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Happy Easter!
Tag: Bradenton
We saw mortgage interest rates trend sharply higher in the last 30 days. The recent change will cost new borrowers another $30 per month for every $100,000 borrowed.
While it was good to see new listings start to rise, the market remains very tight in Manatee. We still have a long way to go to get to a “normal” market. That said, market dynamics can change rapidly. See the chart below for the latest results.
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What Inventory?
Zillow is reporting an extraordinarily low number of homes for sale on its platform (see chart below).
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Real Estate “Comps”
Any cursory look at the real estate market will show the dramatic change we have seen recently in housing prices. In fact, many of us can find out what is happening in our areas without the use of a real estate pro. However, when it gets down to valuing your specific home, a real estate pro will use their comparables tools to get much more precise. See the helpful infographic below from Florida Realtors.
