Available 7 Days/Week       MON - FRI  8am - 7pm       SAT - SUN  10am – 6pm
Call us (786) 755-7400
Apply Now

Category: Economy

Auto Added by WPeMatico

Investors Are Not Buying Up All the Homes

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

Some HighlightsThere’s a misconception Wall Street is buying all the homes on the market. But data proves that isn’t true.?Experts agree the share of homes bought by investors is declining – and most are smaller investors, like your neighbor who owns a second home, not Wall Street.No matter what you’ve heard, the majority of homes are still being purchased by everyday homebuyers like you – not big investors. Connect with an agent if you have questions.?

Continue reading

What’s Behind Today’s Mortgage Rate Volatility?

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

If you’ve been keeping an eye on mortgage rates lately, you might feel like you’re on a roller coaster ride. One day rates are up; the next they dip down a bit. So, what’s driving this constant change? Let’s dive into just a few of the major reasons why we’re seeing so much volatility, and what it means for you.The Market’s Reaction to the ElectionA significant factor causing fluctuations in mortgage rates is the general reaction to the political landscape. Election seasons often bring uncertainty to financial markets, and this one is no different. Markets tend to respond not only to who won,...

Continue reading

Is Wall Street Really Buying All the Homes?

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

Let’s be real – buying a home right now is tough. You’re scrolling through listings, rushing to open houses, and maybe even losing out to more competitive offers. Somewhere along the way, you might’ve heard the reason it’s so hard to find a home is because big Wall Street investors are swooping in and snatching up everything in sight.But here’s the thing: that’s mostly a myth. While investors are part of the market, according to Redfin, they’re a relatively small part:Here’s what that means. Five out of every six homes are being purchased by everyday homebuyers like you – not big investors.So,...

Continue reading

Q&A: How Do Presidential Elections Impact the Housing Market?

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

Some HighlightsEven if you’re not looking to move right away, you may have questions about how the election will impact the housing market.When we look at historical trends, combined with what’s happening right now, we can find your answers. Based on historical data, mortgage rates decrease in the months before and home prices and sales increase the year after the election.The facts show Presidential elections only have a small and temporary impact on the housing market.

Continue reading

Why Home Sales Bounce Back After Presidential Elections

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

With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market. Let’s break it down.Election Years Bring a Temporary SlowdownIn any given year, home sales slow down slightly in the fall. It’s a typical, seasonal trend. However, according to data from BTIG, in election years there’s usually a slightly larger dip in home sales in the month leading up to Election Day (see graph below):Why? Uncertainty. Many consumers hold off on making major decisions or purchases while they wait to see how the election will play out. It’s a pattern...

Continue reading

Why Today’s Foreclosure Numbers Won’t Trigger a Crash

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

With everything feeling more expensive these days, it’s natural to worry about how rising costs might impact the housing market. Many people are concerned that high prices and tighter budgets could cause more homeowners to fall behind on their mortgage payments, leading to a wave of foreclosures.But before you start worrying about a housing market crash, here’s a look at what’s really happening. And the good news is: the latest foreclosure data shows there’s no wave on the horizon.How Today’s Market Is Different from 2008Let’s ease those fears by looking at the bigger picture. The graph below...

Continue reading

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,...

Continue reading

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...

Continue reading

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...

Continue reading

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...

Continue reading