Wendy Morris Presents:
The Florida Dream
Wendy Morris Realty
Dr Phillips Luxury Real Estate
407 575 5392
Call Today!

Listing Search

HOME PRICE DEPRECIATION | 32819 | 32836 | Dr Phillips

NEXT
PREV

HOME PRICE DEPRECIATION

Home price depreciation is when the price of current home decreases below the current market value due to many different reasons. Supply and demand pushed prices so high that it affected rental properties to almost double. Such as world events, local environment etc has caused the unbalance in the housing market. 

INFLATION

Inflation plays a vital part in home depreciation. Inflation can only reach a certain point until somethings happen in a negative way in the beginning that goal is to turn into something positive. Well just happened, the interest rates went up 3/4% overnight June 15th 2022.

Something had to happen to curb inflation, now many are expecting home buying slow down a bit in the beginning stages, this is the hurtful stage in this initial process and will not be fun for some time. Ongoing inflationary pressure remains likely to excel interest rates even higher in the months to come. Inflation hurt's purchase power for all, however the first time buyer's will really feel the pain.

HOME PRICES

Home prices in Dr Phillips and all over the nation, home sales has skyrocketed during the past two years and as you can see the graph and history of appreciation for over 120 months straight. Why has this happen? Supply was low and demand is high. The market is looking to take a decelerated pace on this interest rate spike. We are unlikely to see prices decline but much slower appreciation. Florida remains strong and seemingly more homes are expected to come back on the housing market. This growth will mean more options for shoppers in a good bit, even while the inventory of homes continue to slack in these times.

May look like investors are holding back to a point with hedge funds waiting for the right time to strike.

When it comes to selling your home, please see your trusted real estate advisor Kevin Strawter at 850 496-6412 today or email kevinstrawter@gmail.com to guide you in the right direction for the sale of your home.


HOME PRICE DEPRECIATION | 32819 | 32836 | Dr Phillips
HOME PRICE DEPRECIATION | 32819 | 32836 | 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 8/8/22 10:15 PM) |
Featured Listings
Orlando Real Estate
$370,000
3 BED
2.5 BATH
Come see this updated townhome in the heart of Dr. Phillips! Right when you walk in you notice the laminate flooring and... Read More
Orlando Real Estate
$490,000
3 BED
2 BATH
Great 3bedroom/2Bathroom condo unit for sale at the well known Vista Cay Resort Harbour Square. Vista Cay offers a great... Read More
Orlando Real Estate
$725,000
3 BED
2 BATH
Have you ever wanted the opportunity to live in one of Orlando's most sought-after areas? Here is your chance! 9959 Kilg... Read More
Orlando Real Estate
$268,400
2 BED
2 BATH
TURN KEY OPERATION! BEAUTIFULLY RENOVATED! START EARNING IMMEDIATELY! EXCELLENT OPPORTUNITY TO OWN A FULLY FURNISHED SHO... Read More
Orlando Real Estate
$375,000
2 BED
2.5 BATH
Welcome home to your desirable and rare Venice floor plan townhome in Sandpointe; quite possibly the most pristine gated... Read More
Orlando Real Estate
$600,000
4 BED
3 BATH
Welcome to the established community of Sand Lake Point in the Dr. Phillips area of Orlando! Tree-lined streets lead yo... Read More
Orlando Real Estate
$575,000
4 BED
3.5 BATH
Stunning Executive Townhome in Dr Phillips. These gorgeous 4/3.5 features a downstairs master, volume ceilings, LVP fl... Read More
Orlando Real Estate
$1,050,000
5 BED
4 BATH
Primo best describes this gorgeous property in Ruby Lake – superb, gated community close to most everything one desires... Read More
Orlando Real Estate
$365,000
3 BED
2 BATH
Spacious 3/ 2 in the heart of Dr. Phillips with granite counter tops, Ceramic tile, laminate. Easy access from attache... Read More
Orlando Real Estate
$1,106,660
4 BED
3.5 BATH
Beautiful Home in desirable Ruby Lakes, the location offers lots of amenities and convenience. The property is centrall... Read More
Contact Kevin Strawter

407 575 5392

Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
16797 Broadwater Avenue
Winter Garden, Florida 34787

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2011 -2022 drphillips.info - all rights reserved. | Site Map | HOME PRICE DEPRECIATION | 32819 | 32836 | Dr Phillips