Homebuyers traditionally face competition at the height of real estate season. Now, with market indicators reaching record post-recession milestones, competition is stiffer than ever.
Volatility in financial markets subsided over the past week, allowing Treasury yields to stabilize. In Fort Lauderdale and Broward county we are experiencing a stable market.
Higher prices driven largely by tight supply are certainly a big reason for the rise, but continued population growth, household formation and ultralow interest rates are also factors.
Mortgage rates are very attractive for the upcoming spring home buying season, according to results from the Freddie Mac Primary Mortgage Market Survey® (PMMS®).
