Tuesday, December 28, 2021 / by Scott Meadows
As we begin 2022, we’re looking ahead to the new year and anxiously awaiting what will happen in terms of residential, investment and commercial real estate throughout Florida. Although the last couple of years would have certainly been hard for those of us in the industry to predict, we are continuing to learn more about the potential for future Florida real estate, home values and where the market is likely headed. Realtor Scott Meadows has 29 years of experience in Florida real estate, and he’s been closely monitoring what’s been going on with local real estate, especially with what’s happened over the past several years and recent announcements over the past few months and weeks.
Let’s start with some of what we’re seeing right now as a Florida real estate agent and broker associate. Florida is a favorite destination for travelers, vacationers, and out-of-state buyers of all types of real estate and that’s b ...
Saturday, December 18, 2021 / by Scott Meadows
If you plan on buying a new home in 2022, you’ll want to keep a close eye on what up to three interest rate hikes could mean for your budget in the coming year. That’s what many are predicting is going to happen in 2022. For prospective homebuyers, it means you may want to act quickly to get in the home you want and secure your home mortgage. If you wait, you could end up losing out. There’s a lot that’s at stake, but if you know what you want now and you’re ready to act, you could be in a much better position in terms of buying and financing a home in Southwest Florida as we gear up for the start of a new year.
Today's homebuying power may be affected should interest rates increase in 2022
To better understand what it all means for you and your homebuying power, you have to look closely at the latest news coming from the Federal Reserve. In mid-December 2021, the Fed put out the news it plans to speed up the pace of shrinking its monthly bond purchases. ...