Recent Changes have Investors turning to the Upper Florida Keys

ISLAMORADA, Fla. - Sept. 30, 2014 - PRLog -- Per Jan Keller, Top Producing Islamorada Real Estate Agent for Coldwell Banker Schmitt, "Now is the time to buy a home in this island paradise because of the timing and trends which are currently happening. There are five reasons to purchase a home in the Upper Keys now and get your slice of Sunshine State living at its very best.

Interest Rates Remain Low

If you've looked at the latest interest rates, you've probably been shocked by how low they are even though the Federal Reserve is tapering off on its quantitative easing policy. Rates are hovering around 4.16 percent on thirty year mortgages, but that certainly won't last. Real estate experts and market watchers predict rate increases up to and over 5 percent by next year. Such a hike will hike up your monthly mortgage payment, so now is the time to buy and save.

More Inventory, Less Distressed Properties

Right now, there is more inventory on the market and that means increased competition among sellers. With such a dynamic, that keeps prices stable and the fact there are less distressed properties available, means great deals are out there to be had for strategic buyers. Distressed properties cause market prices to drop artificially and come with a lot of expensive repair needs.

Real Estate Prices will Rise

Though home prices are still affordable, there is a steady upward climb that's happening. In fact, for twenty-eight consecutive months, prices have been going up and will continue to do so as distressed property inventory declines, which is a reality that's unfolding. In other words, the longer you wait, the more you'll pay.

Rents aren't Going Down

If you live in the northeast, out on the west coast, or even in the midwest, you know that your rent isn't going to be less next year. It will only increase and that's occurring across the country. Nationwide, all rental prices increase about 4 percent each and every year. If you own, however, there is a fixed amount to pay every month and you won't be hit with increased living expenses.

About Jan Keller. Jan is a Top producing Real Estate agent and the owner of the Florida website www.kellerporterteam.com designed specifically to help people relocating to Islamorada and the upper Florida Keys.