It’s been more than 10 years since the housing bubble burst in South Florida and one thing is certain… our real estate market transitioned from a delicate situation to a state of recovery and stability. Our leaders on Capitol Hill will need to continue to keep our country’s real estate and financial markets at the forefront of their agenda and remain focused on a stable economic environment that fosters growth.
One of the key aspects of our complete recovery is going to be our leader’s policies regarding mortgage costs and homeowner affordability. Policies will directly influence the direction of mortgage rates, and in turn these rates will determine just how much of a house we can afford to buy as well as the profit or loss we can expect from selling our property to a new buyer.
One of the main points of focus is the decision to continue to ease up or turn towards tightening current lending guidelines. Further easing would make it easier for more people to qualify for a loan keep our real estate market healthy, but may increase the risk of default mortgages. If our leaders can strike a balance here, then stability, healthy appreciation, and growth are usually the results.
As a current homeowner, it is important to know your options and your rights in the ever-changing landscape of our Florida real estate market. As we always do, with new leadership we are certain to see a change or at least a shift regarding the legal aspects and trends in the financial and real estate markets.
Whether you are seeking assistance with a short sale, loan modification, or simple contract negotiations and title services, you can benefit from the services of a real estate attorney. The Law Office of Donna Hearne-Gousse, P.A. is located in Royal Palm Beach and serves Palm Beach county with all of these services. Feel free to contact Donna Hearne-Gousse directly for a complimentary consultation.
The Law Office of Donna Hearne-Gousse