3 Tips for Buying a Home Today

Written by Destin FL Mortgage Mortgage Syndicated User on August 22, 2022. Posted in Buying Myths, Destin FL Mortgage, First Time Home Buyers, For Buyers, Interest Rates, Mortgage Destin FL, Move-Up Buyers, Pricing.

If you put off your home search at any point over the past two years, you may want to consider picking it back up based on today’s housing market conditions. Recent data shows the supply of homes for sale is increasing, giving buyers like you additional options. But it’s important to keep in mind that while inventory is improving, it’s still a sellers’ market. And that means you need to be prepared as you set out on your home search. Here are three tips for buying the home of your dreams today. 1. Understand How Mortgage Rates Impact Your Homebuying Power Mortgage rates have increased...

Why a Home Inspection Is Important [INFOGRAPHIC]

Written by Destin FL Mortgage Mortgage Syndicated User on August 19, 2022. Posted in Buying Myths, Destin FL Mortgage, For Buyers, Infographics, Mortgage Destin FL.

Some Highlights If you’re buying a home, here’s what you should know about your home inspection and why it’s so important. A home inspection is a crucial step in the homebuying process. It assesses the condition of the home you plan to purchase so you can avoid costly surprises down the road. Let’s connect so you have an expert on your side to guide you through the process. Content previously posted on Keeping Current Matters

Experts Increase 2022 Home Price Projections

Written by Destin FL Mortgage Mortgage Syndicated User on August 17, 2022. Posted in Destin FL Mortgage, For Buyers, For Sellers, Housing Market Updates, Mortgage Destin FL, Pricing.

If you’re wondering if home prices are going to come down due to the cooldown in the housing market or a potential recession, here’s what you need to know. Not only are experts forecasting home prices will continue to appreciate nationwide this year, but most of them also actually increased their projections for home price appreciation from their original 2022 forecasts (shown in green in the chart below): As the chart shows, most sources adjusted up, and now call for more appreciation in 2022 than they originally projected this January. But why are experts so confident the housing market...

What Would a Recession Mean for the Housing Market?

Written by Destin FL Mortgage Mortgage Syndicated User on August 16, 2022. Posted in Destin FL Mortgage, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Destin FL, Pricing.

According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there’d be a recession by now. But this July, when polled, 49% believe we will see a recession in the coming 12 months. And as more recession talk fills the air, one concern many people have is: should I delay my homeownership plans if there’s a recession? Here’s a look at historical data to show what happened in real estate during previous recessions to help prove...

The U.S. Homeownership Rate Is Growing

Written by Destin FL Mortgage Mortgage Syndicated User on August 15, 2022. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Destin FL, Rent vs. Buy.

The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S. population live in a home they own, and the percentage is growing with time. If you’re thinking about buying a home this year, here are just a few reasons why so many people see the value of homeownership. Why Are More People Becoming Homeowners? There are several benefits to owning your home. A significant one, especially when...

Why Experts Say the Housing Market Won’t Crash [INFOGRAPHIC]

Written by Destin FL Mortgage Mortgage Syndicated User on August 12, 2022. Posted in Destin FL Mortgage, For Buyers, For Sellers, Housing Market Updates, Infographics, Mortgage Destin FL.

Some Highlights Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways. First, there isn’t an oversupply of homes for sale today. Plus, lending standards are much tighter, and homeowners have record levels of equity. That means signs say there won’t be a wave of foreclosures like the last time. If you have questions about the housing market, let’s connect. Content previously posted on Keeping Current Matters

What Does the Rest of the Year Hold for Home Prices?

Written by Destin FL Mortgage Mortgage Syndicated User on August 11, 2022. Posted in Destin FL Mortgage, For Buyers, For Sellers, Housing Market Updates, Mortgage Destin FL, Pricing.

Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year? Let’s break down what’s happening with home prices, where experts say they’re headed, and why this matters for your homeownership goals. Last Year’s Rapid Home Price Growth Wasn’t the Norm In 2021, home prices appreciated quickly. One reason why is that record-low mortgage rates motivated more buyers to enter the market. As a result, there were more people looking to make a purchase than there were homes available for sale. That led to competitive bidding wars which drove...

Is the Shifting Market a Challenge or an Opportunity for Homebuyers?

Written by Destin FL Mortgage Mortgage Syndicated User on August 10, 2022. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Destin FL, Move-Up Buyers.

If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars which drove home prices up as buyers competed with one another to be the winning offer. But what was once your greatest challenge may now be your greatest opportunity. Today, data shows buyer demand is moderating in the wake of higher mortgage rates. Here are a few reasons why this shift in the housing market is good news for your homebuying plans. The Challenge There were many reasons for the limited number of homes on the market...

Housing Market Forecast for the Rest of 2022 [INFOGRAPHIC]

Written by Destin FL Mortgage Mortgage Syndicated User on August 5, 2022. Posted in Destin FL Mortgage, For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Mortgage Destin FL, Pricing.

Some Highlights The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022. Home prices are forecast to rise more moderately than last year. Mortgage rates will respond to inflation, and home sales will be more in line with pre-pandemic years. Let’s connect so you can make your best move this year. Content previously posted on Keeping Current Matters

Buying a Home May Make More Financial Sense Than Renting One

Written by Destin FL Mortgage Mortgage Syndicated User on August 3, 2022. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Mortgage Destin FL, Pricing, Rent vs. Buy.

If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have risen in recent years – rental prices have skyrocketed as well. As a recent article from realtor.com says: “The median rent across the 50 largest US metropolitan areas reached $1,876 in June, a new record level for Realtor.com data for the 16th consecutive month.” That means rising prices will likely impact your housing plans either way. But there are a few key differences that could make buying a home a more worthwhile...

Category: For Buyers