Lower home prices continues to be a challenges in parts of America and might want to think twice, especially in Central Florida and may not be the best strategy and prices have already bottomed out. Rising mortgage interest rates seems not to help the problem along with combatting inflation. Many have pondered a market crash. However this is a completely different kind of housing crises we are in. The desire has always been for many Americans to purchase a home. Many are waiting for prices to come down and bottom out. This is not the picture, again in many regions of America some home prices are slightly coming down but not to the extent of the majority of the whole country. There are several scenarios that homes are still selling, high cost of living areas families are moving to lower cost of living and another is downsizing. Many are now working from home that makes it flexible to relocate. As for Black night reporting November 2022 96% home prices has declined, February 2023 78% home prices has increased.
Waiting on lower prices, rent may continue to rise and you may miss the boat. Experts say that you should not wait, interest rates will come down in this market cooling period. Again home prices are increasing in the majority of the country and projecting to keep rising as per Home Price expectation Survey. If you are waiting for home prices to come down, you may want to reconsider. It is best to contact a trusted advisor to keep you current with local market conditions. Remember look at the long term benefits that outweigh short term challenges, waiting to purchase a home and keep renting can cost you more a home values climb and you will miss out on those monthly housing payments going toward your home equity and long term financial stability. Click on link to my free ebook navigating the buying process https://kevinstrawter.book.live/read-buyer-book
As a trusted advisor, retired military and professional realtor I am here to serve you and always on the pulse of the housing market for the Dr Phillips and Central Florida area. Always stay in tuned, educated and connected in this volatile 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 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 of your real estate needs. Click link to learn more about Kevin /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html?