Tue Aug 16, 2022 on News
Online searches for “sell my house” has increased by 147% as of July. Florida ranked number 5 out of the top 10 states that had the most searches for selling a home. In fact, Fort Lauderdale, West Palm Beach, Miami, Coral Springs, Boca Raton, and Port St. Lucie are some of the cities that had the most search queries. Is there a […]
Sellers are changing their playbook because of mortgage rates OVERVIEW Why the housing market has been hot in 2022 What suggests prices are starting to cool down How home prices will affect the economy The housing market is currently full of unhappy people. Among them are sellers who realize they’ve listed their properties too late. Redfin says home prices are […]
Tue Jul 12, 2022 on Florida Real Estate
With economic uncertainty in the market, many homeowners are looking to adjustable rate over fixed rate mortgages. Why? Initially adjustable-rate mortgages, or ARMs, typically offer lower rates than fixed mortgage rates and then adjust at specific intervals over the life of the loan. Currently, ARMs look attractive to those home purchasers who are concerned with both higher mortgage rates, rising […]
Wed Jun 15, 2022 on Florida Real Estate & News
As the Federal Reserve raises interest rates for the second time in a few short weeks, supply chain issues still abound, and inflation continues to roar, what does this all mean for the real estate market in South Florida and to you? Adjustable Mortgages and Home Prices To begin with, if you have an adjustable-rate mortgage you will likely see […]