Fla.’s 2Q 2020 Housing Market Reflects COVID-19 Impact

Written by Florida Condotel Mortrgage on August 12, 2020. Posted in Florida Condotel Mortgage.

2Q median prices up, sales down year-over-year. Chief Economist O’Connor expects sales to continue to improve, though a single-family inventory shortfall is an issue. #floridacondotels #floridacondotelmortgage #floridacondotelfinancing

#floridacondotels #floridacondotelmortgage #floridacondotelfinancing

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Rates posted assumes 25% down payment, and an ARM and fixed rate first mortgage on a Florida condotel, secondary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions.

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