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Category: Economy

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What’s the Impact of Presidential Elections on the Housing Market?

Written by Key West Mortgage Syndicated User on . Posted in Economy, For Buyers, For Sellers, Home Prices, Inventory, Key West Florida News, Key West News, Mortgage Rates.

It’s no surprise that the upcoming Presidential election might have you speculating about what’s ahead. And those unanswered thoughts can quickly spiral, causing fear and uncertainty to swirl through your mind. So, if you’ve been considering buying or selling a home this year, you’re probably curious about what the election might mean for the housing market – and if it’s still a good time to make your move.Here’s the good news that may surprise you: typically, Presidential elections have only had a small, temporary impact on the housing market. But your questions are definitely worth answering,...

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Today’s Biggest Housing Market Myths

Written by Key West Mortgage Syndicated User on . Posted in Buying Tips, Economy, Featured, For Buyers, Key West Florida News, Key West News, Mortgage Rates.

Have you ever heard the phrase: don’t believe everything you hear? That’s especially true if you’re thinking about buying or selling a home in today’s housing market. There’s a lot of misinformation out there. And right now, making sure you have someone you can go to for trustworthy information is extra important.If you partner with a real estate agent, they can clear up some common misconceptions and reassure you by backing them up with research-driven facts. Here are just a few misconceptions they can help disprove.1. I’ll Get a Better Deal Once Prices CrashIf you’ve heard home prices are...

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How the Economy Impacts Mortgage Rates

Written by Key West Mortgage Syndicated User on . Posted in Economy, For Buyers, For Sellers, Key West Florida News, Key West News, Mortgage Rates.

As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what’s ahead.One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While the Federal Reserve (the Fed) doesn’t directly control mortgage rates, they do control the Federal Funds Rate.The relationship between the two is why people have been watching closely to see when the Fed might lower the Federal Funds Rate. Whenever they do, that’ll put downward pressure on mortgage...

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Focus on Time in the Market, Not Timing the Market

Written by Key West Mortgage Syndicated User on . Posted in Economy, For Buyers, Home Prices, Key West Florida News, Key West News.

Should you buy a home now or should you wait? That’s a big question on many people’s minds today. And while what timing is right for you will depend on a lot of other personal factors, here’s something you may not have considered.If you’re able to buy at today’s rates and prices, it may be better to focus on time in the market, rather than timing the market. The Downside of Trying To Time the Market Trying to time the market isn’t a good strategy because things can change. Here’s an example. For the better part of this year, projections have said mortgage rates will come down. And while experts...

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Worried About Mortgage Rates? Control the Controllables

Written by Key West Mortgage Syndicated User on . Posted in Buying Tips, Economy, Key West Florida News, Key West News, Mortgage Rates.

Chances are you’re hearing a lot about mortgage rates right now. You may even see some headlines talking about last week’s Federal Reserve (the Fed) meeting and what it means for rates. But the Fed doesn’t determine mortgage rates, even if the headlines make it sound like they do.The truth is, mortgage rates are impacted by a lot of factors: geo-political uncertainty, inflation and the economy, and more. And trying to pin down when all those factors will line up enough for rates to come down is tricky.That’s why it’s generally not worth it to try to time the market. There’s too much at play...

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How Many Homes Are Investors Actually Buying?

Written by Key West Mortgage Syndicated User on . Posted in Economy, Inventory, Key West Florida News, Key West News.

Are big investors really buying up all the homes today?If you’re trying to find a house to buy, this may be something you’re wondering about. Maybe you’ve read about it or seen reels on social media saying investors buying all the homes is making it even harder to find what the average buyer is looking for. But spoiler alert – there’s a lot of misinformation out there. To clear things up, here’s the scoop on what’s really happening. A lot of the big investor activity is actually in the rearview mirror already.The Wall Street Journal (WSJ) explains:“Investors of all sizes spent billions...

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