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National Real Estate Market Update for 2023- From Todd Mowry Your Local Orlando Area Realtor

Here are several key indicators that help to paint a picture of the current market and where it’s likely headed.

What recent bank failures mean for mortgage rates (and you)-Todd Mowry Your Local Orlando Area Realtor

The recent collapse of Silicon Valley and Signature banks sent shockwaves through the financial sector, causing a ripple effect through the economy.

While the situation has been challenging, there’s also been a silver lining in real estate:

Mortgage rates are down.

Read on for a summary of the situation, as well as what it means for homebuyers, sellers, and owners like you.

2 Things Sellers Need to Know This Spring From Todd Mowry and Keeping Current Matters.com

A lot has changed over the past year, and you might be wondering what’s in store for the Spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in mind.

Orlando and Surrounding Area Housing Market Update for January 2023- Todd Mowry Your Local Orlando Realtor

Here we are in a new month and a new year. The housing market is still moving along…it just has slowed down a bit compared to the few torrid paced years we had before. We are also coming into a new year and out of the holidays which is a slower time of year for home sales in general every year. The FED has raised rates again, but they are still staying in the same ballpark of rates that has been the average over the past 30 or so years. The past 30 years the average after the peaks and valleys has been around 6 to 7% and thats where we are. I don’t see 4% or less coming back anytime soon. It would be great, but for all of you holding out for that again..good luck. Right now if you plan on buying a home in the near future… soon… if not now is a good time if you want to have more choices and be able to take your time. The buying cycle has slowed down to more of a normal pace and buyers and sellers can breathe and real contract negotiations and home inspections can go back on again. Buyers have more to choose from and sellers actually have to paint and fix problems that were being overlooked in the past months and couple years. Springtime historically is going to be busier so start looking now if you are ready. Prices might drop more later, but then people are going to start jumping back into the maket and the deals will be there, but have more competition again less time to make a decision.

Market Update For December 2022 In The Orlando-Kissimmee-Sanford Area — Todd Mowry Your Local Orlando Realtor

Time once again for a market update for Orlando-Kissimmee-Sanford and the surrounding communities. As you can see from the graphic above…

2023 Real Estate Market Outlook (And What It Means for You)- Todd Mowry Your Local Orlando Area Realtor

Last year, one factor drove the real estate market more than any other: rising mortgage rates. In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly. BothContinue reading “2023 Real Estate Market Outlook (And What It Means for You)- Todd Mowry Your Local Orlando Area Realtor”

HIGHER RATES & SHORT SUPPLY: THE STATE OF REAL ESTATE IN 2022 – Todd Mowry Your Local Orlando Area Realtor

The last two years caught many of us off guard—and not just because of the pandemic. They also ushered in the hottest housing market on record, with home prices rising nationally by nearly 19% in 2021, driven primarily by low mortgage rates and a major supply shortage.1 But while some had hoped 2022 would bringContinue reading “HIGHER RATES & SHORT SUPPLY: THE STATE OF REAL ESTATE IN 2022 – Todd Mowry Your Local Orlando Area Realtor”

Will Real Estate Prices Come Down? – Todd Mowry Your Local Orlando Area Realtor

Many people are wondering if prices will come down. There’s lots of evidence to show that prices will slow down and level off for a bit but not a lot of evidence so far…at least here in Central Florida… that prices are going to have a significant drop off anytime soon.

How to take Advantage of Your Home Equity- Todd Mowry Your Local Orlando Realtor

Homeownership offers many advantages over renting, including a stable living environment, predictable monthly payments, and the freedom to make modifications. Neighborhoods with high rates of homeownership have less crime and more civic engagement. Additionally, studies show that homeowners are happier and healthier than renters, and their children do better in school.1 But one of theContinue reading “How to take Advantage of Your Home Equity- Todd Mowry Your Local Orlando Realtor”

5 Ways to Write a Winning Offer in Today’s Real Estate Market – Todd Mowry Your Local Orlando Realtor

Our nation is in the midst of a serious housing crunch. Last year, a lack of inventory and soaring prices left many would-be homebuyers feeling pinched. But now, with interest rates climbing, many of them are also feeling desperate to lock in a mortgage—which has only added fuel to the fire.

Fortunately, if you’re a buyer struggling to find a home, we have some good news. While it’s true that higher mortgage rates can decrease your purchasing budget, there are additional ways to compete in a hot market.