The infographic below shows the latest results for single-family home sales in Sarasota County. Like Manatee, the current challenge that is the most difficult is the active inventory level (which is way too low).
Category: Home Buying
This infographic shows a snapshot of single-family home sales in Manatee County in January. The active inventory figure continues to be the most troubling in our market.
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Home Buying Thoughts
The following chart from Florida Realtors shows some typical home buying costs you may not have thought about. Let me know if you have any questions.
We saw mortgage interest rates continue to trend higher in the last 30 days. The recent change will cost new borrowers another $13.50 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 3.69% as of this week. Last month at this time, they were sitting at 3.45%. Of course, both are historically low.
U.S. home prices soared at their highest rate on record last year. Most economists saw that price growth as simply unsustainable. Virtually every forecaster predicted home price growth would slow significantly this year.