Is 2018 the Year to Buy? 3 Reasons Why!

By
Real Estate Broker/Owner with Spears & Associates Real Estate Team BK 3052925

Are Interest Rates going up?

This is always a question will the feds be increasing the rate? Last year the 30-year mtg rate went above 4% it is predicted that the rate will reach 5% by the end of 2018.  How will this affect a buyer's monthly payment? 

 

Prices have been climbing for the past two years.

Prices have been climbing at a steady rate for the last two years.Of course, this depends on location.  In Florida, new construction in the right price range is moving at a steady pace. Home prices are expected to increase in 2018 just at a slower pace. 

Inventory Levels are expected to increase.

Inventory levels have been low for the past year and are expected to increase in 2018 which will turn the market to a buyers market. Many of our buyers have bid over list price for properties and have not gotten the offer accepted due to the fierce competition and lack of inventory. As always the market changes and the buyer will welcome this change and opportunity.

 

If you are thinking you would like more information on the home buying process click here.

 

 This content created by Barbara VanderMeulen Lead Buyer Specialist

Let us know how we can help you find your next home in Florida.

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Posted by

Andy Spears  
Broker Owner, CDPE, GRI, MBA
RE/MAX Ultimate Realty
Direct:  (772) 263-2515
Email:  AndySpearsFL@gmail.com

      

 

Comments (3)

Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

YES  it is...and more importantly in many markets...the year to SELL to fight off thinventory !

Jan 07, 2018 08:50 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is excellent advice to share.

Smart consumers are anxious to take advantage of the very low mortgage interest rates.

By the way, many Maryland residents are relocating to Florida.

Jan 08, 2018 09:03 AM
Andy Spears

Roy feel free to refer them to us. Happy to pay you a referral fee.

Feb 12, 2018 03:34 AM
Dana Hollish Hill
Hollish Hill Group, JPAR Stellar Living - Bethesda, MD
REALTOR * Broker * Coach

Those sure are three good reasons to buy. I hope buyers take your advice!

Jan 08, 2018 08:15 PM