Why You Should Consider Condos as Part of Your Home Search

Written by Destin FL Mortgage Mortgage Syndicated User on September 28, 2022. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Destin FL.

The historically low inventory over the past few years led to challenges for many buyers trying to find a home that met their needs and their budget. If you’re in the same boat, you should know the recent shift in the housing market may have opened up doors for you to restart your search. The inventory of homes for sale has increased this year, and that’s giving buyers much needed options. As Danielle Hale, Chief Economist at realtor.com, says: “. . . today’s shoppers have more than 5 homes to consider for every 4 they had at this time a year ago.” But perspective is important. Overall, housing...

How an Expert Can Help You Understand Inflation & Mortgage Rates

Written by Destin FL Mortgage Mortgage Syndicated User on September 27, 2022. Posted in Destin FL Mortgage, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Destin FL.

If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one. Inflation and the Housing Market This year, inflation reached a high not seen in forty years. For the average consumer, you probably felt the pinch at the gas pump and in the grocery store. It may have even impacted your ability to save money to buy a home. While the Federal Reserve is working hard to lower inflation, the August data shows the inflation rate was still higher than expected. This news impacted the stock market and fueled conversations...

The True Strength of Homeowners Today

Written by Destin FL Mortgage Mortgage Syndicated User on September 26, 2022. Posted in Destin FL Mortgage, For Buyers, For Sellers, Housing Market Updates, Mortgage Destin FL.

The real estate market is on just about everyone’s mind these days. That’s because the unsustainable market of the past two years is behind us, and the difference is being felt. The question now is, just how financially strong are homeowners throughout the country? Mortgage debt grew beyond 10 trillion dollars over the past year, and many called that a troubling sign when it happened for the first time in history. Recently Odeta Kushi, Deputy Chief Economist at First American, answered that question when she said: “U.S. households own $41 trillion in owner-occupied real estate, just over $12...

Fall Home Selling Checklist [INFOGRAPHIC]

Written by Destin FL Mortgage Mortgage Syndicated User on September 23, 2022. Posted in Destin FL Mortgage, For Sellers, Infographics, Mortgage Destin FL, Move-Up Buyers.

Some Highlights When it comes to selling your house, you want it to look its best inside and out so it catches the attention of buyers. A real estate professional can help you decide what to do to make that happen. Focus on tasks that can make it inviting, show it’s cared for, and boost your curb appeal. Let’s connect so you have advice on what you may want to do to get your house ready to sell this season. Content previously posted on Keeping Current Matters

Florida Mortgage | US interest rates hit 14-yr high in inflation battle

Written by Destin FL Mortgage Mortgage Syndicated User on September 23, 2022. Posted in Destin FL Mortgage, Mortgage Destin FL.

Florida Mortgage | US interest rates hit 14-yr high in inflation battle. NMLS ID 1834853 #mortgagerates #floridamortgagerates #floridamortgagecompany

What Experts Say Will Happen with Home Prices Next Year

Written by Destin FL Mortgage Mortgage Syndicated User on September 22, 2022. Posted in Destin FL Mortgage, For Buyers, For Sellers, Housing Market Updates, Mortgage Destin FL, Pricing.

Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long it would last. If you’re asking yourself: what’s ahead for the price of my home, know that experts are now answering this question, and its welcome news for homeowners who may have been led by the media to believe their home would lose value. Historically, home prices have appreciated at a rate near 4%. For 2023, the average of six major forecasters...

Top Reasons Homeowners Are Selling Their Houses Right Now

Written by Destin FL Mortgage Mortgage Syndicated User on September 21, 2022. Posted in Destin FL Mortgage, For Sellers, Interest Rates, Mortgage Destin FL, Move-Up Buyers.

Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want to lose the historically low mortgage rate they have on their current home. You may even have the same hesitation if you’re thinking about selling your house. Data shows 51% of homeowners have a mortgage rate under 4% as of April this year. And while it’s true mortgage rates are higher than that right now, there are other non-financial factors to consider when it comes to making a move. In other words, your mortgage rate is important, but you may have other things going on in...

Watching the Stock Market? Check the Value of Your Home for Good News.

Written by Destin FL Mortgage Mortgage Syndicated User on September 20, 2022. Posted in Destin FL Mortgage, For Buyers, For Sellers, Housing Market Updates, Mortgage Destin FL.

While watching the stock market recently may have started to feel pretty challenging, checking the value of your home should come as welcome relief in this volatile time. If you’re a homeowner, your net worth got a big boost over the past few years thanks to rising home prices. And that increase in your wealth came in the form of home equity. Here’s how it works. Equity is the current value of your home minus what you owe on the loan. Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over the past few...

Will My House Still Sell in Today’s Market?

Written by Destin FL Mortgage Mortgage Syndicated User on September 19, 2022. Posted in Destin FL Mortgage, For Sellers, Housing Market Updates, Mortgage Destin FL, Selling Myths.

If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years. Buyer Demand Then and Now During the pandemic, mortgage rates hit record lows, and that spurred a significant rise in buyer demand. This year, as rates increased due to factors like rising inflation, buyer demand pulled back or softened as a result. The latest data from ShowingTime confirms this trend (see graph below): The orange...

Florida Mortgage | How Your Home Sale or Purchase Impacts the Economy

Written by Destin FL Mortgage Mortgage Syndicated User on September 17, 2022. Posted in Destin FL Mortgage, Mortgage Destin FL.

Florida Mortgage | How Your Home Sale or Purchase Impacts the Economy. When you buy or sell a home, you’re making a difference in your community. Let’s connect if you’re ready to make a move and make an impact. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

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