Key Factors Affecting Home Affordability Today

Written by Destin FL Mortgage Mortgage Syndicated User on November 7, 2022. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Destin FL, Move-Up Buyers, Pricing.

Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while it’s true rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation. Here are three measures used to establish home affordability: home prices, mortgage rates, and wages. Let’s look closely at each one. 1. Mortgage Rates This is the factor most people are focused on when they talk about homebuying conditions today. So far,...

Homeownership Wins Over Time [INFOGRAPHIC]

Written by Destin FL Mortgage Mortgage Syndicated User on November 4, 2022. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Mortgage Destin FL, Move-Up Buyers.

Some Highlights If you’re questioning whether or not to buy a home this year due to today’s cooling market, consider the long-term financial benefits of homeownership. As a homeowner, equity increases your wealth. On average, nationwide, home prices appreciated by 2% since 1991. Homeownership wins in the long run. If you’re ready to buy a home, let’s connect today. Content previously posted on Keeping Current Matters

Do You Believe Homeownership Is Out of Reach? Maybe It Doesn’t Have To Be.

Written by Destin FL Mortgage Mortgage Syndicated User on November 3, 2022. Posted in Demographics, Destin FL Mortgage, First Time Home Buyers, For Buyers, Gen Z, Millennials, Mortgage Destin FL, Move-Up Buyers.

It turns out, millennials aren’t the renter generation after all. The 2022 Consumer Insights Report from Mynd says there’s a portion of millennial and Gen Z buyers who are pursuing homeownership as a way to build their wealth, but it may not be exactly the way previous generations have done it. The study explains how they’re breaking into the market: “. . . younger generations of Americans are not buying into that dream in the same way that older generations have. A growing number of Americans are choosing to make their first real estate purchase as an investment property.” Instead of buying...

Sell Your House Before the Holidays

Written by Destin FL Mortgage Mortgage Syndicated User on November 2, 2022. Posted in Destin FL Mortgage, For Sellers, Mortgage Destin FL, Move-Up Buyers.

As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends. One of those key decision points could be whether or not you want to move this year. If the location or size of your current home no longer meets your needs, finding a house that better suits your lifestyle may be a top priority for you. But with today’s cooling housing market, is it really a good time to sell your house, or should you wait? If you’re ready to make your decision, here are three reasons you may want to consider selling before the holidays. 1. Get...

3 Trends That Are Good News for Today’s Homebuyers

Written by Destin FL Mortgage Mortgage Syndicated User on November 1, 2022. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Destin FL, Move-Up Buyers.

While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home. As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are just a few trends that may benefit you when you go to buy a home today. 1. More Homes To Choose from During the pandemic, housing supply hit a record low at the same time buyer demand skyrocketed. This combination made it difficult to find a home because there just weren’t enough to meet buyer demand....

Florida Mortgage | Keeping Today’s Housing Market in Perspective Is Key When You Sell

Written by Destin FL Mortgage Mortgage Syndicated User on November 1, 2022. Posted in Destin FL Mortgage, Mortgage Destin FL.

Keeping Today’s Housing Market in Perspective Is Key When You Sell | Today’s housing market is cooling from the frenzy it saw over the past two years | NMLS ID 1834853 #floridarealestate #floridahousingmarket #fidelityhomegroup

Taking the Fear out of Saving for a Home

Written by Destin FL Mortgage Mortgage Syndicated User on October 31, 2022. Posted in Buying Myths, Destin FL Mortgage, Down Payments, First Time Home Buyers, For Buyers, Mortgage Destin FL, Move-Up Buyers.

If you’re planning to buy a home, knowing what to budget for and how to save may sound scary at first. But it doesn’t have to be. One way to take the fear out of budgeting is understanding some of the costs you might encounter. And to do that, turn to trusted real estate professionals. They can help you plan your finances and prepare your budget. Here are just a few costs experts say you can expect. 1. Down Payment Saving for your down payment is likely top of mind as you set out to buy a home. But do you know how much you’ll need to save? While each situation is different, there’s a common...

Florida Mortgage | Don’t Be Afraid of Today’s Housing Market

Written by Destin FL Mortgage Mortgage Syndicated User on October 30, 2022. Posted in Destin FL Mortgage, Mortgage Destin FL.

Don’t Be Afraid of Today’s Housing Market. Buying or selling a home doesn’t have to be scary. | NMLS ID 1834853 #floridahousingmrket #floridarealestate #fidelityhomegroup

Applying for a Mortgage Doesn’t Have To Be Scary [INFOGRAPHIC]

Written by Destin FL Mortgage Mortgage Syndicated User on October 28, 2022. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Infographics, Mortgage Destin FL, Move-Up Buyers.

Some Highlights Even with higher mortgage rates, the mortgage process doesn’t need to be something you fear. Here are some steps to help as you set out to buy a home. Know your credit score and work to build strong credit. When you’re ready, lean on the pros and connect with a lender so you can get pre-approved and begin your home search. Any major life change can be scary, and buying a home is no different. Let’s connect so you have an advisor by your side to take fear out of the equation. Content previously posted on Keeping Current Matters

Florida Mortgage | Florida Market Update September 2022

Written by Destin FL Mortgage Mortgage Syndicated User on October 28, 2022. Posted in Destin FL Mortgage, Mortgage Destin FL.

Florida Market Update September 2022 | NMLS ID 1834853 #floridamarketupdate #floridarealestate #fidelityhomegroup

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