Fewer homes are available because homeowners are hanging onto coveted rates of 3 or 4 percent.
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Best Brevard FL Real Estate Scoops
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Best Brevard FL Real Estate Scoops
Ahoy there, it's Agi Anderson, Your Brevard FL Realtor and the proud owner of BrevardFLRealtor.com There are so many facets to being a Realtor and resident on the Brevard FL Space Coast, that’s why I provide 10 different topics of the Best Blog Posts across the web … You can follow one topic or follow them all. I scour the web scooping up the BEST blog posts with real estate, healthy living, boomers downsizing/retiring, life on the Space Coast, Home Decor and much more! Questions? You can call, text or email me using my online Biz Card card at … ContactAgiNow.com.com Curated by Best Blog Scoops |
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Mortgage rates broke five straight weeks of declines this week, with the 30-year fixed mortgage rate increasing to 6.39% as of April 20.
Best Blog Scoops's insight:
Just a reminder to “marry the house” and not the rate. Even if the interest rate is a bit higher, remember, you will not pay the interest rate for the life of the loan. After a year of owning your home, you are eligible to refinance to a lower interest rate. Don’t allow doom and gloom prevent you from purchasing a home that you love and are qualified to buy. Have Questions❓ 📲 ContactAgiNow.com
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Could home prices finally be coming back down to earth? A new report indicates record price deceleration.
Best Blog Scoops's insight:
The real estate market is making a sharper shift than expected due to increasing interest rates. Sellers be prepared to get creative with contract negotiations. I am here on standby ready to provide my years of knowledge and experience in changing real estate markets. I suggest you get my free guide to learn how you get the seller advantage by getting your home Move-In Certified at GetMoveInCertified.com Questions❓ ContactAgiNow.com
jgibson@phoenixonlinemedia.com's curator insight,
October 7, 2022 6:08 PM
Needed tightening. Things will adjust within the housing industry and we should avoid huge issues. Real estate is hyper local - don't forget.
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Fixed mortgage rates have increased by more than two full percentage points since the beginning of the year. The combination of rising rates and high home prices is the likely driver of recent declines in existing home sales. However, in reality many potential homebuyers are still interested in purchasing a home, keeping the market competitive but leveling off the last two years of red-hot activity.
Best Blog Scoops's insight:
The combination of rising rates and high home prices is the likely driver of recent declines in existing home sales. However, in reality many potential homebuyers are still interested in purchasing a home, keeping the market competitive but leveling off the last two years of red-hot activity.
If you have thoughts of selling, NOW is the time, the real estate market is beginning to shift. Let's chat about possibilities, book a 15 minute call on Agi's Phone Call Appointment Calendar
Questions? Call or test me using my Digital Biz Card at ContactAgiNow.com
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Much of the commentary surrounding the Federal Reserve’s decision Wednesday to raise the Fed Funds rate by 25 basis points has been about how this is likely to have a negative effect on home affordability.
Best Blog Scoops's insight:
There will be an effect on consumer psychology: having now seen the Fed raise rates in 2017, and with two more rate increases considered very likely, potential homebuyers will get off the fence and into the market, in order to buy a house before rates go any higher.
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Many “wannabe” move up buyers feel like the buyers in this post. It’s a dilemma.