For those of you selling your home, it’s important to think about what homebuyers are really looking for. The infographic from Florida Realtors, below, will help you in regard to that, especially with first time homebuyers.
Florida’s real estate market for single-family homes and condominiums is experiencing a slowdown in sales and a dip in prices. However, this is not indicative of a market crash to date. The current conditions follow the post-COVID housing surge, which drove demand and prices sharply upward, pricing out many would-be buyers.
Even in buyer’s markets, you can find yourself in a competitive process to purchase the house you love. It’s important to consider how to put your best foot forward to make your offer the winning one. The infographic below from Florida Realtors lists several tips to help you get into your next home.
The market for single-family homes in Manatee County remained relatively soft in April. Inventory levels are up 33% when compared to a year ago, and transactions were roughly flat year over year. The lower end of the market is stronger than the upper end, which is pushing the median sale price down. Overall, this summer is shaping up to favor buyers at this point. That said, we have seen an uptick in activity in the last few weeks. The infographic below from Florida Realtors contains more information.
Mortgage interest rates have remained steady over the past 30 days. As of this week, the average U.S. interest rate for 30-year fixed-rate mortgages is 6.81%, virtually unchanged from 6.83% a month ago. However, predictions for future interest rate movements are still uncertain.