The infographic below shows the latest monthly results for the single-family home market in Manatee County.
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Manatee County Update
Category: Real Estate
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Hometown Heroes
Florida Realtors provided us with this nice infographic explaining the Florida Hometown Heroes Housing Program. This is a great benefit for some of our heroes.
Mortgage interest rates have risen sharply again over the last 30 days. The recent change will cost new borrowers over $59 per month for every $100,000 borrowed. Average U.S. interest rates for 30-year fixed rate mortgages were at 6.92% as of this week. Last month at this time, they were sitting at 6.02%.
In the short-term, history tells us we will likely see some level of reduced demand in our area due to Ian. That said, given how we avoided the worst of the storm when compared to our neighbors to the south, I expect that the hurricane reduction to be less than what we experienced post-Irma in 2017.
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Home Selling Tip
Ambience matters when getting the best price for your home, especially with the market shifting towards a balance of power between buyers and sellers. Here are some music suggestions from Florida Realtors.
