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”
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.
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”
What you are seeing in the graphic above is the Real Estate sales stats from March 2022 from Florida Realtors association.
Stats for March 2022 Real Estate sales and other market info
We’re still in a seller’s market, but that doesn’t mean your home is guaranteed to easily sell.1 If you want to maximize your sale price, it’s still important to prepare your home before putting it on the market. Start by connecting with a real estate agent as soon as possible. Having the eyes and earsContinue reading “Seller’s Checklist: A Timeline to Prep Your Home for Sale By Todd Mowry Your Local Orlando Realtor”
Real Estate is a great hedge against inflation because home prices usually rise with inflation
New Build or Existing Home: Which One Is Right for You? Homebuyers today are facing a huge dilemma. There simply aren’t enough homes for sale. Nationwide, there were 1.27 million active listings in September, down 13% from the previous year. According to the National Association of Realtors, that’s about 2.4 months of inventory, which is farContinue reading “Looking for a New Build? Read This First. -Todd Mowry Local Orlando Realtor”
Orlando Housing Market Activity Orlando Area Residential Real Estate Snapshot for August 2021 State of the Market Orlando’s median home price remained unchanged in August 2021 from the prior month – a record-high $320,000. The median price is 16% higher than August 2020’s $275,000. Sales fell for a second straight month this summer. In August 2021,Continue reading “Orlando Area Market Update For August 2021 from the Orlando Regional Realtors Association”
Here is a Central Florida Real Estate Market Update for June 2021 There is a new low for listings days on market, and it happened this June. A new low of 29 Days on Market is a new post recession of 2007 low. State of the Market for June 2021 Here is what is goingContinue reading “Central Florida Market Update for June 2021”