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Category: For Buyers

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Sellers Are Cutting Prices To Meet Buyers Where They’re At

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

You’re scrolling through listings on your phone and everything looks good until you see the price (or the estimated monthly payment). Then you close the app. Because even if you love the house, the numbers feel impossible. But here’s the thing.Nationally, there are more homes sitting on the market than there are people out there looking. And when sellers need buyers more than buyers need sellers, that shows up in the price.Lower asking prices. More price cuts. And homes priced for what buyers can actually afford – not what sellers hope someone might pay.And it may be enough to...

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Worried About a Housing Crash? The Numbers Tell a Calmer Story.

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

A recent survey from Talker Research asked Americans to pick one word to describe how 2026 has felt so far. The winner? Stressful. And honestly, there’s been a lot going on.So, it’s understandable if you’ve been putting off buying or selling a home until things settle down. But you may be waiting on something that’s already happened. While everything else has felt shaky, the housing market has become one of the steadiest things out there. Look at the data.Home Prices Have Leveled OutAfter years of fast increases, data from the National Association of Realtors (NAR) shows home...

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Higher Rates Could Actually Help Housing Supply – Here’s How.

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

You may have heard the number of homes for sale isn’t growing like it was. And maybe that has you worried you won’t find a home you love when it’s time to make your move.But that may be about to change. Here’s why your pool of options may actually start ticking back up again.Growth Has Slowed, But It Hasn’t StoppedActive listings were up 2.1% year-over-year in July, according to Realtor.com. Back in January, inventory was up 10%. And in May of 2025, it was up 31.5%. So, growth has cooled off a lot over the last year.The past 3 months, though, have all seen inventory growth land in roughly...

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Who Has the Upper Hand in Today’s Housing Market?

Written by Key West Mortgage Syndicated User on . Posted in Buying Tips, For Buyers, For Sellers, Key West Florida News, Key West News, Selling Tips.

Ask around and almost every homebuyer out there wants to know if there’s a way to get a better deal. And just about every seller wants to know if they’ll still get top dollar.The interesting thing is… both can be right at the exact same time. It just depends on where you live.That’s because today’s housing market isn’t moving in one direction anymore. Some markets clearly favor buyers. Others still favor sellers. But most are sitting somewhere in the middle.And knowing which market you’re actually in can completely change the strategy you use to buy or...

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Here’s Why Mortgage Rates Are What They Are Right Now

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

If you’re waiting for mortgage rates to fall a lot before you buy, you may be waiting a while. But before you get discouraged, there’s a number working behind the scenes that’s actually good for you right now. It’s called the spread, and once you understand it, you may see today’s rates in a whole new light.The Pattern That’s Held for 50+ YearsFor starters, mortgage rates don’t move on their own. They tend to follow the 10-year treasury yield, a number tied to how investors feel about the economy.It’s not an exact science, since plenty of other factors can move...

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The Case for Putting 20% Down on Your Next Home

Written by Key West Mortgage Syndicated User on . Posted in Affordability, Buying Tips, Downsize, For Buyers, Key West Florida News, Key West News, Move-Up.

If you’re planning to buy your next home soon, you’ve probably heard the old rule about saving 20% for your down payment.The truth is, you usually don’t have to. Plenty of loan options let qualified buyers put down much less. But a lot of repeat buyers are choosing to put down 20% anyway.So, why are they if they don’t have to?Two reasons. They know a bigger down payment pays off, and after years in their current house, they’ve built up enough equity that it’s finally possible.Repeat Buyers Put More Money DownAccording to the National Association of Realtors (NAR), the typical repeat buyer...

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Thinking About Waiting for Lower Mortgage Rates? Read This First.

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

Imagine waiting a year to buy a home, only to find mortgage rates haven’t changed much. That may sound frustrating.But it’s a real possibility.A lot of people are putting their plans on hold because they believe much lower mortgage rates are right around the corner. But, based on today’s forecasts, that may not happen. And you should know that before you decide what to do.Let’s look at why experts don’t expect a dramatic drop in rates – and the options that could help you buy anyway. Because even if rates don’t fall, you can still move. Here’s how.1. Mortgage...

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Priced Out? A Condo or Townhome Could Be Your Way In.

Written by Key West Mortgage Syndicated User on . Posted in Affordability, Buying Tips, Downsize, First-Time Buyers, For Buyers, Key West Florida News, Key West News.

Today’s home prices have a lot of buyers – especially first-time buyers – wondering if there’s even anything out there that’s in their budget. But owning a home may be more within reach than you think. Sometimes, it just means considering a different type of home.Condos and townhomes can be a great way to buy without stretching every last dollar. And right now, two things make them worth a serious look.There Are More Condos and Townhomes To Choose FromMaybe you feel like there’s just nothing out there for you, and you’ve exhausted all your options. But have you considered condos or...

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More Homes, Better Prices: A Buyer’s Summer

Written by Key West Mortgage Syndicated User on . Posted in Buying Tips, First-Time Buyers, For Buyers, Home Prices, Inventory, Key West Florida News, Key West News.

If you’ve thought about buying a home in the past few years, you may have run into two frustrations: asking prices that kept climbing and too few homes to choose from.In many places, both sticking points are letting up this summer, with lower asking prices and more homes for sale. Let’s look at the trends, and what they mean for your search.Sellers Are Pricing To Attract BuyersAccording to Realtor.com, the national median asking price was $430,000 in June, nearly $11,000 under what it was the year before (see graph below):That’s the eighth month in a row that the typical asking price has...

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14 Years Running: Why Real Estate Is Still America’s Favorite Investment

Written by Key West Mortgage Syndicated User on . Posted in First-Time Buyers, For Buyers, Key West Florida News, Key West News, Rent vs. Buy.

Quick gut reaction. Which investment do Americans trust more than stocks, gold, savings accounts, and bonds? The answer hasn’t changed in 14 years. It’s real estate. And this year, that answer comes with even more conviction behind it. New data shows people aren’t just saying homeownership is a smart move, they’re feeling better about it than they have in years. Let’s dig into why.Real Estate Takes the Top Spot – AgainEvery year, Gallup asks Americans to name the best long-term investment. And for the 14th year in a row, real estate came out on top (see graph...

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