Tag: housing market update

Housing Inventory Gone Wild

September 15, 2023

There are a lot of people looking for and anticipating a housing market crash. Interest rates have been hovering in the low 7% range and are at the highest rates we’ve seen since 2000. Homeowners Insurance is getting challenging to find for some of the homes in the area. Add to the mix the tropics heating up with our first named hurricane to hit the state of Florida in August…things are certainly lining up for a housing market crash. … More Housing Inventory Gone Wild

March 2023 Housing Market Update Brevard County and Cocoa Beach Florida

April 14, 2023

Let’s talk about signs of a housing market crash. The inventory will definitely begin to rise. The number of sales will be dropping below recent trends. Prices would start dropping. Foreclosures would be on the rise. Here is what’s happening in Brevard County Florida … More March 2023 Housing Market Update Brevard County and Cocoa Beach Florida

February 2023 Housing Market Update Brevard County

March 10, 2023

Is a total housing market crash still coming?? Maybe…I believe any major adjustment in our housing market happened in 2022 with the increase of interest rates. If the rates spike to over 7% or test the 8% levels, we will see another slowdown in buyer patterns. If they drop to under 6% we will see a spike in new buyers … More February 2023 Housing Market Update Brevard County