I was looking back at Realtor.com’s forecasts for real estate activity in 2022 just to level set where we are today. This isn’t to pick on Realtor.com as it is an excellent source of information about the real estate market. It’s more to point out that even the expert forecasts can miss reality by miles.
Here is a helpful infographic of moving tips from Florida Realtors. Moving can be a stressful time, so any advice can help.
The infographic below shows the latest market results for single-family homes in Sarasota County.
The infographic below shows the latest monthly results for the single-family home market in Manatee County.
Mortgage interest rates have risen sharply again over the last 30 days. The recent change will cost new borrowers over $59 per month for every $100,000 borrowed. Average U.S. interest rates for 30-year fixed rate mortgages were at 6.92% as of this week. Last month at this time, they were sitting at 6.02%.