What happened to our "seller's market"? Is it now a "buyer's market"? Is this a good time to sell my home? These questions and more are answered in our latest article on the Orlando housing market:
That dreaded "I-word" (inflation) is the cause of everything we consume being more expensive, including housing. When the Federal Reserve started raising the 'federal funds rate' (the rate that banks use to borrow money from each other), that triggered all kinds of interest rate hikes, including mortgage rates. But inflation is largely to blame for higher mortgage rates. Lenders don't make the same level of profit on a loan in this inflationary market, because they know the majority of loans written in 2022 will be refina...