Today’s Biggest Housing Market MythsHave you ever heard the phrase: don’t believe everything you hear? That’s especially true if you’re thinking about buying or;
Dated: April 30 2022
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We have often talked about the difference between COST and PRICE. As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first time or repeat buyer, you must not be concerned about price but instead about the ‘long term cost’ of the home. Let us explain.
Recently, we reported that a nationwide panel of over one hundred economists, real estate experts and investment & market strategists projected that home values would appreciate by approximately 8% from now to the end of 2015.
Additionally, Freddie Mac’s most recent Economic Commentary & Projections Table predicts that the 30 year fixed mortgage rate will be 5.7% by the end of next year.
Here is a simple demonstration of what impact these projected changes would have on the mortgage payment of a home selling for approximately $250,000 today:

Welcome — I’m Michael Sorensen, a Florida-based REALTOR® and licensed Community Association Manager specializing in REO and distressed property services.With a strong background in bot....
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