Home purchase contracts has gone down two months straight. With many disappointed homebuyers, homeowners today are still sitting on lots of equity in their homes and have various reasons to move even with existing low mortgage interest rates. These mortgage interest rates in 2023 are looking like the new norm as per many expert economist. America housing market is still in a reshaping mode after the very first interest rate spike in June 2022. With a 30 day supply inventory, this puts even more of a squeeze on the housing market. The low inventory has a significant increased interest with buyers to drive up price, however makes it a challenge for affordability in these times. With ultra high mortgage interest rates it is almost impossible to purchase a home in these days. Something like this makes you wonder what direction is the housing market heading. With home price growth and mortgage interest rates almost 8 percent makes it very difficult for a huge pool of homebuyers put a pause on the idea of purchasing a home. Click link to learn more about home price growth /HOME-PRICE-GROWTH---32829---32836---Dr-Phillips-6-26026.html
Central Florida housing market have been increasing in the recent years with many home purchase contracts. Many homebuyers have been relocating from all over the country the last twenty four months. Click link to learn more about relocating to Central Florida /RELOCATING-TO-CENTRAL-FLORIDA---32819---32836---Dr-Phillips-6-18859.html
These factors in 2023 include a 30 day limited inventory of homes and homebuyer demand. A balance will come in some time. Due to increase demand and affordability new construction projects has ramped up all over Central Florida. Home builders are doing the best they can to help meet demand with growth. Click link to learn more about New construction and inventory homes in Central Florida /NEW-CONSTRUCTION-AND-INVENTORY-HOMES-IN-CENTRAL-FLORIDA---32819---32836---Dr-Phillips-6-18833.html
It's important to note these trends can change and vary based on location within Central Florida. If you like more detailed and up to date information, it is recommended to consult with a local trusted advisor with specific areas of interest.
As a trusted advisor, professional realtor and retired military veteran I am here to serve you and selling in the Dr Phillips and Central Florida area. Always stay tuned, educated and connected in this volatile housing to purchase or for the sale of your home. In the absence of trustworthy up to date information whether it's a housing crisis or local housing market, real estate decisions are increasingly 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.
Part of my job is to keep you informed and educated of the local housing market and trends, buying information on the buying and selling process to include real estate common terms and videos. Don't get confused with the news, they talk about national data, I can provide most current up to date local area data.
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, look for your realtor with 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 homeownership and all your real estate needs.