MORTGAGE DEMAND

Mortgage demand refers to the desire of consumers to obtain loans for purchasing real estate. It can be influenced by various factors, including interest rates, economic conditions, housing prices and consumer confidence. When interest rates are low, more people are likely to seek mortgages, as the cost of borrowing is reduced. Conversely, higher rates can dampen demand. There are other key factors affecting mortgage demand, housing market trends. If home prices are rising, buyers may rush to secure financing before prices go higher. Also with government policies and incentives such as tax breaks or first-time buyer programs can stimulate demand. There is consumer sentiment with optimism about future financial stability can encourage people to take on long-term debt.

INFLATION

There are several ways and inflation can have impact on the housing market, affecting both buyers and sellers, here are some key ways inflation influences this sector. Inflation typically raises the cost of materials and labor, making it more expensive to build new homes. This can lead to a slowdown in new construction, which may reduce housing supply over time. With higher interest rates central banks may raise interest rates to combat inflation. Higher interest rates can lead to increased mortgage rates, making borrowing more expensive. This can reduce demand for purchase of a home as for contributing to a higher monthly payment. 

During inflationary periods, real estate is often viewed as a hedge against inflation. Investors may turn to real estate as a more stable investment compared to cash or bonds which may lose value in real terms. With wage growth and rise in response to inflation, buyers may find themselves with more disposal income, which could increase buyer demand for homes, even in a high inflation environment. With market volatility, inflation can lead to uncertainty in the market, causing fluctuations in home prices and buyer behavior. This uncertainty can make it challenging for both buyers and sellers to make informed decisions. You trusted advisor can source you a few good lenders  to help you make the right decision at the right time. Click link to learn more on inflation /INFLATION---32819---32836---Dr--Phillips-6-22829.html

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 to purchase or for the sale of your home. In the absence of trustworthy and up to date information whether it's a housing crisis or local housing market, real estate decisions are being driven by fear, uncertainty and doubt. We as trusted advisors drive the real estate community to ensure you are making the right decisions.

Part of my job is to keep you informed and educated of the local housing market trends, buying and selling process to include real estate common terms and videos. Don't get confused with the media, they talk national data, I can provide most up to date and local area data.

So don't let this shifting housing market delay your dreams, data reveal home values typically appreciate over time and that gives your net worth a nice boost. When you are looking for a home, look for your realtor with the heart of a teacher. If you are ready to start your journey, contact Kevin Strawter today at 850 496-6412 to begin a new walk to homeownership and all your real estate needs. Referrals always welcomed.