ARE PRICES GOING UP

The vast amount of home buyers across the nation wonder, are prices going up? Typically the home prices start to increase in the spring housing market. This is where kids are nearly out of school and with buyer demand starts to grow. November typically is where the season slows down. This is defined a seasonality where a pattern or variation or fluctuation that is correlated with a season. Why are prices going up? While there are more homes coming on the market right now, in spring of 2024 buyer are truly trying to figure out how to purchase a home with a seven percent interest rate. It's simple contact Kevin Strawter at 850 496-6412, I have the secret. There are still not enough homes for sale to meet buyer demand. When more people want to buy than there are homes available on the market, home prices climb.  This shows that it is a seller market.

ECONOMIC FACTORS

A strong economy, job growth and rising incomes can also influence home prices. When people have more disposable income, they are more likely to invest in real estate which drives up demand and prices. The housing market go through highs and lows and historic trend is every 17-19 years. During an upward cycle, home prices tend to rise as demand exceeds supply, it's called supply and demand. However it's important to note that markets can be regional, and not all areas experience the same level of price increases.

It's essential to monitor local trends and consult a real estate professional or trusted advisor to understand the different dynamics in your area. Keep in mind that while home prices maybe increasing overall, there can still be variations within different neighborhoods and property types. 

TRUSTED ADVISOR

As a trusted advisor, professional realtor and retired military veteran I am here to serve you in the Dr. Phillips and Central Florida housing market for the sale or purchase of a home. In the absence of trustworthy information whether it is a housing crisis or local housing market, real estate decisions are increasingly being driven by fear, uncertainty and doubt. We as trusted advisors drive the real estate community and always preaching the gospel of real estate. I emphasize that education is a must for the community to make sure you are making the right decision.

Part of my job is to keep you educated of the local market trends, pricing inventory level, buying and selling process to include common terms and videos. It's important to keep up to date on housing market trends, don't get confused with the media, they talk national level, I can provide the most up to date local area data.

So don't let this shifting housing market delay your dreams without a seasoned real estate expert. Data reveal home values typically appreciate over time and that gives your net worth a nice boost.  When you are ready and looking for a home, look for your realtor with the heart of a teacher. If you are ready to to start your journey, contact Kevin Strawter at 850 496-6412 to begin a new walk to homeownership and all your real estate needs. Referrals always welcomed.