www.GetRealEstateSmart.com, Have you ever thought about helping out one of your children or family members with the purchase of their first house by being a cosigner on their loan?  We would highly encourage you to watch this video blog David did on some of the things you should consider BEFORE you do it!

Let us know what you think!

For more information on this or if you need trusted realtors to represent you, feel free to Contact Us, and we would be more than happy to assist you. "Get Real Estate Smart" with The Millers!

The Miller Realty Group is a successful real estate team who provides real estate solutions for residential homeowners in the metro Orlando real estate market, including Lake Mary, Longwood, Heathrow, Sanford, Winter Park, Winter Springs, Altamonte Springs, Maitland, Orlando and surrounding cities. Founded in 2006, The Miller Group of Keller Williams Realty has transformed itself into one of the top real estate teams in Central Florida.

www.GetRealEstateSmart.com, David shares his annual predictions on where he thinks the real estate market in Orlando is going to go over the next 12 months.  Find out everything he expects to go up except for one very important thing!

Hey! This is David Miller with The Miller group of Keller Williams Realty and I'm here to help you get... real estate smart don't try that when you're driving please! I wanted to share with you my predictions for 2022! Okay, what's going to happen in real estate since COVID in the past two years have been a little bit crazy. It's been very fluid. I'm going to try to simplify this for you in "David Miller's" terms here and if you know me you're probably thinking "yeah right you're never simple" but i'm going to really simplify my thoughts on what's going to happen in the Metro Orlando Market. Okay, so first of all, it comes down to a couple key concepts. First one is interest rates.Interest rates for the past couple years have been relatively historically low that's more than relatively, it's very very low. We're in the low threes right now. Whenever the interest rates are low then that's going to drive demand because as a buyer that means that you can afford more houses. Now,  what's going to happen with interest rates in 2022. They will go up, yes, they will go up because they've been artificially low or kept low by the federal government because they've been buying billions of dollars of government-backed loans every month and they have said that they're going to stop doing that. Actually, the last time they met the middle of December they said they're going to reduce it a lot more than they said they were so by March of 2022. They will no longer be buying government-backed loans. Now, that doesn't mean for sure that the rates are going up, but typically they do go up so I do expect rates to go up. Interest rates will go up which means if you're a buyer and if you're wanting to buy the same house, it's going to be more difficult to do it. A good rule of thumb for every one, percent increase and interest rates that means you can afford 10 percent less property. So, interest rates will go up to what number? I'd say 3.5 to 4% by the end of this year, 2022 that is. But that's hard to say, it really depends what happens in the economy. With inflation so high they're going to be ramping that up pretty quickly and that will affect the rate of the interest rate. So when the interest rates go up that means that will affect demand and the demand for homes will go down because if you're a buyer you're gonna be like, "oh man i used to be able to afford this 400,000 house now i can only afford 350,000 house". So that will affect the buyer demand for houses out there. This means demand will go down, interest rates up, demand down. Here's the third concept. When demand goes down what happens to inventory? Inventory is going to go up. It will go up. Now, is it going to be like the bubble is gonna burst? No no no. If you watched my other video blogs you know why that's not gonna happen. This is because inventory will go up, but it's not gonna go up where it's gonna turn into a buyer's market. There simply is still a lot of demand out there and the fact of the matter is that there's not a lot of inventory and that's because over the past 10 years there's been a lack of inventory because we haven't been building enough homes. I mean a lot of people are holding on to the properties and we're also getting the millennials into the market demand as well so the inventory will go up, but i think that's good news. That's healthy for the market. What happens when the inventory goes up? When inventory goes up, that's going to affect pricing, all right? Pricing is all about supply and demand. For this year where the rate of appreciation in metro Orlando is 19 to 20% higher than the same time last year. If we continue at that pace, within five years the home prices are gonna double in value.  That just is not healthy, that is not going to happen. It's going to become unaffordable for buyers and then that will affect the market so what will go down and the only thing that will go down next year in my opinion other than buyer demand slightly is the rate of appreciation. That doesn't mean prices are going to go down.  That means rather than appreciating at 20 percent, maybe the rate of appreciation is 15 or even 10 or maybe even 8 percent. Now let me put this in perspective for you. The average rate of appreciation over time for the real estate industry is 4. So even if we're at 8 the sky has not fallen. That's still double the average that's out there. So I feel that with the demand going down and with the inventory going up that the rate of appreciation is going to go down. However, the prices are not going to drop. They are not going to drop anytime soon. So, those are my thoughts on what's going to happen in 2022. At the end of next year look this video up see if I was wrong or right and we can go from there! Please like our page if we have some value. Please share a comment! We respond to all the comments that we have on Youtube! Please subscribe and I hope that you are now real estate smart! Have a great day!

For more information on this or if you need trusted realtors to represent you, feel free to Contact Us, and we would be more than happy to assist you. "Get Real Estate Smart" with The Millers!

The Miller Realty Group is a successful real estate team who provides real estate solutions for residential homeowners in the metro Orlando real estate market, including Lake Mary, Longwood, Heathrow, Sanford, Winter Park, Winter Springs, Altamonte Springs, Maitland, Orlando and surrounding cities. Founded in 2006, The Miller Group of Keller Williams Realty has transformed itself into one of the top real estate teams in Central Florida.

