Are you in the market for a new home or thinking about refinancing your current mortgage? Then you need to know what’s going on with mortgage rates. What’s Going On With Mortgage Rates? In the past, mortgage rates have followed the 10-year U.S. Treasury yield. However, recent instability in the banking sector has caused many… [Read more…]
How the Housing Shortage is Affecting Vero Beach Real Estate Prices
The housing market is in a state of flux, with prices fluctuating wildly in different areas. However, one factor that is helping to keep home prices from crashing is the current housing shortage. This phenomenon is particularly evident in Vero Beach, where demand for housing is outstripping supply. Watch the following short video to explain… [Read more…]
The Future of Home Prices in Vero Beach for 2023: Insights and Considerations
In recent times, the trajectory of home prices nationally and as an extension in Vero Beach, has become a subject of intense discussion. Various predictions have been put forth, ranging from a massive decline in prices reminiscent of the 2008 crisis – which has not occurred – to regional appreciation or depreciation depending on the… [Read more…]
Vero Beach Market Report for 32963 February 2023
The Vero Beach Real Estate Market Report for zip code 32963 in February 2023 shows that we have a split personality market with a Buyers Market for single family homes and a Sellers Market for condos on the barrier island. The inventory continues to increase while demand has remained at the same levels. As we… [Read more…]
Vero Beach Mainland Market Report February 2023
The February 2023 Real Estate Market Report for Vero Beach Mainland shows that we are went back to a Sellers Market as the influx of visitors created higher demand for homes on the mainland. The strong market activity now has a positive impact on pushing home prices higher. Although sale prices are slightly higher this… [Read more…]
Vero Beach Mainland Market Report January 2023
The January 2023 Real Estate Market Report for Vero Beach Mainland shows that we are now in a Balanced Market as the increase in the inventory and slower buyers’ demand, continue affecting sales and sale prices. . However, we are anticipating a strong market activity now that we have entered the traditionally strong winter season… [Read more…]
Vero Beach Market Report for 32963 January 2023
The Vero Beach Real Estate Market Report for zip code 32963 in January 2023 shows that we have a Buyers Market for single family homes and a Balanced Market for condos on the barrier island. The inventory continues to increase while demand has remained stable. As we are now into the traditionally strong winter season,… [Read more…]
Vero Beach Real Estate 2022 Year in Review
A review of the Vero Beach Real Estate market in 2022 shows a 2 faced market, with the great action of 2021 carrying over into the first half of 2022 with most areas been in Sellers Market with buyers actively looking for a home in Vero Beach Florida. However, the rising inflation and the FED’s… [Read more…]
Vero Beach Market Report for 32963 December 2022
The Vero Beach Real Estate Market Report for zip code 32963 in December 2022 shows that the market continues to be a Buyers Market for single family homes and now also for condos on the barrier island. The inventory continues to increase while demand has remained subdued. As we are now entering the winter season,… [Read more…]
Vero Beach Mainland Market Report December 2022
The December 2022 Real Estate Market Report for Vero Beach Mainland shows that the market is barely staying in the Sellers Market category but the increase in the inventory and subdued buyers’ demand, may continue affecting sales and prices moving forward. . We are anticipating a strong market activity as we enter the traditionally strong… [Read more…]