November Orlando Real Estate Market Update

Hello Friends and Family, 

What a nice Thanksgiving gift for my buyers. Interest Rates are DOWN about 3/4 point in the last week. Why now, you may ask? Apparently, inflation slowed a bit last week and rates retreated. What does that mean in English? As of Friday, 11/18/22, it equates to about 6.375 % with one point for someone with a 740 credit score, for a 30 year fixed rate.

In most cases, if a home has been on the market a few weeks you can now likely do the following:

As you can see from the chart above now is an excellent time to purchase a home and actually have some leverage with a seller, especially for homes on the market for a few weeks or more. In addition prices may be shifting in many neighborhoods, downwards some. Call me if you know anyone that we might assist purchase, sell or invest in real estate. We are grateful for you, your referrals and your past business. We all have so much to be thankful for!