Home Seller Sentiment in the Dumps! Florida Home Insurance Looks Bleak!

Dive into a discussion about real estate as we deliver the latest real estate news and headlines related to the housing market. Home seller sentiment is lukewarm heading into the spring buying market as rising interest rates continue to pummel home buyer affordability. Many homeowners have been patiently waiting for interest rates to go down so that they can sell their current home in order to upgrade or downsize into a new one. Despite the Federal Reserve Chair Jerome Powell hinting at three possible interest rate cuts in 2024, many eager home buyers and sellers are unsure when or if the cuts will come. With inflation data suggesting that the Federal Reserve's target of 2% has not been met; there could be a longer period of time before we see interest rates go down to a more affordable level for homebuyers. Despite high interest rates on mortgag ...