Florida Real Estate Blog

4 WAYS THE REAL ESTATE MARKET WILL REMAIN STRONG THROUGH ELECTION SEASON

1. Demand is strong among millennials. The nation's largest generation was slow to enter the home buying market. But, they now account for OVER half of new mortgage loans. At the end of July 2019, millennials made up 38% of home buyers. 

2. Mortgage rates are historically low and expected to remain low through 2021. 

3. Prices continue to appreciate. We are continuing to see a low supply of resale homes on the market. 

4. History says so... The market will slow slightly in November during a presidential election, but the pace returns quickly. 

The housing market has withstood the pandemic challenges and will continue to remain strong. Don't miss out on the current market conditions, contact our team today!