When you are looking to buy or sell a home anywhere in the greater Apopka area, you need to find a realtor with integrity, years of experience, and a track record of success, who constantly has his finger on the real pulse of the housing market.
“Rock Springs Realty Here to help home buyers and those who want to sell their homes. While the housing market trends in the first quarter of 2022 are similar to that of the previous year—buyer frenzy, homes selling above asking price, and home prices continuing to rise—a lot has changed over the past few months. The consensus of many experts is that with rising inflation and interest rates, along with out-of-control consumer goods and gas prices, we are likely to see more buyers rethink their entry point in purchasing a home,” stated Joe Bornstein, Rock Springs Realty Broker/Owner.
At the beginning of this year, the 30-year fixed-rate mortgage was around 3%. Now, according to Bankrate.com as of May 17, the average 30-year fixed-rate mortgage has jumped to a staggering 5.57%, the highest in the last 13 years. Economic uncertainty is also causing mortgage rate volatility, and many lenders expect we’ll see interest rates at 6% or higher by the end of the year. As expected, purchase demand is waning as existing home sales fell 8.7% in April in the Greater Orlando area, according to the Orlando Regional Association of Realtors. Builders are also feeling the crunch of the highest inflation rate in more than 40 years as well as ongoing supply chain issues.
“With home sales under pressure, the equivalent increase in home prices should soon diminish, and we should see modest price drops by the middle of next year. With prices now rising so rapidly, affordability and demand declining, prices are on the rise,” says Bornstein. You will be under pressure.”
If you are on the fence about selling your home or thinking about buying a home, you need the knowledge and experience of the seasoned Rock Springs Realty team to guide you through All The complexities of the real estate market. You need a team you can trust and will always look out for for you Best attention.
Rock Springs Realty He will take the time to walk you through each step of the process, explain the contract and disclosures, and give you a full understanding of the closing process. They are skilled negotiators who can get you the best possible deal.
Rock Springs Realty is a full-service real estate brokerage providing residential, investment and commercial services in the Central Florida market since 2008.
They can make it easier to find your new home or sell your current home. Voted one of the best real estate offices in Apopka for the past nine years in a row, which only confirms why they are professionals you can count on to make your dreams come true.
Rock Springs Realty Offer the highest level of service and commitment to its clients. It delivers exceptional results to landlords, investors and residents alike, and has emerged as a market leader for the greater Apopka area. They operate with a strict commitment to survive in the face of rapidly changing market conditions. Their broad range of expertise delivers superior results across market cycles and asset classes.
Joe Bornstein and his team provide the highest level of service and foster a culture of efficiency, open communication, and complete dedication to the needs of their clients. Teams of dedicated and experienced professionals in Rock Springs Realty These brokers include Dawna Hosier, Joanne Montchal, Christine Nejame-Evans and Kyle Moro. The combined experience of this team represents decades of experience.
Always presenting results, you can visit them at www.RockSpringsRealty.com Or call toll free (877) 333-2811 to find out how they can help you meet your specific real estate needs in this rapidly changing market. It’s all about the results.