National Real Estate Market Update for 2023
Posted by Karen Williams- deCastro on
by Karen Williams-deCastro- Realtor®, C2EX, RSPS, GRI, SRS, ABR, SFR, AHWD
When you are looking at Real Estate, you likely think to yourself: location, location, location. And not many places are more beautiful than the Florida Keys. But ever since the Federal Reserve began its series of inflation-fighting interest rate hikes last year, a new mantra has emerged for a lot of us: mortgage rates, mortgage rates, mortgage rates.
Higher rates had the immediate impact of dampening homebuyer affordability and demand. But this year, we’re seeing further repercussions. While analysts expected listing inventory to swell as sales declined, instead, homeowners have been pushing off plans to sell because they feel beholden to their existing, lower mortgage…
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