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Sarasota Market
The real estate market is continuing to be red hot. Although we saw an increase in inventory throughout the month of April, it seems to have leveled off a bit in the last week or two. Mortgage rates are continuing to climb and todays rates for a 30yr mortgage are near 5.25%.
If you're a buyer in this market but you're afraid you may be buying at the top of the market, take a moment to consider where the developers in town are committed to spending hundreds of millions over the next 5 years. The developments that we're a part of here at Robbins Real Estate are just a few of the many in the plans for Sarasota. Look at where the money is being spent and buy in an area poised to benefit from the new growth.
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