Is now the right time to buy in Florida?

By
Real Estate Agent with Keller Williams Realty of Fort Myers & The Islands Broker BK3099912
https://activerain.com/droplet/4Bw7

From the desk of Joe Kendall with Shore Line Realty.

 

Whether you are a first time or a move-up buyer, there are two factors that will impact the amount of house you can afford in your price range: home prices & mortgage rates.

Let’s look at what the experts are predicting over the next twelve months for these two areas:

PRICES

Over 100 economists, real estate experts and investment & market strategists were recently polled as a part of the Home Price Expectation Survey. They were asked to project where home prices are headed. The average value appreciation projected over the next twelve-month period is approximately 4.4%.

MORTGAGE INTEREST RATES

In the latest Economic & Housing Market Outlook from Freddie Mac, they predict that the 30-year fixed mortgage rate will be 4.7% by this time next year. As of last week, the Freddie Mac rate was 3.69%.

What does this mean to you?

If you are a first-time buyer currently looking at a home priced at $250,000, this is what it could cost you on a monthly basis if you wait until next year to buy:

Cost Of Waiting Spring 250K | Keeping Current Matters

If you are a move-up buyer currently looking at a home priced at $500,000, this is what it could cost you on a monthly basis if you wait a year to buy:

Cost Of Waiting Spring 500K | Keeping Current Matters

 

Bottom Line

With both home prices & interest rates projected to increase, waiting to buy could put a serious dent in your family’s wealth. Lets get together and talk about our local real estate market here in southwest Florida and how I can help You!

Posted by

 

 Listing and Selling Southwest Florida Homes, Condos Waterfront & Luxury Homes!

 

 

Joe Kendall BROKER "Broker Joe"

Keller Williams Realty Fort Myers & The Islands,

16 years of experience to offer You!

Fort Myers / Fort Myers Beach / Cape Coral / Bonita Springs / Naples/ Sanibel Island 

Search all the homes for sale located in Southwest Florida here

Phone 239-560-0726

Email BrokerJoe@Me.com  

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Florida Lee County Fort Myers
Groups:
Agents who want REFERRALS!
ActiveRain Network Referral Base
Tags:
real estate market
condos for sale
fort myers fl
homes
new constrction
waterfront expert
homes fore sale
gated communites
waterfrontspecialist
waterfrontdeals

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
694,942
Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

Great post this will really help buyer's see the difference in payments with the higher interest rates just one more reason to buy now not later.

Mar 31, 2015 10:05 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
544,565

Joe Kendall Broker

It's Always best to talk to "Broker Joe"
Request a list Waterfront Homes and Lots here
*
*
*
*
Spam prevention