Is This Another Bubble? Or is the Market Hot!?

Is Northeast Florida a hot market or a housing bubble?

According to recent reports by the Northeast Florida Association of Realtors, home sales in Northeast Florida for June were up almost 13% over May 2015. June 2015’s total sales were higher than even May 2006. This has a few people worrying that there is a bubble, but most economic forecasters feel confident that sales levels are simply bounding back after years of being flat. Institutional investors who bought property when the market was very low are still in a holding position and renting properties to tenants rather than beginning to divest themselves of real estate.

Are you on the fence about selling your home? If you waited through the difficult years and are finally beginning to see that you’ll get your money out of it, this may be the moment for you. If, on the other hand, you are still close on what you owe vs. what your home is worth, it may be a good strategy to hold a little longer. Property seems strong and interest rates have not adjusted themselves upwards.

If you are a potential buyer and haven’t committed to purchasing a home at this time, this may be your best chance. Property values are still slowly rising and banks have continued to keep the mortgage rates at an unusually low historical level. Now, it’s just a matter of deciding which house, or style of home, you are interested in purchasing.

We can help you with that. Whether it is a townhome or a single family dwelling, has a dock or overlooks a golf course, there is a home in Palm Coast for you and your family. Let us know what your vision is for your life and we’ll help you achieve it.

Call the team at RE/MAX Flagstaff to work with professionals dedicated to making your next home purchase the best purchase of your life! Call us at 386-246-8585 to talk to a sales associate today!

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Thursday, 17 October 2019

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