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Something Big Is Happening

Thursday, May 26, 2022   /   by Flr Team

Something Big Is Happening

Something big is happening! 

This historically competitive housing market is showing early signs of a shift. 


We’ve seen 121 consecutive months of home price acceleration, the longest running streak on record! Now, there are national projections saying home prices will drop slightly in the coming year. 


Rising mortgage rates are sure to cool the seller’s market down. Wishful homebuyers may now be getting priced out of their dream home and others may even lose their loan eligibility.  


Despite those concerns, many local buyers remain in the market and need to buy their next home. We may even continue to see home prices rise slightly due to the ongoing low housing inventory and continued growth in the area. 


But what does all this mean for you?

Contact our team at Florida Lifestyle Realty to learn more about what to expect in the changing housing market and how it may affect you.


Florida Lifestyle Realty

(321)613-5922

 
Florida Lifestyle Realty LLC
Jackie Griffin
6500 N. Atlantic Ave. Suite C
Cape Canaveral, FL 32920
321-613-5922

The information displayed on this website comes in part from the Broker Reciprocity Program of Brevard County, Florida. Real estate listings held by brokerage firms other than Florida Lifestyle Realty LLC in Florida are marked with the Broker Reciprocity thumbnail. Copyright 2014 Space Coast Association of REALTORS®, Inc. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.com. June 26, 2022
Copyright 6/26/2022 4:02 PM CST New Smyrna Beach Board of REALTORS®, Inc. All rights reserved”. NSBBORMLS data is provided solely for publication on the Internet as a tool for consumers to search and view properties available for sale, which have been listed with NSBBORMLS members. “IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties to consumers that may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS”
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