Spring break to be a new record from 2019 2023-03-16
Gulf Coast Real Estate Update
March 16th, 2023
Despite Red Tide
Pinellas Beaches
still better than home
Even with red tide looming offshore, visitors say “being on these beaches is still so much better than being back in New Jersey, Delaware, Michigan (fill in the blank)”. Visitors are echoing that sentiment Across Pinellas beaches.
“We’re expecting this spring break to be a new record from 2019 which was our last full spring break period,” said Tampa International Airport VP of operations Adam Bouchard.
Spring Break 2023 could be even busier for area businesses as hotels, vacation homes other businesses on Fort Myers Beach and Sanibel Island are still trying to rebuild after sustaining heavy damage from Hurricane Ian.
Source: Tampa Bay Times
Mortgage Rates Pull Back
Mortgage rates are down following an increase of more than half a percent over five consecutive weeks. Turbulence in the financial markets is putting significant downward pressure on rates, which should benefit borrowers in the short-term. During times of high mortgage rate volatility, homebuyers would greatly benefit from shopping for additional rate quotes. Our research concludes that homebuyers can potentially save $600 to $1,200 annually by taking the time to shop among multiple lenders.
