The infographic below lists advice from Florida Realtors regarding lesser-known financing options.
Categories
Financing Your Home
Tag: home buying
In March, the market for single-family homes in Sarasota County continued on the same path that we have observed over the last several months. Although sales remain slightly down year-on-year, the median sales price continues to trend upward. While we saw a shift in Manatee, Sarasota’s statistics remained unchanged.
Although we could still use more inventory in Sarasota, the market is in good shape as we head into summer. As all-cash sales decline, buyers requiring financing now have more opportunities to find their dream home.
The market for single-family homes in Manatee County is continuing to shift. For the first time in quite a while, we are seeing growth in YoY transactions. Strangely enough, the increased transactions are coupled with a reduction in median sales price. The median sales price has been defying gravity for well over a year by just going up and up regardless of the number of homes sold. Despite the shifts in narrative in sales and sale price, the market continues to be very healthy. See the infographic from Florida Realtors below for more details.
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Tips for Global Buyers
The infographic below contains advise from Florida Realtors on how to ensure out-of-country buyers can ensure a successful Florida transaction.
Over the past month, mortgage interest rates have decreased, which is good news for new borrowers. For every $100,000 borrowed, the recent drop in rates will save them approximately $21 per month. As of this week, the average interest rate for 30-year fixed-rate mortgages in the United States was 6.27%. This marks a notable improvement from the 6.6% rate observed last month.