What’s New in South Florida and the Treasure Coast Markets
Luxury Homes and Lifestyles – April 2022
Highlights:
- CHECK THE BLOG FOR MORE ARTICLES and Previous What’s New posts for prior articles
- 2022 New Conforming Loan Limits Increase to $647,200 for South Florida counties, FHA and VA limits are – $460,000 for Palm Beach County and $381,600 for St Lucie and Martin Counties. View the article for complete details.
- What You Can Expect from the Spring 2022 Housing Market
- Happy Easter and Happy Passover 2022 to Everyone
- Home Buying Process page is being updated and expanded
- What House Can I Afford plus new real estate calculators added in the Mortgage Finance Center
- South Florida Area Market Reports March for 2022 / April Available by May 6th, 2022
- Here are some charts from John Hopkins University on Tracking Florida COVID -19 Cases and Deaths by Overall Totals and By Daily Totals – UPDATED DAILY
What You Can Expect from the Spring 2022 Housing Market
Expert’s Projections on What to Expect This Spring
As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal Reserve in over three years — the housing market seems to be relatively immune.
UPDATED: More information on What to Expect from Home Price Appreciation over the next 5 years. Even with trending decreases in appreciation rates, a homeowner’s potential appreciation on a $360,000 purchase in January 2022 could be $96,343 over 5 years.
2022 Conforming Loan Limit Increases Almost $100,000 from 2021 to $647,200
The Federal Housing Finance Agency (FHFA) announced in November 2021 that the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2022 would be raised again by almost $100,000 from to $548,250 to $647,200, effective January 1, 2022. That’s an increase of 18.04% over the previous year which is how much average home prices went up in 2021. Read more info about other 2-4 family homes and also FHA loan limits.
Happy Easter And Happy Passover To Everyone!
Fresh breezes, warm sun, Hello Spring!
As you enjoy the Easter and Passover holiday traditions, may Joy and Warm wishes fill your celebrations and memories with your family and friends.
The Home Buying Process
This page is being updated and expanded with more local information and tips on property taxes, insurance and mortgage information. Each State has different calculations for property taxes. See How Real Estate Property Taxes are Calculated in Florida.
How Much House Can You Afford?
Also visit the Mortgage Finance Center; main page for Mortgage programs, Affordability Worksheets and Calculators.
Market Trends Updates for March, 2022 / April Available May 6, 2022
View the updated Market Trends and Reports for January for various cities in Palm Beach County, St Lucie and Martin Counties. These reports automatically update around the 5th of the month so check back and keep up to date!
Tracking The COVID-19 Curve in Florida by Totals and Also Daily Totals
Here are some charts from John Hopkins University on Tracking the COVID -19 Cases and Deaths by Overall Totals and By Daily Totals. The Charts update daily about 9:00 PM
Tracking the COVID-19 CURVE in Florida by Cases and Deaths – Totals and By Day