Real Estate Trends
Well priced homes are selling faster which has made 2nd time home buying more possible for more Americans than in the last few years.
In Miami and Fort Lauderdale, for example, the average closing days are 30 more or less. We are seeing more equity as well as higher improvement projects and step up buyers.
Even with a downturn in the real estate market looming on the horizon, home sales are still headed for another record year.
Low interest rates is continuing to be a positive trend of the housing market. Low rates average with the 30-year fixed-rate loans, still at the lowest since the 1960s.
Real-estate analysts believe that if the housing market stalls, some areas will continue to grow modestly while other markets gradually go soft, rather than pop.