Despite rising mortgage rates, realtors say homes continue selling for thousands over asking price

Sherry Flathman has been a realtor for 18 years.

“The interest rates are high three’s, low four’s and I know they’re projected to go up this year, no one knows how many times.

“They don’t call it an investment for no reason, it’s not a “guarantees”-ment.

O’Grady said in this market it’s smart to have your money readily available for when you find the right home, and not tied up in investments.

“Patience is going to be the key thing.

WHAT IS THE PRICE OF PARADISE? As Tampa Bay continues to attract new residents and businesses, the impact of living in paradise comes at a cost for all of us— from the increasing cost of housing and infrastructure to utilities and insurance.

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