Category: Uncategorized
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Brought to you by The Cantrell Team | Why Florida’s Homebuyer Magnetism?
Amid challenges, Florida remains a viable option for homebuyers. Florida's lack of state income tax attract Real Estate investors and residentsFlorida attracts investors due to: Thriving economy ↓ Unemployment Strong job market
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Brought to you by The Cantrell Team | When Will Mortgage Rates Fall
Mortgage rates have risen over the past 18-mo as the Federal Reserve increased its benchmark interest rate to combat inflation.The Fed's actions indirectly influence mortgage rates, and if inflation is controlled, rates may eventually decrease.
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Brought to you by The Cantrell Team | Santa Rosa County Market Update
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Brought to you by The Cantrell Team | Florida State Market Snapshot
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Brought to you by The Cantrell Team | Discover the Top 4 States in Terms of Housing Value
California: $10T, ↓ 3% since the June 2022 peak. Florida: $3.8T, ↑ 4% since June 2022. New York: $3.7T, ↓ 0.2% since June 2022.
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4 important homebuying tips for 2024
In November 2023, buying a home is a difficult process with high mortgage rates and a low housing supply. However, following certain steps in 2024 could make it easier for homebuyers. Tips to consider include waiting until the second half of the year when there is potential for interest rate cuts, shopping for a mortgage…
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Brought to you by The Cantrell Team | Florida’s Housing Market on the Rise in Rankings
Florida holds the second most valuable housing market in the US, surpassing NY. Factors Behind Florida's Market Surge: Population growth ↑ housing demand Single-family median: ↑2% yearly to $415K ↑New home sales Rent stable
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Florida’s Mortgage Delinquency Rate Is Lower Than the National … – Cleburne Times
The CARES Act provided relief options for federally-backed mortgages during the pandemic, which helped keep Americans in their homes. Mortgage loans make up a significant portion of household debt. Financial assistance programs reduced delinquency rates, but missed payments have increased with the end of these programs. Delinquency rates vary by location, with the South and…
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October 2023 Housing Market Trends Report
In October 2023, the inventory of homes for sale continued to grow late into the season, with 2.0% fewer homes actively for sale on a typical day compared to the same time in 2022. The total number of unsold homes, including homes that are under contract, decreased by 3.7%, and newly listed homes were 3.2%…
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2nd Look at Local Housing Markets in October
Closed sales in several early reporting local housing markets in October were down compared to the previous year. The decline was smaller than in September, but seasonal adjustments are expected to result in a larger decline. The October existing home sales report is predicted to show another significant year-over-year decline. This will mark the 26th…