Prepare For The Changing South Florida Real Estate Market
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- Äas pĹidĂĄn 21. 01. 2024
- Prepare For The Changing South Florida Real Estate Market
Should you Buy Now or Wait until 2025? With the housing market picking up steam and mortgage interest rates headed lower ,many home buyers are wondering when is the right time to buy a house and what is the mortgage to ? In this video, Brent and I discuss the things you should focus on as a homebuyer preparing to buy a house in 2024.
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Great Video! Can't wait for those lower rates!!
You and me both!
Youâll be waiting till 2025. Rates will remain at 7%+
They're currently hovering around 6.6%...they'll keep dipping...@@spinfish1434
Today's rates are hovering around 6.6%. They're expected to continue to creep south. @@spinfish1434
Lower rates = More inflation
No I don't think so. There will not be a swarm like we had before.
Highly Unlikely rates coming down anytime soon, the Fed playing word games because itâs an election year, inflation is still âslowlyâ .3% rising. Florida now ranked one of the least affordable states to live in the country with crazy high insurance, taxes, HOA feeâs.. Double taxed paying CDD feeâs (gated communities) for infrastructure when youâve already paid property taxesâŚDoesnât get any better in Port Saint Lucie paying the highest property taxes in the State. Current interest rate on a 30yr loan 7.55% and thatâs with a outstanding credit rating..Not the time to buy.
So wait till rates drop and all the prices go up again instead of taking some of these incentives or a Seller Credit that are happening everyday? And the current rate is not even close to 7.55. Just locked a clietn this week at 6.8. But rates will go up and down all year until the market feels comfortable.
@@LeeBrickeytv Mortgage Applications are lower now then in 2008, fact.. Home prices are dropping and will continue to drop, thatâs what needs to happen..The current average 30 year mortgage rate is 7.86. FL is no longer the bargain it use to be and most know that now..
WOW My lender must be the best because we are not even close to those rates. Thanks for the comments@@spinfish1434
@@LeeBrickeytv A good Realtor assists in negotiating a lower price, that results in lower taxes and insurance. It mustâve been a huge down payment to get that 6.8% which is nothing to brag about.
No huge down payment. 5%
@@spinfish1434