Buyer’s Market?: Huge incentives, rate buy-downs, and more

As mortgage interest rates continue to remain high, new home builders and sellers are putting the buyers in the driver’s seat.

ABC Action News reporter Michael Paluska sat down with a developer in Tampa and two realtors: Alex Jandick in Pinellas County, and Brian Stephens in Polk County.

“The average days in the market right now in Lakeland is about 75-80,” Stephens said. “So, homes are sitting longer, and sellers are getting a little frantic, and they want to negotiate by paying some of the buyers’ closing costs and coming down off the price.”…

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