Marry the House, Date the Rate?!
If you haven’t heard the hottest catch raise in real estate today let me introduce you! So what are we saying by marry the house, date the rate? With mortgage rates fluctuating, home prices bouncing all over, and inventory volatility we, as professional real estate agents, have to provide as much sound reason and statistical data to our clients to help them make the most informed decision when buying and selling property. And what we know to be true is that rates may come down, will more than likely go up, but that perfect home that checks all the boxes comes around just once. It is better to purchase that perfect home and source alternative mortgage rates down the road then to wait and likely have to purchase something less desirable with a higher rate than you can obtain today.
Who do you know waiting to buy until interest rates come down? Who do you know waiting to sell until homes start selling for $50,000 over asking again?! Have them call me today!
Orlando Real Estate Market
October 09, 2022 – October 15, 2022
Single-family existing homes
- Sales of single-family homes decreased to 440 during the week of Oct 09, from 479 the week prior
- The median price of single family homes decreased to $411,500, a change of -0.8%
- Single-family inventory increased by 50, and now sits at 4,998
Sales of condos, townhomes, and villas
- Sales of condos, townhomes, and villas decreased to 144 during the week of Oct 09, from 156 the week prior
- The median price of condos, townhomes, and villas increased to $275,500, a change of 7.4%
- Condo inventory increased by 3, and now sits at 1,655