In previous Housing Market Reports, we have seen an upward trend of both New Listings and Active Inventory. The case is not the same for August. In a few counties, we saw a slight decrease from July to August in these categories. Is the housing market changing yet again??
In this video, I talk about some of those changes and give you an update on some local housing market trends around Florida. Real Estate is still an Extreme Seller’s Market, but for the month of August, we saw some counties slide in New Listings and Active Inventory.
LUMBER FUTURE PRICES:
Lumber prices have also been making a move for the better as we have seen Lumber Futures cut in half since it’s peak in April ’21. We have seen a slight increase in prices however during the past month. Here’s a link so you can follow the lumber futures index. https://bit.ly/LBSFutures
MORTGAGE INTEREST RATES:
According to Freddie Mac, mortgage interest rates are still just below 3% for 30 year Fixed. http://www.freddiemac.com/pmms/
I would love to hear your comments about where you think the Real Estate Housing Market 2021 is headed. Are you taking advantage of this Extreme Seller’s Market? Are you trying to buy a home and not winning offers?
Also, if there are market trends in a particular area that you would like to see in my next video, leave me a comment below or send me an email.
