🏦 How Interest Rates effect the Real Estate Market 🏘️ Barry & Kim, REALTORS®, Hoey Team πŸ€ 239RealEstateDeals.Com LLC ☘ Directly Serving all of Southwest Florida 🌴

Dated: February 8 2024

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Mortgage interest rates are based on the Federal Reserve’s interest rates.  Increasing and decreasing rates have a large impact on buying and selling power.

Florida Realtor Magazine 2024 02 08 How Interest Rates Effect the RE Marhet amidst ISO 20022 Basel III QFS Quantum Financial System XLM XRP Stellar UBS NESARA GESARA BRICS Bretton Woods 239RealEstateDeals.Com LLC

NEW YORK – We all need to stay ahead of market and economic trends to be in the best position to help and advise buyers & sellers on affordability and availability.

Higher interest rates often lead to higher mortgage payments and reduce affordability, which can slow sales or reduce inventory, while declining rates make homeownership more affordable, creating a bigger demand.

Mortgage lenders base their rates for fixed- and adjustable-rate mortgages on the Federal Reserve’s interest rate, and a rise or fall in interest rates will affect your clients differently.

For buyers, rising interest rates can shrink borrowing power, forcing buyers to adjust their budgets and potentially target lower-priced properties. Lower rates have the opposite impact, motivating buyers who felt priced out of the market, particularly first-time homebuyers.

For sellers, rising interest rates often mean the pool of buyers is smaller, which can lead to homes sitting on the market longer. Declining interest rates can create more buyer demand, shorter listing times and provide sellers more negotiating power.

Homeowners with fixed-rate mortgages can be certain their payments will remain steady at the lower interest rate they locked in at the time of the loan, but they could face fluctuations in housing expenses due to changes in taxes or insurance.

Homeowners with adjustable-rate mortgages will see payments go up when their interest rate is due for adjustment, although how much it goes up depends on mortgage caps specific to the terms of their loan.

Refinancing into a fixed-rate mortgage may provide stability and consistency, although homeowners should be prepared for tighter lending restrictions. If a homeowner's current interest rate on a fixed-rate mortgage is significantly higher than current rates, refinancing can offer potential savings through lower monthly payments, especially for those struggling with affordability.

Lower interest rates can also make borrowing against home equity more attractive, allowing homeowners to access cash for renovations, debt consolidation or other financial goals.

πŸ‘‰ The Hoey Team πŸ€ 239RealEstateDeals.Com LLC β˜˜ serves all of Lee County and Collier County, including the Gulf Coast Islands here in Southwest Florida.  We Directly Help Sellers and We Directly Help Buyers; with our clients best interests in mind.

Recently as Listing Agents, Barry & Kim with the Hoey Team πŸ€ 239RealEstateDeals.Com LLC ☘ helped a number of sellers who had been in Foreberance, Pre-Foreclosure and in similar difficult situations.  We were able to get all of them to a "very good place"; worry free & stress free; with excellent end results for them.   Also, Kim is a certified stager which helps us additionally on all of our listings.  Call us for more information: 239-360-5527.

With access to many different professions on our team, we help and serve people in many different situations; everybody's situation is different even in a hot sellers market as we recently experienced.

If you know someone needing help; or simply wants advice, please have them reach out to us in confidence: 239-360-5527; anytime; we continue to achieve excellent results in the communities where we list and sell across Lee and Collier Counties utilizing our Knowledge, Experience, Systems and Tools.

Sadly for some time we see a number of sellers who are not keeping up with the changes locally; often putting their homes on the market and selling them for less than what the market can bear.  Additionlly; selling a home the first day on MLS may not guarantee the best price for the seller / homeowner.  Please call Barry at 239-360-5527 for more information.

We offer a confidential / private, custom Concierge Service, if a home owners property needs work πŸ€  For every property situation, we have a solution / solutions with a proven track record ☘

Even with Hurricane Ian having passied thrugh Southwest Florida last year, as people continue to move and relocate to the general areas of Lee & Collier Counties; aka: Paradise Coast from other parts of the United States, it is important that we are able to directly serve all of the area; which we do, efficently.  We have the ability to offer many different Choices, Price-Points and Lifestyles all of which are in abundance here in SW FLA, 239RealEstateDeals.Com LLC has blanket coverage of Southwest Florida and most of Florida for that matter by being active members of four different MLS systems.  Additionally we have the latest cutting edge technologies in house with many systems in place to better serve our customers and clients who we represent.

Inventory remains steady, but is increasing overall; we do continue to list and market new South Florida property listings to the marketplace and we sell many different type homes; Resale & New Construction; Multigenerational Family Compounds, Single Family Homes, Villas, Townhomes and all Condo types, from low rise, to Waterfront high rise right on the Beach / Gulf Coast.  We have something for everyome from beach lovers, boaters, golfers, nature lovers to farmers and horse lovers.

