Home appreciation in Central Florida has increased monthly like never before. Homes nationwide equity has almost doubled. As you can see the graph how homes prices has aggressively increased each moth over the last year. As you can see in the last slide, the experts report for the next four years, the home price appreciation is much less than 2022.
As prices continue ti rise, so does the value of your home. There is no reason to believe that homes will stop appreciating. Home values going up is only a problem when you are trying to buy. "WHEN YOU OWN, IT'S A GIFT and consider this is to help you when you sell. The housing shortage has pushed prices insanely and almost too good to be true. The issue is that the inventory remains low so this sparks bidding wars and much competition over purchasing homes.
New construction cannot keep up with demand. Meanwhile there are investors cashing in before the market levels out and takes a swing downward as interest rates are on the rise to the unknown. This is called (FOMO) FEAR OF MISSING OUT. This also goes for investor making purchases. If you are thinking about buying a home, asking yourself about home prices and mortgage rates will help you make a powerful and confident decision. Experts see both prices and rates rising in the future. The alternative is to rent, but rents are increasing. This means purchasing a home make more sense than renting.
Many think that the rapid interest rate increase will make the market crash. Not so, this slows down the buying spree since interest rates remained very low for two years. Home price appreciation pre and post pandemic September 2017 - March 2020 was 12%, March 2020 - September 2022 was 38%. Click here to see more on home price appreciation /HOME-PRICE-APPRECIATION-AND-DEPRECIATION---32819---32836---Dr-Phillips-6-23079.html
Housing supply remain's low and demand is high which drive prices even higher. Florida and Texas housing market remains very strong as many out of towner's relocate from high cost of living area's. If you are considering capitalizing on the sale of your home and purchasing you need a sharp agent with exceptional negotiation skillset that knows how to negotiate your sale and purchase simultaneous. I find from experience that there are sellers that refuse to sell to investors.
Upon selling your home you can take that equity and purchase that home of your dream and could still bring your monthly payment to what you are currently paying in the home you are in now. Also the appreciation could also cover some or all of your downpayment. Now if any is the time to sell your home with the market currently stands. Serving Dr Phillips and Central Florida. Trust your local home advisor Kevin Strawter at 850 496-6412 or email email@example.com to steer you in the right direction. Click here to know more about Kevin Strawter /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html