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Are you still renting and thinking of making that first time home buyer purchase?
Are you holding off of selling your house and making a move to either a bigger house or want to downsize?
These are questions many renters and homeowners are having with the recent market changes.
Here are some key take-aways:
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Sales of existing homes will grow moderately as buyers become accustomed to higher prices and mortgage rates, but transactions could surge if rates decline.
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New policies on real estate commissions and the sharing of home listings on public MLS systems will likely vary between regions before revamped national rules are enforced.
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Newly built homes will continue to fill in the supply gaps created by the lack of existing home inventory, especially by homebuilders who can buy down mortgage rates.
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Mortgage rates will likely range from about 6% to 7% unless there is a recession, but short-term lending rates will continue falling through 2026.
Where did this all come from? This is a great article explaining what MAY happen. We do not have a crystal ball. But hiring a real estate professional that can help navigate these predictions is a MUST for you moving forward.
Call a real estate professional to discuss any of your present or future real estate needs.
Thinking of making that MOVE to the SPACE COAST?
Let's discuss these next few years together.
