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Lasso Gaucho Brazilian Steakhouse has opened on Sunrise Boulevard in Fort Lauderdale, JBC Noodles and Bubble Tea in Hollywood and the farm-to-table kitchen Costa by OK&M; in Delray Beach.
Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price growth is supported by strong market fundamentals.
To understand why price declines are unlikely, it’s important to explore what caused home prices to rise so much recently, and where experts say home prices are headed. Here’s what you need to know.
Home Prices Rose Significantly in Recent Years
The graph...
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The vast majority of Florida’s Democratic primary voters will have only one chance to see their party’s candidates for governor side-by-side before the Aug. 23 primary. It comes Thursday evening, when the one debate between Charlie Crist and Nikki Fried is broadcast on TV and streamed online.
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now?
Greg McBride, Chief Financial Analyst at Bankrate, explains how inflation is affecting the housing market:
“Inflation will have a strong influence on where mortgage rates go in the months ahead. . . . Whenever inflation finally starts to ease, so will mortgage rates — but even then, home prices are...