 Oh oh, the news is out that Foreclosures are up 68% compared to this time last year.  Is this the start to the real estate market collapsing.  David shares his thoughts on what this means to the real estate market.

For more information on this or if you need trusted realtors to represent you, feel free to Contact Us, and we would be more than happy to assist you. "Get Real Estate Smart" with The Millers!

The Miller Realty Group is a successful real estate team who provides real estate solutions for residential homeowners in the metro Orlando real estate market, including Lake Mary, Longwood, Heathrow, Sanford, Winter Park, Winter Springs, Altamonte Springs, Maitland, Orlando and surrounding cities. Founded in 2006, The Miller Group of Keller Williams Realty has transformed itself into one of the top real estate teams in Central Florida.

 Within this video blog we share some of the changes which insurance companies are making to their policies which will affect you when you sell your house.  If you like what you hear, please subscribe to our YouTube channel so you can receive more valuable content!

For more information on this or if you need trusted realtors to represent you, feel free to Contact Us, and we would be more than happy to assist you. "Get Real Estate Smart" with The Millers!

The Miller Realty Group is a successful real estate team who provides real estate solutions for residential homeowners in the metro Orlando real estate market, including Lake Mary, Longwood, Heathrow, Sanford, Winter Park, Winter Springs, Altamonte Springs, Maitland, Orlando and surrounding cities. Founded in 2006, The Miller Group of Keller Williams Realty has transformed itself into one of the top real estate teams in Central Florida.

You'll be surprised why Zillow is no longer offering Zillow offers!  David provides the top two reason's why their buyer program did not work for them.

For more information on this or if you need trusted realtors to represent you, feel free to Contact Us, and we would be more than happy to assist you. "Get Real Estate Smart" with The Millers!

The Miller Realty Group is a successful real estate team who provides real estate solutions for residential homeowners in the metro Orlando real estate market, including Lake Mary, Longwood, Heathrow, Sanford, Winter Park, Winter Springs, Altamonte Springs, Maitland, Orlando and surrounding cities. Founded in 2006, The Miller Group of Keller Williams Realty has transformed itself into one of the top real estate teams in Central Florida.

Before you put off buying your next home for a year, find out the top 3 reasons why doing that could cost you hundreds of thousands of dollars!

For more information on this or if you need trusted realtors to represent you, feel free to Contact Us, and we would be more than happy to assist you. "Get Real Estate Smart" with The Millers!

The Miller Realty Group is a successful real estate team who provides real estate solutions for residential homeowners in the metro Orlando real estate market, including Lake Mary, Longwood, Heathrow, Sanford, Winter Park, Winter Springs, Altamonte Springs, Maitland, Orlando and surrounding cities. Founded in 2006, The Miller Group of Keller Williams Realty has transformed itself into one of the top real estate teams in Central Florida.

Check out this beautiful 4 bedroom 2 bathroom fully updated home in the sub division San Sebastian located in Apopka, Florida. Today we're exploring the Valencia two. 2515 SqFt two story home with a open floor plan. FUN FACT: San Sebastian is a gas community! The features in this home are to die for! 

Over the next few weeks, we'll be releasing a series of videos on how to avoid bad Real Estate Agents and tips on how to find experienced Realtors to represent you on your next  home buying and/or selling journey. We represent the Metro-Orlando / Central Florida area. However, our methods, knowledge and advice works throughout the Nation! We also work with Realtors across the United States and would  LOVE to help you find your next Real Estate Agent no matter where you're located in the United States. 

For more information on this or if you need trusted realtors to represent you, feel free to Contact Us, and we would be more than happy to assist you. "Get Real Estate Smart" with The Millers!

The Miller Realty Group is a successful real estate team who provides real estate solutions for residential homeowners in the metro Orlando real estate market, including Lake Mary, Longwood, Heathrow, Sanford, Winter Park, Winter Springs, Altamonte Springs, Maitland, Orlando and surrounding cities. Founded in 2006, The Miller Group of Keller Williams Realty has transformed itself into one of the top real estate teams in Central Florida.

David share's how you can avoid having your property go through the probate process after you die by utilizing a lady bird deed in Florida.

For more information on this or if you need trusted realtors to represent you, feel free to Contact Us, and we would be more than happy to assist you. "Get Real Estate Smart" with The Millers!

The Miller Realty Group is a successful real estate team who provides real estate solutions for residential homeowners in the metro Orlando real estate market, including Lake Mary, Longwood, Heathrow, Sanford, Winter Park, Winter Springs, Altamonte Springs, Maitland, Orlando and surrounding cities. Founded in 2006, The Miller Group of Keller Williams Realty has transformed itself into one of the top real estate teams in Central Florida.

Anne-Marie and Sabrina from MI Homes provides a tour of one of their model homes in Debary at Rivington Oaks.  They share what types of homes are available, what price range, and what amenities the community has to offer.

For more information on this or if you need trusted realtors to represent you, feel free to Contact Us, and we would be more than happy to assist you. "Get Real Estate Smart" with The Millers!

The Miller Realty Group is a successful real estate team who provides real estate solutions for residential homeowners in the metro Orlando real estate market, including Lake Mary, Longwood, Heathrow, Sanford, Winter Park, Winter Springs, Altamonte Springs, Maitland, Orlando and surrounding cities. Founded in 2006, The Miller Group of Keller Williams Realty has transformed itself into one of the top real estate teams in Central Florida.