![]() To combat this, the Federal Reserve began raising interest rates, and for the first time in U.S. The rapid rate of appreciation and inflation, however, was unsustainable. These factors led to record high demand for resale homes, triggering one of the greatest home appreciation periods in U.S. What started as a balanced market with low mortgage rates was turbo-boosted by COVID stimulus, work-from-homers, and supply chain disruptions which nearly halted new home construction. ![]() The SWFL housing market has been on a wild ride over the past two and a half years.
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