Frank Plesko
Posts with tag 'selling my home'
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Why should I sell my home and buy again only to have a higher mortgage payment?
This brief Q+A may help you decide if NOW is a good time for YOU to sell your current home, then buy your next home!
Q – Won't prices come down because of higher interest rates? Isn't the market going to crash?
A – Rates have been higher since May 2022, and it is NOT happening. For July 2023, prices/values are flat vs. this time last year. It's been that way for about 3-4 months now. Demand for Florida (Orlando-area) housing is very high, with buyers from high-tax states as well as international buyers continuing to drive our market. Instead of prices coming down, savvy sellers and builders are offering interest rate buy-down cash contributions to buyers, which allow buyers to
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What happened to our Real Estate Market in 2022? What's in store for 2023?
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...
