Posts with tag 'home selling Florida'
Lighthouse Views & Home News: The Ponce Inlet Property Blog
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Buyer & Seller Education | 6 Posts
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October
2
2
Rates Just Crossed 7% Again. Here's What It Means for Coastal Volusia Buyers
If you've been watching mortgage headlines this week, you've probably felt a little whiplash. On October 1, Freddie Mac reported the average 30-year fixed rate at 7.28%, up from 7.03% the week before and the highest reading since November 2023 (Fox Business). Just this past February, the daily benchmark dipped as low as 5.90% (Mortgage Daily).
That's a real change, and it's worth taking seriously. But it isn't a reason to panic, and it doesn't mean buying a home along the Volusia coast is suddenly out of reach. Here at The Lynch Advantage Team, we've guided clients through a lot of rate cycles. Our goal with this post is simple: explain w...
April
8
8
Why April Is the Sweet Spot for Buyers
Market Snapshot:
- 77 avg. days on market in Volusia County (up from 59 two years ago)
- 8–9% below asking price — Ponce Inlet average sale
- 6% range — 30-year fixed mortgage rate
or the past three years, buying a home in Volusia County felt like participating in a contact sport. Multiple offers. Waived inspections. Bids $20,000 over asking — sight unseen. If you were a buyer, the market simply wasn't on your side.
That...