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- Florida Real Estate Agent predicts housing market for the next 5 years, 30-year loan increased to 6.95% according to Freddie Mac
Florida Real Estate Agent predicts housing market for the next 5 years, 30-year loan increased to 6.95% according to Freddie Mac
30-year loan increased to 6.95%, U.S. real estate commissions impact Canada’s market, Trillions of dollars of problematic commercial real estate, 8 Projects Realtors Recommend Before Bringing Your Home to Market
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Freddie Mac 30-Yr FRM 6.89% 1-Wk (-0.06) | Freddie Mac 15-Yr FRM 6.17% 1-Wk (-0.08) |
Market Numbers are as of July 16 2024 5pm EST
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Florida Real Estate Agent predicts housing market for the next 5 years
Population Boom Drives Demand: Experts predict Florida's population growth will continue for decades, driven by favorable climate, tax policies, and retirement appeal. This influx is expected to sustain housing demand and potentially increase property values, particularly in metropolitan areas like Miami, Orlando, and Tampa.
Rising Prices and Suburban Expansion: Home prices are anticipated to steadily increase through 2029, though possibly at a slower rate than the post-pandemic boom. As urban areas become more expensive, experts foresee increased development in suburban and rural regions, offering more affordable options and promoting growth in less developed areas.
Climate Change and Tech Integration: Climate change will significantly impact the market, potentially decreasing demand in flood-prone coastal areas while increasing interest in resilient inland properties. Simultaneously, technological advancements like virtual tours, AI-driven marketing, and blockchain are expected to streamline and modernize real estate transactions.
30-year loan increased to 6.95% according to Freddie Mac
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