Tag: Lakewood Ranch
CoreLogic is forecasting low risk of our homes going down in price over the next 12 months (see chart below). Our area falls into the “very low” category, with a less than 10% chance of price depreciation. As the U.S. population continues to shift in our direction, I agree with the company’s assessment that it is much more likely we continue to see rising home prices in the next year.
We saw a major dip in YoY closed home sales in Manatee in March as the lack of active inventory continues to drag the market down for home buyers. If there is a silver lining, it is that new listings are up YoY. I would like to see active inventory levels about five times higher than they are today. With that, we would see more balance in our local market. See the infographic below for more details.
Happy Easter!
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.