We continue to see many people planning ahead, and buying that second home now, rather than waitiang as they were planning to do; especially with Snowmads and Zoombirds working from home.  Previously we had Snowbirds; interesting how terminology keeps changing / evolving.  Hurricane Ian prompted some buyers to start looking again, while other buyers had pulled back momentarily.

Interest rates increases have sadly driven some buyers out of the market place, we do see price reductions on some overpriced and / or under marketed listings.  Even with recent interest rate hikes, buyers are still looking, but showing more prudency than before as we Secure Real Estate Deals for them.  Properties are still selling as it trends towards a more balanced market.

Relatively low inventory overall is still a challenge for active buyers who are not prepared on some property types; but if prepared you are ahead of the game; ask how we can help with all of that.  We do see more listings coming to the market here in Southwest Florida, so, that is good.

We recently got a number amazing deals for buyers; even during the recent Hot Sellers Market; and we are working on others as our market changes a little having gone through a hurricane.  There are deals out there; if you work with us, we will definitely find them for you. 

For those relocating to Florida (and to other areas), we are pleased to be able to efficently assist homeowners in other parts of the United States who need to sell to buy here; please reach out today for more information and how you can have a smooth, non-stressful transition / relocation with the best available representation.  Call Barry at 239-360-5527.

At our Real Estate Team; Hoey Team πŸ€ 239RealEstateDeals.Com LLC ☘ we have been succesfully working 100% virtually / remotely for the past number of years; i'm thankful that we already had systems in place to better help sellers and buyer with goal posts continually moving within our industry / profession.

Article content from FR (Florida REALTORS) Newsletter Magazine, and from other sources including Hoey Team, 239RealEstateDeals.Com LLC & Freddie Mac / Fannie Mae - Make sure to ask us for more information on how it may effect you; Call Barry at 239-360-5527 ☘

Click Here to Find Your Estimated Home's Value, Instantly    

For those Living in or Visiting Southwest Florida wanting additional resources, or a list of places to see / visit:   www.SWFL-Events.Com      Feel free to share this resource page with others  🌴

VIRTUAL OPEN HOUSE Page with Detailed 3D Tours for all our Listings: ? www.239VT.com  

For more Real Estate related information, or if you have questions on any aspect of Buying, Selling, Upsizing, Downsizing, Moving within or Relocating to or from Florida (the number one state for people to move to), or on any aspect of the Real Estate Market, Locally, Nationally or Internationally, please let us know, we can help, we can address / answer your questions, and we are always available to help you or someone you know..  Much of our business is based on referrals from past customers, friends, and Realtors.

P.S. --> If You'd like for us to create a Video Tour for ANY of the Properties on our website, just CLICK "Video Request Button"; from property details https://HoeyTeam.239RealEstateDeals.Com

CLICK HERE to Visit our High Definition Virtual 3D Open House Tours Page 24/7

Click Here for our most recent Market update Report for Southwest Florida and beyond.

We do not discriminate on price, we help homeowners and renters in all price ranges; Click Here for more information on the Hoey Team ☘ and what we do to help or visit www.239RealEstateDeals.Com anytime.

Click Here for our informational Southwest Florida Website ☘

Barry is a CLHMS; Click Here to see how we help with higher end properties.

Please visit our Hoey Team ☘ Luxury Home Market Page including Luxury Home market Reports for Naples, Marco Island and for Lee County by Clicking Here

Best Places to Retire? 13 of the ‘Top 25’ Are in Fla β˜˜ Hoey Team; 239RealEstateDeals.Com LLC πŸŒ΄ Southwest Florida πŸŒ΄

Barry has earned the Military Relocation Professional Certification, Please Share or Visit Here to see how we can better Help Veterans and Active Duty Servicemen and Servicewomen β˜˜ Hoey Team; 239RealEstateDeals.Com LLC πŸŒ΄ Serving Southwest Florida πŸŒ΄

Also; please check out the other blogs, and tabs to many other Links, Updates, Reports & Stats that we have here on our informational website.  

We hope that you find our Resources and Information useful. Feel free to share.  If you have any questions, please do not hesitate to contact Barry or Kim with the Hoey Team β˜˜ 239RealEstateDeals.Com LLC

Email us at Barry@SWFLLuxury.Com  or KimZuponcic@Gmail.com or Call or Text Barry ☘ at:  (239)-360-5527 

“Please Share this blog and our informational website with anyone who you think the info will help. 

Please refer any family or friends; it is the greatest compliment that you can give to us; we really appreciate referrals from Past Customers, Friends and Fellow REALTORS, who we help in any way we can.

🌐  www.HurricaneHelpFL.com  πŸŒ€  Post Hurricane Resources and Tools Library πŸ›  Barry Hoey, Broker Owner πŸ€ 239RealEstateDeals.Com LLC ☘ Serving Lee and Collier Counties, Southwest Florida 🌴

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Barry & Kim, Hoey Team πŸ€ 239RealEstateDeals.Com LLC ☘

"Your Real Estate Concierge" If you are looking for a REALTOR® or one-stop Real Estate Team who will fully communicate; promptly, professionally, and in detail with you, to efficiently help you an....

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