The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down in overheated real estate market.

Over the past 2 1/2 years, home prices have appreciated at an unsustainable pace causing many to ask, “Are things just slowing down, or is a crash coming?” To answer this question, there are two things that we wanna understand. The first is the reality of the shift in today’s housing market. And the second, is what experts are saying about home prices in the coming year.

The reality is, we’re seeing a big change in housing supply and demand. In South Florida, listings have increased about 30% compared to last year, while showings are down almost 17%. This is an inflection point for…

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It’s clear the 2022 Housing Market has been defined by rising mortgage rates. With rates on the rise, it’s also become more costly to purchase a home.

Mortgage payments are up over 50% compared to a year ago because of the difference in interest rates. This jump is making homes less affordable especially when compared to the last two years when mortgage rates were at historic lows which has caused so many would-be buyers to reevaluate their plans.

The good news is that you can navigate today’s housing market in this rising rate environment with a few simple tips. Here are three things you may wanna consider to make your homeownership goals reality.

Number one, expand your search criteria. If you’ve been looking for a home at a certain city…

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Mortgage rates have increased significantly in recent weeks and many people have questions on how this affects them if they’re buying or selling a home.

As mortgage rates rise, they impact your purchasing power by raising the cost of buying a home and limiting how much you can afford for the same payment. Let’s assume you wanted to buy a $400,000 house. If you’re trying to shop at that price point and keep your monthly payment about $2,500 to $2,600 or below, here’s how your purchasing power can change as mortgage rates climb.

The red shows payments above that threshold and the green indicates a payment within your target range. As rates go up, the amount you can afford to borrow decreases and that may mean you have to look at homes at a lower…

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Data shows that 51% of homeowners have a mortgage rate under 4% as of April of 2022. Many people are worried about selling a home with a low interest rate and buying a new home with an interest rate that could be almost twice as high.

And while it’s true that mortgage rates are higher now than they were the last two years, there are other non-financial factors to consider when it comes to making a move. You may have other things going on in your life that making a move is essential, regardless of where rates are.

The 2022 Summer Sellers Survey by recently asked home sellers why they decided to sell. As the visual shows, an appetite for different features or the fact that their current home could no longer meet their needs top the…

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Hey, it's Andy with the Mandel Team at Remax and I'm here to bring you your October 2022 Housing Market Update.

As always, for the purposes of these videos we’re gonna be talking about single family homes only in Boca, Parkland, and Coral Springs. Those are the areas where our team does the predominant amount of our business. And we’re gonna be giving you the leading indicators showing you what’s going on in the real estate market right now not where it's been. So let’s get into it.

The first stat we’d like to look at is the number of new listings hitting the market. And despite what you may be hearing on the news, new listings in our area in September compared to September of 2021 were actually down 25%. At the same time, the number of…

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