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Monthly Archives: February 2023

Why are home prices continuing to be high?

Fri Feb 24, 2023 on Florida Real Estate

Why are home prices continuing to be high?

There seems to be a pricing disconnect between would be homebuyers and sellers these days. Why? Homebuyers want to offer lower contract offers and yet sellers still want to obtain higher than normal sale prices as they enjoyed last year. Although mortgage interest rates near 7%, buyers still face elevated sale prices. What are the reasons for continued, elevated sales […]

Has the housing market slowdown passed?

Thu Feb 9, 2023 on Florida Real Estate

Has the housing market slowdown passed?

While mortgage rates are still well above the 3% range from a year ago, the average 30 year home loan rate has fallen a full percentage point for the high 7% in November, bringing new buyers into the housing market. In fact, mortgage applications are up reportedly by a quarter since the end of last year, and¬†Redfin reports that the […]