Monthly Market Update - November 2018

Mortgage rates stabilized throughout November in response to the economy softening and there are talks about the rate hikes being put on pause for the near future. Homebuyers took advantage of these steady rates and mortgage applications increased, indicating that despite higher rates this year, there are still many interested buyers who are ready to move forward with purchasing. November was also the second month in a row we saw three months of inventory versus two, which is line with the prediction that we are moving more towards a buyer's market. In November 2018, over $1.3 billion of residential real estate was sold throughout Hillsborough, Pasco, and Pinellas counties (very similar to l

Philippa Main

813.501.5498

PM@YourMainAgent.com

Future Home Realty

13029 W. Linebaugh Ave #101 Tampa, FL 33626

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