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Current Market in Central Florida June 2020 32819 | 32836 | Wendy Morris Realty Dr Phillips

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CURRENT MARKET IN CENTRAL FLORIDA (JUNE 2020)

The current market in the Central Florida has heated up again, and prices are rising as the low interest rates are aggressive stagnated as they can be. In other words the market is very strong here as we speak. Many are educated that rent is higher than buying here.  I strive to encourage my renters that there is hope provided you construct your credit to reflect credit worthiness. Since the recession about close to ten years ago, much has recovered and short sales and foreclosures diminished drastically.  Short sales seemed to almost be a thing of the past.

LACK OF HOMES

Commonly a lack of new housing leads to a demand and sellers market that can drive prices higher than the norm. Families are seeming to grow out of apartments, with the proper education and encouragement, they too can purchase a home. New construction is trying very hard to keep up with the demand from the recovery of past depressed market. 

PRICES ON THE RISE

Prices are definitely on the rise, the local year to year trend from my experience is to buy in the off season, November through February for the ultimate deals, many builders do not want to carry inventory into the next year.  This means land a contract at least in October/November. 

It is noted the prices of homes are pretty much adjusted somewhat with interest rates from the feds. I highly suggest to follow all money matters on https://www.bankrate.com/ this helped me immensely to understand the overall concept when it comes to purchasing a home. If in doubt, I am always available to consult at any given time.  Call me today at 850 496-6412 for any of your questions to be answered. Please pass on to friends and family and I hope this page was of great help to you and others.

 

 

 

 

 


Current Market in Central Florida June 2020 32819 | 32836 | Wendy Morris Realty Dr Phillips

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: | Stellar MLS (updated 10/27/20 2:05 PM)
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