Hello, Hope your week is going great!
Have you ever heard the phrase " Sell in May and Go Away"?
It's an old stock market adage that suggests investors should sell their stocks in the summer because the return was less than in the fall & winter. That may be the case in real estate this year as well. Inventory is rising (not jumping or spiking) but rising, here in NE Florida it's up @ 10% from last week. With 2,300 residential properties for sale as of today. While demand is still strong it is not what it was even a month ago. As with the stock market, it's impossible to time the real estate market. But both buyers and sellers wanting to make a move this Spring/Summer, should be consulting with their Realtors and mortgage brokers every few weeks to keep tabs on their interests going forward in the coming month. The high selling month of May.
Stay on top of the value of your home - Here
See the newest listings - Here
Mortgage News:
Rates didn't move much from last week but something to keep an eye on, Adjustable rate mortgage demand is at it's highest rate since 2009...
If you need info on obtaining a mortgage click here.
Foreclosures :
There are double the number of foreclosures from last week - 12 You can check them out here-> Current Foreclosures in NE FLorida
Have a great rest of your week, please give me a call if you ever need anything.
Thanks
Wes Broxson
Realtor® | Broker Associate
EXP Realty
904-716-3387
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