Our market continues to be hot, and there are a lot of buyers out looking for homes. They’re being brought here by two different things:
“Low interest rates are bringing a lot of first-time buyers into the fold.”
1. COVID. The pandemic has encouraged a lot of people to move to where they want since more and more are working from home. With people having the ability to live anywhere, who wouldn’t want to be in Ft. Lauderdale?
2. Interest rates. We have historically low interest rates, which is encouraging a lot of first-time buyers to look for a home. They’re realizing they can have a mortgage payment that’s equal to or lower than the rent they’re already paying.
We have a hot market because there are so few options for buyers out there. If you or someone you know has been thinking about selling, this could be the perfect opportunity. If you have any other real estate questions for me, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.
