The next 46 months will be interesting indeed. If you’ve been on the sidelines waiting for the right time to buy a home, it’s time to come off the bench, before prices begin to rise. Prepare now. Get ahead of the curve. Meet with a mortgage broker or lender. Go through a verified pre-qualification process. Determine what level [...]
July 5, 2024
One of the best measurements of current market conditions is pending sales. It reflects market activity in “real time,” before sales close. It is a clear signal of future sales activity, the number of homes getting offers, price point, percentage spread, days to [...]
Published June 17, 2024
How popular is Sarasota County? Peer into the April numbers from Visit Sarasota:
It is noteworthy that in the face of higher interest rates and geopolitical/economic uncertainty, prices of existing single family homes in Sarasota County have fallen only in the single digits. [...]
Publised February 18, 2024
This month’s focus is on inventory, specifically the increasing supply of homes for sale. I expect inventory will continue to grow all year long. As mortgage rates go, so goes inventory. As rates rise, more buyers move to the sidelines, inventory and days on the market [...]
Interest rates drive inventory and home values. If you need to sell in this market, you must align your expectations with current market conditions. Gone are the days of multiple offers. Expect more days on the market and buyer’s in the driver’s [...]
A look into 2024: Sarasota County Home Sales
Follow the trends, take comfort in the data, and make an informed decision. That is the reason I write these commentaries.
As mortgage interest rates go, so goes inventory. Inventory increases as rates climb. As rates fall, inventory shrinks.
Volatility in interest rates creates [...]
