The infographic below shows the latest market results for single-family homes in Sarasota County.
Categories
Sarasota County Update
Tag: real estate
Categories
Manatee County Update
The infographic below shows the latest monthly results for the single-family home market in Manatee County.
Categories
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.