Where is the Tally Housing market headed next? (Lets check the stats.)

• The average home price is up 24% since March 2020.  Some experts say that is the greatest increase in the median housing market ever recorded.
• Average interest rate is 2.87% – Rates are scheduled to increase to 3.7% by 2023.
• 30% of all US dollars printed in last 12 months. – Inflation is obvious with overprinting

Interest rates will have to be raised within the next few years, for any chance of the Federal Reserve to keep this “money printing circus” under control.

Lets look at a $300,000 house bought today @ avg rate of 2.87%.
DownPayment, $10k, Monthly Payment $1,785.

Lets look at $300,000 house bought in 1 year @ 3.7%.
DownPayment, $10k, Monthly Payment $1,925.

That ~1% interest rate equates to a different of $1,680 more towards your yearly mortgage.  To match lower interest rate mortgage, buyers will have to buy at $270k to keep the mortgage the same at $1,785.

$300k – $270k = $30k.

Let me know if I can help you sell for the most money.

Chris Waters
850-320-8850
Floridarealty001@gmail.com