I have been reading BE A REAL ESTATE MILLIONAIRE and im at the 5th chp.
my homework is to:
find my national and local factors that affect real estate pricing in my towm of South Florida
national factors:
1. interest rate
2. inflation
3. flow of investment funds
4. business cycle
5 cataclysmic events
local factors:
1. migration/job growth
2. development
3. new construction
4. supply and demand
5. neighborhood trends
local factor can overshadow national ones allowing incredible opportunities.
Well today i google historical interest rates in Fl and found out that the fixed rate mortgage (FRM) is 3.79 % compared to last yrs 4.61%
ill be checking this rate next month





