This is Something to Think About 01.24.19 "Still Time to Buy That House”
Something to Think About
Audio By Carbonatix
Bill Bunkley’s “This Is Something To Think About”
Air Date Thursday, January 24, 2019
"Still Time to Buy That House”
Bill Bunkley with Something To Think About
I don’t know if you noticed, but in most Central Florida communities new “For Sale” signs erected since early December are still there because homes have mostly gone unsold.
As long-term mortgage rates edged up to the 4.5% range, the booming sellers’ market has greatly diminished. Buyers are balking at the higher rates.
As a Realtor Estate Broker since 1975, I remember when mortgage rates hit 18% when Jimmy Carter was President.
Inventory is slowly building back up, rebalancing supply and demand. Buyers have both more options and time to make careful decisions about their next home without being rushed by the fear they would miss their dream home because of swift competition.
There is still time to buy before further rate increases, and 4.5% is a very reasonable mortgage rate.
I’m Bill Bunkley. Catch my show weekdays at 4. Get the latest local and Florida updates by following @wtbn on twitter, or like us on Facebook @ wtbnAM.
Copyright © William H. (Bill) Bunkley 2019 All Rights Reserved.
