Rising Interest Rates to Slow Fla. Housing Market?
Experts offer mixed views. Some say moderately priced-home sales won’t slow yet due to low inventory; others expect impacts from stocks to the housing market.
The 30-year Mortgage Rate Rises to 5.27%
Freddie Mac: Up from 5.1% last week, it’s the highest since 2009. The average 15-year mortgage rate is now 4.52%, up from 4.4%.
U.S. Annual Home Price Growth Up 20.9% in March
CoreLogic: A record high, the annual growth was the largest in the 45-year history of the home price index. Fla. had the highest state home price gain, 31.4%.
Why Most Americans Say They Don’t Like Neighbors
Lending Tree survey: 75% say they dislike at least one of their neighbors, either due to noise, rudeness, problem pets, messy yards or ‘weird vibes.’
Lots of Help Available for Down Payments
The Fla. Housing Finance Corp. saw its volume jump in 2021; activity was so brisk that it stayed open 24/7 and increased its housing assistance amounts.
Create Name Recognition with No Budget
How? Agents can walk their farm area, knocking on doors and introducing themselves in a safe, organized way. Community outreach and Facebook farming work too.
Mortgage Payment Nearly 50% Above a Year Ago
Realtor.com: The combo of higher rates and home prices has made monthly payments quickly climb. That impact is adding an extra $580 to buyers’ monthly expenses.
The Best Way to Buy a House with Friends?
RE Q&A: Like going into business together, buying a house together works best with a written agreement so all understand risks, rights and responsibilities.
Focus on Inventory and Fair Housing Solutions
NAR: Fair housing for all and addressing inventory, supply and affordability issues are Realtor priorities this week at the 2022 Legislative Meetings.
1Q 2022: Double-Digit Price Gains for 70% of Metros
NAR: The top 10 areas with highest year-over year gains were midsize and small markets; five were in Fla. Chief Economist Yun expects price appreciation to slow.