A Summer 2022 Market Update & Analysis from Christopher Lazaro is now available!

Dated: August 2 2022

Views: 74

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Dear Friends, Neighbors, and Future Neighbors,

As I write this, it is a beautiful Sunday afternoon on the Miami Beaches and it is also the last day of July 2022.  Over the past week, I have been looking at a lot of market data for the first half of the year and the month of July. 

Of note, despite the widely expected Federal Funds Rate increases, mortgage rates have eased.  Many people do not realize that the Federal Reserve does not control mortgage interest rates, they can only change short-term borrowing cost(s) for the banks.  This can, of course, influence mortgage rates but it does not always have to.  Like any product, mortgages have margins, and those margins can expand or shrink with market demand.  Needless to say, ALL of the market data of the past four months indicates there has not been a whole lot of demand for mortgages at 6%+ or higher, and even in the 5% range borrowing is at a tepid level. 

I have published on the Miami Beach Brokers® WordPress Blog the most recent market reports issued by the Miami Association of Realtors®.   Please go to https://MiamiBeachBrokers.WordPress.com to read the remainder of this article and download the reports I have uploaded for your convenience.

As always, I can be reached by phone/text at (305) 871-9728, or you can schedule a meeting with me on my calendar at https://Calendly.com/MiamiBeachBroker.  

Cheers,

 

Christopher Lazaro, Best Miami Real Estate Broker 2021

Christopher J. Lazaro

Licensed Real Estate Broker, REALTOR®

Miami Beach Brokers®

A:  13899 Biscayne Blvd, Suite 413

      North Miami Beach, FL 33181

Office: 1-305-985-6285 ext. 888

Fax: 305-521-8995

Cell: 305-871-9728 & 305-878-2288

Email: Christopher@MiamiBeachBrokers.com

License Numbers: BK3388297 (Office Code: MBBR01)

W:  https://MiamiBeachBrokers.com

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Christopher J. Lazaro

I moved to Southeast Florida in 2002, and I have lived in Sunny Isles Beach for the past 12 years. Over the last 20 years, I have seen Southeast Florida grow & evolve by leaps and bounds. Demand c....

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