Let’s assume that you purchased an investment property for $500,000 and you have held the investment for 10 years. To keep things simple for this example we will assume that you payed cash and you have not mortgaged the property… (continue)
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Summer Market Recap Average Sales Price Per Square Foot Single Family Homes & Condos Pinellas County July – August – September 2015 to 2019
Housing prices in Pinellas County have been rising steady for the last 5 years. It will be interesting to see how the year finishes out with the recent drop in interest rates.
Data Source Stellar MFRMLS
Mortgage Rates Last 12 months
Mortgage interest rates have dropped a full point in the last 12 months. To put this in to perspective consider this: For every $100,000 financed over 30 years the monthly payment has gone down from $519 to $457. So a $400,000 mortgage today compared to a year ago saves you $2,976 in interest every year.
