The Perfect Storm for Buying and Selling Miami Florida Real Estate

Miami, FL, July 22, 2014 (Newswire.com) - In 2013, the housing market recovered significantly. Home sale prices rose by 12 percent in January 2014 compared to January 2013. At the same time, interest rates remained low at an annual average of just 3.98 percent according to Ellen Mitchel, CDPE, RE/MAX Executive Realty. These conditions created unique opportunities for those looking to buy or sell a home:

“Today is a great time to buy or sell a home. Low mortgage interest rates are attracting more and more buyers into the market, yet the number of homes for sale remains low compared to demand. Low rates keep homes affordable, while supply-and-demand helps those selling a home get top dollar for it,” said Mitchel.

However in the first months of 2014, average mortgage rates increased slightly. Inventory is also likely to increase. More Miami homeowners are expected to put their homes on the market, and home builders will begin construction on more than one million homes in 2014. 

“These market conditions won’t last forever,” said Mitchel. “So if you are considering buying or selling a home, you should explore your options sooner rather than later.”

As a Certified Distressed Property Expert® (CDPE) and real estate agent, Ellen Mitchel is committed to providing the most up-to-date information. “No matter what your situation has been over the last few years, chances are it’s changed. Many homeowners are shocked to learn how much equity they’ve gained back in their homes,” Mitchel said.

Ellen has provided a free report entitled “The Miracle Housing Market” which is accessible from her website, EllenHelpsHomeowners.com. Learn how the market has changed and what it means to you.

About

RE/MAX Executive Realty
1939 Hollywood Blvd
Hollywood FL 33020

Important Government Notice:

RE/MAX Executive Realty is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.