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With Interest rates rapidly increasing and home prices already at its all time high. What will happening in the Florida real estate market? Should you buy, sell or hold? Here you will find one real estate brokers insight and advice.
*** 300,000 home with 3% interest rate=1800 monthly payment
*** 300,000 home with 6% interest rate=2300 monthly payment
In the video, the calculations were a little off. But you should get the point.
~The point is; It is costing buyers more to buy the same property. Which means, they can afford less house that if they bought a year back.
~This is a general advice. Advices will change on a case by case basis. Please contact Eric for a personalized evaluation.