Posts made by author 'Kristin Petersen'

Rate headlines can feel like a rollercoaster, but here's a practical way to think about them: each half‑point (0.50%) change in interest rate shifts a typical monthly principal‑and‑interest payment by roughly $30–$35 per $100,000 financed. On a $400,000 loan, that's about $120–$140 per month—enough to affect qualification, comfort, or both.

How do buyers respond? Many pair smart pricing with strategies like temporary (2‑1) or permanent buydowns, where sellers or builders contribute to reduce the rate. These make sense when you expect to stay put several years and want the certainty of lower payments now. Alternatively, a closing‑cost credit may be better if you're prioritizing cash to close.

What about timing the market? Focus less on "calling the bottom" and more on "owning the budget." Get a fully underwritten pre‑approval, check insurance quotes early (wind and flood if applicable), and understand HOA/condo dues. Then decide whether a buydown or...

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A Thanksgiving turkey has an uncanny way of teaching real estate lessons. It struts around confidently, makes a lot of noise, overestimates its curb appeal, and—if history is any guide—waits just a little too long to make a move.

In the spirit of this noble (and delicious) bird, The Cameron Compass brings you a few holiday truths from the turkey side of the table.

A turkey reminds us that timing matters. Sellers who wait until "after the holidays" sometimes discover they've missed the sweet spot—kind of like a turkey who suddenly realizes everyone's gathered around the table…with knives. Buyers, meanwhile, who hesitate on a great property may find someone else swoops in faster than Aunt Linda going for the last crescent roll.

A turkey also knows the value of presentation. Feathers fluff...

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Wondering whether home prices are finally softening on Florida's east‑central coast? As of late 2025, public dashboards show a slight year‑over‑year dip in average values across both counties, with longer days on market than a year ago. Translation: buyers have a bit more breathing room than they did in the frenzy of 2021–2023, while sellers still benefit from long‑term price appreciation and steady population growth in the region.

What's driving the shift? Several factors are at play: mortgage rates that eased from mid‑year highs, a gradual rise in active listings, and a return to more balanced pricing after the pandemic spike. County‑level stats also show meaningful variation by property type. Single‑family homes in entry and mid‑price brackets are moving when they're clean, fairly priced, and well‑presented. Some older condos with higher monthly dues or upcoming reserve requirements may take longer to attract offers.

For buyers, this environmen...

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Choosing between a brand‑new build and a well‑kept resale is less about hype and more about fit. New construction often offers modern energy efficiency, hurricane‑ready features (roofing, impact protection), and today's floor plans. Resales can deliver established neighborhoods, mature landscaping, and—in some cases—lower association dues or property taxes (the first year or so of ownership) due to earlier assessments.

With new builds, budget for the full picture: lot premiums, structural options, design center selections, and potential HOA or CDD (Community Development District) assessments. Clarify the builder's warranty coverage and who handles post‑closing service. With resales, factor in the age of roof, HVAC, plumbing, and electrical—even a well‑priced home can strain a budget if major systems are near end‑of‑life.

Location questions to ask either way: flood zone designation, wind mitigation credits, evacuation routes, and proximity to your...

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