I was reading an article today that outlined the latest dip in the stock market and the ripple effect that the mortgage industry is having on the housing industry. It was quite disturbing to think that there are many Americans stuck in an adjustable mortgage rate that will be adjusting soon and the rates are going up. This puts many people in a position where they are financing more than the house is actually worth. This does not seem to be the case with the Broward county real estate market. A quick glimpse of this site shows that there are over 2000 homes that are undervalued. With Homekeys they offer a unique sellers program where you only have to pay a $269 fee, and buyers who go through their site get 50% of the commissions. This could be god for the market as many people are having to lower their prices as rates continue to climb and many first time home buyers are having trouble making those higher payments.
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