Real estate in Sarasota-Manatee, as in much of Florida and across the U.S., has went through a dramatic change in a remarkably short period. The area's long-overlooked luxury segment has taken off, drawing new buyers who see bargains on the less crowded Gulf coast. In the Sarasota area's real estate...
Category: Gilbert
Overvalued housing market showing signs of deceleration
Rising mortgage rates may be slowing down the booming housing market across the country. Last week, the average 30-year fixed mortgage rate topped 4.67%—up from 3.11% in December. That's a bigger deal than it might appear. If a borrower took out a $400,000 mortgage at 3.11%, they would owe $1,710...