Home Prices Rebound As Mortgage Rates Hit Record Low
October 24, 2012 (PRLEAP.COM) Business NewsMiami, FL Real Estate Expert Explains Impact to Buyers
Miami, FL – Alan Fishman, a Florida real estate expert, has seen increasing home sale prices across the Miami area as interest rates continue to drop. Mortgage rates hit a record low recently, following the Fed's decision to purchase $40 billion in mortgage-backed securities each month, which has also supported an increase in home construction. Professionals like Fishman anticipate this positive trend will continue through 2012 and into the new year.
"We've already seen a significant boost in sales of new and existing homes, which will continue as long as mortgage rates remain this low," said Fishman. "Traditionally, the lower an interest rate a buyer can secure, the more flexible he can be with the home's sale price." Market data indicates home prices are rebounding quickly as buyers find greater confidence to pay more for homes.
Alan Fishman has more than two decades of experience in sales and understands the current real estate market and the unique opportunities and challenges it presents. He specializes in helping clients purchase and sell homes in Miami—specifically Coral Gables real estate and Aventura FL homes—and leverages comprehensive online listing capabilities to showcase Florida real estate.
About - Alan Fishman is a Miami-based real estate expert whose services range from finding an ideal vacation spot to selecting the perfect family home. Alan has a wealth of experience and works to find clients the best deals available on Miami real estate. Find more information about Miami real estate options by visiting Alan@AlanFishman.com or through this Online Contact Form.