Home prices decreasing steadily and ongoing with ninth spike in the mortgage interest from June 2022. Obviously this is trying to push housing prices down slightly taming inflation on housing and hopefully other areas. This will certainly will bring more qualified buyers with purchase power during the spring buying season. There has been many buyers trying to tuff this matter out and make the right decision due to the pressure of rising rent cost. The more the mortgage interest rates decrease, the more applications will come across the lenders desk. I can see a buyers housing market is right around the corner. There has been many talks about 40 year mortgages that may cool inflation and stabilize the housing market. Click link to learn more about lower home prices /LOWER-HOME-PRICES---32819---32836---Dr-Phillips-6-25342.html
The Central Florida housing inventory fell slightly from three month supply nearly to two and half months of inventory. Days on the market increased since 2019 from five to close to 40 due to increased mortgage interest rates. In the southern region reported by the National Association of Realtors sales increased 15.9% in February from January 2023. Unfortunately still a 21.3% decrease from the prior year. Median price 342k with an increase of 2.7% from a year ago.
As a trusted advisor, professional realtor and 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. 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 community and always preaching the truth of real estate. I emphasize that education is a must for the community to ensure you are making the right decision. So don't let this shifting housing market delay your dreams, data reveals home values typically appreciate over time and that gives your net worth a nice boost. When you are looking to get help with your home, look for your realtor with the heart of a teacher. If you are ready to start your journey, contact me today at 850 496-6412 to help begin a new walk to home ownership and all your real estate needs. Click link to learn more about Kevin /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html?