The Shift Happens

Saturday, May 21, 2022   /   by Trish Wheeler

The Shift Happens

As prices start to fall in the big cities, don't think it won't trickle down to us here in The Panhandle of Florida.  It will be a slow and steady approach, but it is coming.  We are still seeing prices on homes and condos soaring due to low inventory, but we will see a slowing of the home and condo sales in the coming months.  This may be a great opportunity to get the first time homebuyers back in the game.  Interest rates are higher and this may give some pause, don't let that stop you from your dreams of homeownership.  As long as interest rates don't tumble toward the 8's or above it is still affordable.  Remember when we thought the 5's were rock bottom?  This is a cycle and homes sales will still happen and builders will still build.  We were luck enough to see the 2's for quiet some time, but its over for now.  We can go with the shift or remain still, its your choice.  I believe the vast majority will go with the shift and everything will be alright.

  the shift in real estate

The Wheeler Sauls Group
Taylor Sauls | 850-630-8377
Trish Wheeler | 850-527-2275
7923 Panama City Beach Pkwy
Panama City Beach, FL 32407

The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of REALTORS® and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Data last updated September 25, 2022

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The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of REALTORS® and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Data last updated September 25, 2022
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