Rising interest rates and the Southwest Florida Real Estate Market

As mortgage interest rates continue to rise, now is a great time to purchase a new home in Southwest Florida. The local real estate market is thriving with steady increases in home prices and a low inventory of houses available for purchase. The currently rising mortgage interest rates are largely due to a strengthening economy and the outcome of the recent presidential election, which has encouraged investors to put their money into the stock market. This has resulted in higher yields on the investments, which in turn raises the cost of borrowing money, leading to increasing interest rates. However, despite the rise in interest rates, real estate prices across Southwest Florida are still on the rise and this is a great time to become a first-time homebuyer in this industry. With low inventory levels and increasing competition for limited housing, home prices have been steadily rising as buyers race to put in offers. For those looking to buy or invest in real estate in Southwest Florida, now is the time to make your move, as interest rates are expected to continue to rise in the near future. With rising home prices and the current low mortgage rates, it's a great time to purchase a home in Southwest Florida and start building long-term wealth.