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

Listing Search

INFLATION OF INTEREST RATES | 32819 | 32836 | Dr. Phillips

NEXT
PREV

INFLATION OF INTEREST RATES

Inflation of interest rates taken the headlines nationwide. So may dynamics has taken place since the initial spike in 2022. This led to putting many first time home buyers out of reach of there dream. There were many about to close and get their keys and their process was halted with disappointment and could not close on their home. Same as refinancing, many missed the boat and sat in remorse saying I wish I would have did this earlier. These are major financial decisions of homebuyers and homeowners that unfortunately caused a lot of stress on many families. With inflation of interest rates this forced many to be buyers to move further out for affordability and many worked remotely with slightly smaller homes to purchase. This not only tied into homes, it also flowed in cost of all goods nearly doubled and crippled with gasoline prices. However buyer demand with 187,000 jobs created and unemployment rate declined in July of 2023 is still in effect due to rising rent and many are adjusting to the new norm. By nature mortgage interest rates are volatile. Click link to learn more about economic employment https://www.bls.gov/news.release/empsit.nr0.htm

With low unemployment rates is a huge game changer and means people are finding jobs and that comes with consistence income to possibly qualify for a home purchase.

Affordability depends on three factors wages, home prices and mortgage interest rates. The housing market has been a beneficiary over the strong economy and labor market. Many that has been employed saved their money for a downpayment for a home. Homebuyers are still more active than usual, today's housing market is not a frenzy as 18 months ago and does not mean the market is at a standstill.

BUILDERS

As builders kept building through the pandemic, they had to watch their numbers to price homes based on the price of materials as they skyrocketed through the 2020 pandemic stage. This was a huge task along with competing with many other builders. It was a challenge for many builders to stay in the game. Many got creative with buy down interest rates, building more smaller affordable homes and other incentives. As you could see the nation entered a housing inventory shortage. Builders ramped up the pace of building affordable homes to compensate for the existing housing shortage. Our jobs as realtors is to find the best home and negotiate the best deal in the best interest of our homebuyers. This is where your trusted adviser comes into play for you. 

There are still eager buyers due to rising rent and uncertainty of of the interest rates. Many now have decided to invest to buy a home and start gaining the equity to purchase their next home. If you like to receive my free ebook Home Sweet Home ( Buying New Construction Versus Existing Home) Click link for my book https://kevinstrawter.book.live/read-new-construction-book

TRUSTED ADVISOR

As a trusted advisor, professional realtor and retired veteran I am here to serve you and on the pulse of the Dr Phillips and Central Florida area. Always stay in tuned, educated and connected this volatile housing market 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 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. 

Part of my job is to keep you educated of the local market trends, 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 the national level 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. When you are getting help with a 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 homeownership and all your real estate needs.


  • INFLATION OF INTEREST RATES | 32819 | 32836 | Dr. Phillips
  • INFLATION OF INTEREST RATES | 32819 | 32836 | Dr. Phillips
  • INFLATION OF INTEREST RATES | 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 4/14/24 1:53 PM) |
Featured Listings
Orlando Real Estate
$314,000
2 BED
2 BATH
This Point Orlando Condo Hotel has Location, location, location just a block away from International Drive with all th... Read More
Orlando Real Estate
$419,000
3 BED
2.5 BATH
Located in a desirable location this townhome can be your first home or investment property. The community is Grandview ... Read More
Orlando Real Estate
$1,225,000
5 BED
4.5 BATH
Welcome to Real Life Paradise!! This beautiful Madeira Spanish Colonial Home is Perfectly Located right in the middle of... Read More
Orlando Real Estate
$980,000
6 BED
4 BATH
See the Disney fireworks from your south facing pool deck. The pool and inground spa are both heated. The large covered ... Read More
Orlando Real Estate
$639,000
4 BED
3 BATH
Large 4 bedroom, 3 full bath, single-story home with over 2400 sq ft. Tons of recent renovations and updates! This bea... Read More
Orlando Real Estate
$1,089,000
5 BED
4 BATH
Luxurious and Move-In Ready, this Spacious 5-bedroom/4-bathroom New Construction home in the heart of Dr. Phillips offe... Read More
Orlando Real Estate
$1,299,000
5 BED
4.5 BATH
LOCATION, LOCATION, LOCATION! This modern and gorgeous POND VIEW 5 bedroom/ 4 full 1 half bath HOME is located in the... Read More
Orlando Real Estate
$785,000
4 BED
2 BATH
Located in the highly sought-after neighborhood of Bay Hill, this home is nestled in the heart of the coveted Dr Philip... Read More
Orlando Real Estate
$660,000
4 BED
2 BATH
Don´t miss out on this beautiful fully updated and renovated home in the Dr Philips area. Ready to be enjoyed by a new f... Read More
Orlando Real Estate
$765,000
3 BED
2 BATH
One or more photo(s) has been virtually staged. Welcome to this stunning newly renovated home nestled in a beautiful gol... 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 -2024 drphillips.info - all rights reserved. | Site Map | INFLATION OF INTEREST RATES | 32819 | 32836 | Dr. Phillips