Source: WPBF News —
PALM BEACH COUNTY, Fla. —
With the housing crisis in the Sunshine State, local brokers and buyers are resorting to various ways in tackling the current market.
“We have two kids now and two dogs, and it’s just a little too small,” Andrew Seifter, a home buyer, told WPBF 25 News.
He said he bought his first house in Jupiter about five years ago and had been looking for a bigger house nearby for nearly a year.
“We had a dream home in mind in Jupiter but as interest rates started to rise and property values did not fall, it changed circumstances,” he said.
“We refinanced this house during 2021, when rates were extremely low. So, we have a phenomenal interest rate on this home. And now with the current marketplace for interest rates, it’s just made the whole situation difficult,” Seifter added.