Found 2 blog entries tagged as florida keys real estate.

by Karen Williams-deCastro- Broker Associate®, C2EX, RSPS, GRI, SRS, ABR, SFR, AHWD, CELA, CREN

A growing share of home buyers and sellers sat on the sidelines last year as the pace of home sales continued its downward trajectory.1 In fact, since the Federal Reserve began its series of interest rate hikes in 2022, the combination of higher borrowing costs and record-high home prices has fostered the steepest real estate market slowdown since the 2008 recession.2

Priced out of the market, a generation of would-be buyers has been forced to delay their plans for homeownership.3  At the same time, current owners—reluctant to give up their pandemic-era mortgage rates—are waiting to sell, which has resulted in a sharp drop in…

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Thinking of downsizing or selling your Florida Keys home but uncertain if its the right time? You are not alone.  The average length of time a homeowner stays in their home in the US is typically around 7 years. Taking a look at the real estate market over the past 10 years will give us some insight as to why many homeowners are starting to stay in their homes longer and if this is the right move, or not.  Request an automatic or in-person home evaluation here.

Over the past decade we have experienced some of the lowest mortgage interest rates our country has ever seen. In the year 2013 rates were attractively hovering around 3.6% - 3.99%. In 2020- 2021 we saw numbers dip below 3%, practically free money!  We are now feeling the effects of this but in…

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