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Price Adjustments in Florida Rise Rapidly

Lamacchia Realty

The chart below shows the median time to contract, which is the number of days it takes for the property to be considered off the market. A lack of showing requests or a poor turnout at an open house signals it might be time to reconsider and reduce your listing price to draw more interest.

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Price Adjustments in this New Housing Market

Lamacchia Realty

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. In addition, mortgage rates are at an all-time low. Some companies are offering 30-year fixed-rate mortgages for less than 2.3%. a “Checks and Balances” system.