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CusackofBerkshireHathawayHomeServices
EWMRealty,recentlypublishedtwoblogsthat discussprojectedmortgageinteresttrends through2023and2024,andtheirpotential impactontherealestatemarketinMiamiDadeandsurroundingcounties.
Cusackisarecognizedexperthelping bothbuyersandsellersunderstandthe dynamicsofthemarket,specializingin CoralGables,CoconutGrove,Coral Gables,CoconutGrove,MiamiBeach, GablesEstates,Pinecrest,SouthMiami, andPonceDavis.
Realtors,GayCororaton,isoneofthe mosthighlyrespectedauthoritiesinthe worldofrealestate.Shehaspredicted fallingmortgageratesinSouthern Florida,startinglatein2023and continuingin2024.
Cororaton'sinsightsprovidea roadmapforbuyers,sellers, andinvestors,basedona combinationofmarkettrends andeconomicindicators.
"Asweventureintothesecond halfof2023,Cororaton's predictionsfortheMiamireal estatemarketofferatantalizing glimpseintowhatthefuture holds,"saidCusack.
Mortgageratesareclearlyoneofthekey factorsinfluencingtheMiamirealestate marketaccordingtothepredictionslaid outbyCororaton.Withcontinuedlow levelsofhomesonthemarket,pricesare expectedtocontinuetheirupwards trajectory.
"Forthefirsttime,theSouth FloridacountiesofMiami-Dade, Broward,andPalmBeachallhit newrecordhighsinthemedian salespricesofsingle-familyhomes andcondo/townhomesinJune 2023.
"Expectanevenstronger Miamihousingmarketin 2024inlinewithfalling mortgagepayments,"said Cusack
Dependingonhowmortgage ratesperformattheendof2023, newlistingswilllikelyremainat theircurrentlowlevel,supporting asteadypriceappreciationinthe secondhalf.
Sellerswhoareinterestedin understandinghowthisbalance oftrendscouldaffecttheprice andtimingoftheirproperty marketplacementshould considercontactingAshley Cusack.