In the real estate market stability is key whether talking price, interest rates or inventory.
The problems in the market about ten years ago were exacerbated by the uncertainty of what would happen tomorrow. Additional pressures were applied by investors and speculators. Home buyers looking for a home to live in were forced to join the fray or risk being priced out for the foreseeable future.
Then the housing market crashed or, more accurately, corrected. The charts below show trend lines for Brevard County closed sales and mortgage interest rates.
Single Family Home Sales Brevard County since 2010.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services
And the trend in interest rates as provided by www.mortgage-x.com
Reproduced with the permission of Mortgage-X.com