Last year, one factor drove the real estate market more than any other: rising mortgage rates. In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly. Both… [Read more…]
2023 Housing Market Forecast
Some Highlights From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation. If you’re thinking of buying or selling a home this year, let’s connect so you understand where the housing market is headed in 2023. Sources: realtor.com Home Price Expectations Survey (HPES)… [Read more…]
Vero Beach Market Report for 32963 November 2022
The Vero Beach Real Estate Market Report for zip code 32963 in November 2022 shows that the market for single family homes continues to soften and it is a Buyers Market and a Balanced Market for condos on the barrier island. The inventory continues to increase while buyers’ appetite for homes in Vero Beach has… [Read more…]
Vero Beach Mainland Market Report November 2022
The November 2022 Real Estate Market Report for Vero Beach Mainland shows that the market is still in a Sellers Market but the increase in the inventory and higher interest rates, may affect sales and prices moving forward. . We are still seeing price reductions, another indication of a softening market. The sale prices slightly… [Read more…]
Vero Beach Mainland Market Report October 2022
The October 2022 Real Estate Market Report for Vero Beach Mainland shows that the market is stable and although we are still in a Sellers Market, the increase in the inventory and higher interest rates, may affect sales and prices. . We have started seeing price reductions, an indication of a softening market. The sale… [Read more…]
Vero Beach Market Report for 32963 October 2022
The Vero Beach Real Estate Market Report for zip code 32963 in October 2022 shows that the market continues to soften and it is now a Buyers Market for single family homes and a slight Sellers Market for condos on the barrier island. Although the inventory has slightly increased, buyers’ appetite for homes in Vero… [Read more…]
Don’t Be Afraid of Today’s Vero Beach Housing Market
Although the national housing market is changing, Vero Beach market remains resilient despite the economic headwinds. As the headline indicates, you should not be afraid of today’s Vero Beach housing market. Buying or selling a Vero Beach home doesn’t need to be scary. While there are still challenges today such as High Inflation, Rising Mortgage… [Read more…]
Is it a buyers market in Vero Beach Florida?
Is Vero Beach real estate a buyers market now? I have many people who are looking to buy a home in Vero Beach asking me this question lately. We definitely are seeing a shift in real estate market nationally and also here in Vero Beach as the market is cooling in response to the dramatic… [Read more…]
Vero Beach Market Report for 32963 September 2022
The Vero Beach Real Estate Market Report for zip code 32963 in September 2022 shows that the market has softened a bit and it is now a Balanced market. The mortgage rate increase has put a damper on buyers’ appetite for home purchasing. As the summer came to a close, the low inventory continues to… [Read more…]
Vero Beach Mainland Market Report September 2022
The September 2022 Real Estate Market Report for Vero Beach Mainland shows that the although we are still in a Seller’s Market, there are some cracks in the buyer’s appetite for homes on the Vero Beach mainland mainly due to higher interest rates. . The inventory continues to increase while sales are waning. Inventory continues… [Read more…]