Real Estate Opportunities From Scranton To Miami

MIAMI - Sept. 27, 2020 - During this economic time of opportunity, Matt Aniska has partnered with local brokerages in Scranton, Pennsylvania and Miami, Florida. With home sales and prices on a steady incline during the 3rd fiscal quarter of 2020, Matt assembled teams in respective geographical areas to service the increased demand of home buyers.

Last month, the median existing home price rose 11.4 percent to $310,600, up from $278,800 in August 2019, according to The National Association of Realtors. NAR also reported sales for existing homes reached a 14-year high in August 2020. Playing a pivotal role in this market shift is the record-low mortgage rates available to homebuyers. With "cheap" money available, consumers are taking advantage.

"Market prices are directly correlated with interest rates. Low interest rates procure more ready and willing buyers causing a depletion of supply and a raise in prices. This basic economic supply-and-demand model represents a consistent number of homes are listed on the market each year; the economic change is driven from the buyers demand for those listings." - Miami Association of REALTORS & Greater Scranton Board of REALTORS agent, Matt Aniska.

As long as interest rates remain low, this causation will maintain the markets current trajectory.

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