this matter. On a good note many are now working from home which cut's and a huge savings on gasoline.
Future home buyers, please prepare to save with less debt and on time monthly payments on all bills. On time rental payment history can now count against credit score. Even though the unknown of rising rent, this is the best thing a renter can do for the time being to get in position. 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 to purchase or for the sale of your home.
Don't let this shifting housing market delay your dreams. Data shows home values typically appreciate over time, and that gives your net worth a nice boost. So if you are ready to start your journey to homeownership, reach out and stay connected to me today at 850 496-6412. Click link to get to know me even more /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html?
Clink link to request a free ebook for navigating the buying process https://kevinstrawter.book.live/buyer-book
Click link to request a free ebook on my selling secrets https://kevinstrawter.book.live/biz-card-book