Florida’s Housing Market Update: A Buyer’s Advantage

The Florida housing market is undergoing a significant shift. Here’s what you need to know: Cooling Market: Home prices are stabilizing, giving buyers more negotiating power. Sellers are becoming more flexible, offering concessions and incentives. Growing Inventory: More homes are hitting the market, providing buyers with a wider range of options. Condo Market Challenges: The condo market, especially in areas with stricter building codes, has been more impacted by recent market changes. Ready to take advantage of this buyer’s market? Let’s connect to discuss your homeownership goals. Why Are Mortgage Rates Still Rising? While the Federal Reserve has lowered interest rates, mortgage rates haven't followed suit. Here’s why: Market Expectations:

The market anticipates future rate hikes due to ongoing inflation concerns. Economic Uncertainty: Global economic factors like inflation and geopolitical tensions can influence mortgage rates. Bond Market Influence: Mortgage rates are closely tied to the bond market. Want to know your current rate? Comment or DM “RATES” to get started. Share this post with a friend who’s thinking of buying a home. 1:25 average home buyer age 1:50 average income of home buyer 2:05 home prices, home may homes sold, Days on market 2:55 didn’t rates go down? 4:00 it’s a buyer’s market 4:30 get pre approved before going shopping for a home 5:00 reverse mortgage #SouthFloridaMortgage #RealEstateTips #Homeownership #RealEstate #FloridaRealEstate #FloridaRealEstateAgent #HighRates #RacheliHomeMortgage #MortgageAdvisorRacheli #FairwayMortgageFlorida #MortgageAdviser #HomeBuyingTips