South Florida Real Estate News
High interest rates and inflated house values have made buying a house difficult for first-time homebuyers. Although home prices continue to break information, worth progress is slowing due to loosening inventory and sluggish demand. At the same time, patrons are gaining buying energy and leverage when negotiating with sellers. This means there might be a continued lock-in effect, which means there’s a niche between current charges and the rates owners have already got on their outstanding mortgages. About two-thirds of outstanding residence loans have a fee beneath 4%, Realtor.com information reveals. As a result, potential house sellers may be much …