Recent Posts by Barry Frette

August 2023 Market Update Palm Beach County

The August 2023 Market Update indicates that in Palm Beach County, the months supply of inventory has stayed at 2.9 months from July to August, representing a 7.4% increase from August of last year. The median sale price in the county has risen by 7.1% from last year to $605,000, but has remained relatively stable…
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National Flood Insurance Expiring

The National Flood Insurance Program is expiring at the end of September, unless congress makes a move to change that. There is no guarantee that they will, as the NFIP is likely tied to a bill that may or may not pass. While they may make a short-term move to prevent the expiration from causing…
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Housing Prices Inching Upward

Housing prices are inching upward after a brief period of decline. Despite the fact that the fall and winter months usually experience a slower real estate market, the persistently low inventory is causing prices to rise. This is happening even in the face of higher interest rates and uncertainty due to the potential difficulty in…
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Mortgage Rate Reduction on the Horizon

Are mortgage rate reductions on your mind? Are you looking to buy or sell a house? Good news! Analysts predict mortgage rates will decline over the next year or two. Take steps now to secure the best rate possible. It's all spelled out right here: Why Are Mortgage Rates So High, and How Long Will…
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