I normally check my email with my custom list daily to see if there are any deals to go look at and make offers on, but i have noticed a lot of properties are gone all sudden and the amount of properties showing up on my list is down like 50% compared to last month....
One thing i noticed is literally days up before the announcement of the interest rate increase there was a lot of properties showing up on the market, but within days of the announcement most of the properties i was tracking or made offers on went under contract or dissipated from the MLS. So it seems the market has become stronger with the lack of availability.
Hi William, I can definitely attest to that. I was in the midst of doing research on 2 properties in Brandon yesterday and within an hour they were already under contract after being on market for 5 days. Astonishing!!
Let me know what you think?
My friend pulled the trigger tight after the feds increased the interest rate . He had already locked the interest rate last month. Inventory is moving fast .
Interesting, I suppose it depends on the area of FL you are in. In Palm Beach County/Broward County what you described has been occurring for the past couple years. I have been looking out of state due to it, numbers don't work when I run them through my property calculator.
Maybe I need to check out Northern FL.