Rhonda Kramer | RE/MAX Consultants Realty 1

Rhonda Kramer

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Lower Mortgage Rates: Unlock $74K More in Purchasing Power

Mortgage rates recently reached their lowest levels in two years, creating a unique opportunity for prospective homebuyers. With improved affordability, buyers now have access to more than $74,000 in additional purchasing power compared to October 2023. This article explores how lower rates can benefit buyers, especially first-time homebuyers, and offers practical tips on how to make the most of this market shift to secure the home of your dreams.

14OCT

October 2024: Falling Home Prices, Rising Inventory

In October 2024, the U.S. housing market shows a significant shift, with home prices falling 0.7% and the number of available homes rising 31.9%. This trend provides more options for buyers, but increases competition among sellers. Understanding these dynamics is critical for sellers looking to attract buyers in this evolving market.

07OCT

Housing Inventory Rises as Lock-in Effect Weakens

The housing market is beginning to shift as the mortgage lock-in effect weakens. Many homeowners who put off selling their homes in hopes of lower mortgage rates are now listing their properties. This shift has resulted in a significant 35% increase in housing inventory compared to last year, creating new opportunities for buyers in an evolving market.

Fort Lauderdale, Broward County

Fort Lauderdale is a city in Broward County, Florida. The city is located at 26°7’21”N and 80°8’14”W. According to the United States Census Bureau, the city’s population was 176,013. According to the last census, the median income for a household in the city was 51,247. Please visit the city page on my website and you’ll be able to see all real estate data and detailed Fort Lauderdale statistics.

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Fort Lauderdale, Broward County@Palm Beach, Palm Beach County@Boca Raton, Palm Beach County@Delray Beach, Palm Beach County@Pompano Beach, Broward County
/buildings_fort_lauderdale_idChIJ9cr6ICcB2YgRvo6_QHW-AnY@/buildings_palm_beach_idChIJhzdSGPbW2IgRGkem18eSoDs@/buildings_boca_raton_idChIJJ_s278Ij2YgRyZVgyu6mPtI@/buildings_delray_beach_idChIJ42rskPzf2IgRuLhuUygBeMc@/buildings_pompano_beach_idChIJiUSIQdkC2YgR83Sudl4cYTs
Fort Lauderdale is a city in Broward County, Florida. The city is located at 26°7'21''N and 80°8'14''W. According to the United States Census Bureau, the city's population was 176,013. According to the last census, the median income for a household in the city was 51,247. Please visit the city page on my website and you'll be able to see all real estate data and detailed Fort Lauderdale statistics. @Palm Beach is a city in Palm Beach County, Florida. The city is located at 26°42'20''N and 80°2'11''W. According to the United States Census Bureau, the city's population was 8,503. According to the last census, the median income for a household in the city was 112,055. Please visit the city page on my website and you'll be able to see all real estate data and detailed Palm Beach statistics. @Boca Raton is a city in Palm Beach County, Florida. The city is located at 26°22'6''N and 80°7'44''W. According to the United States Census Bureau, the city's population was 91,332. According to the last census, the median income for a household in the city was 71,678. Please visit the city page on my website and you'll be able to see all real estate data and detailed Boca Raton statistics. @Delray Beach is a city in Palm Beach County, Florida. The city is located at 26°27'41''N and 80°4'22''W. According to the United States Census Bureau, the city's population was 65,055. According to the last census, the median income for a household in the city was 51,551. Please visit the city page on my website and you'll be able to see all real estate data and detailed Delray Beach statistics. @Pompano Beach is a city in Broward County, Florida. The city is located at 26°14'16''N and 80°7'29''W. According to the United States Census Bureau, the city's population was 106,105. According to the last census, the median income for a household in the city was 43,799. Please visit the city page on my website and you'll be able to see all real estate data and detailed Pompano Beach statistics.

I know everything about Real Estate. Contact Me!

Rhonda Kramer

RE/MAX Consultants Realty 1

1625 SE 17th Street Causeway Fort Lauderdale, FL 33316

Email: helpme@rhondakramer.com

Phone: (954) 294-3360, 954-767-4667

I have been enjoying life in South Florida since 1977 when I moved from the beaches of Southern California. In 1984 I started my career in real estate and continue to enjoy working with buyers and sellers. Boy, have I seen changes! Use my experience and personal attention to your goals.