Category: Home Buying

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Home Buying Home Selling Real Estate

Sarasota County Market Update for Single-Family Homes

Sarasota County ran a little hotter than Manatee County in April for closed home sales. That said, the market is still in balance for home buyers and sellers as we head into our slower season. If you are selling your home in Sarasota County, you are most likely going to have to put your best foot forward in terms of preparing/staging the home for sale to ensure an optimal price in a quick timeline. If you are interested in buying, there is likely some value to be found, but don’t be surprised when you run into competition for the most attractive properties. The infographic from Florida Realtors below provides more on April results.

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Home Buying Home Selling Real Estate

Manatee County Market Update for Single-Family Homes

New listings outpaced closed sales in April in Manatee County. That said, new pending sales are up year over year, and the market seems to be finding a good balance for home buyers and sellers. As we are heading into our slower summer, there is value to be found for buyers; however, sellers can still do well when they ensure their home is staged for sale. The infographic below from Florida realtors contains more details on the month of April.

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Home Buying Mortgages Real Estate

Mortgage Interest Rate Update

Mortgage interest rates have trended slightly downward over the past 30 days. The recent change will save new borrowers about $5 per month for every $100,000 borrowed. As of this week, the average U.S. interest rate for 30-year fixed-rate mortgages is 7.02%, compared to 7.10% a month ago. Forecasts for future interest rate changes remain mixed.

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Home Buying Home Selling Real Estate

Future Home Sales

Despite home sales hitting a 30-year low, the long-term population growth in the U.S. indicates a likely rebound in homebuying activity soon. With 70 million more Americans today than in 1995, coupled with escalating housing needs, it’s improbable that home sales will stay low for long, despite the current economic complexities.


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Home Buying Home Selling Real Estate

Real Estate Transaction Process

As a real estate professional, it is easy to forget that not everyone is familiar with the transaction process. I find the infographic below from Florida Realtors to be helpful when familiarizing people with the steps we will go through for a home sale or purchase.