Real Estate Consistently Voted Best Investment [INFOGRAPHIC]

Written by Key West Mortgage Syndicated User on July 1, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Key West Florida News, Key West News, Move-Up Buyers.

Some Highlights Based on a recent Gallup poll, real estate has been rated the best long-term investment for nine years in a row. Owning real estate is more than just a place to call home. It’s also an investment in your future. That’s because it’s typically a stable and secure asset that can grow in value over time. If you’re ready to buy a home and invest in your future, let’s connect. Content previously posted on Keeping Current Matters

Things To Avoid After Applying for a Home Loan

Written by Key West Mortgage Syndicated User on July 1, 2022. Posted in First Time Home Buyers, For Buyers, Key West Florida News, Key West News, Move-Up Buyers.

Once you’ve applied for a mortgage to buy a home, there are some key things to keep in mind. While it’s exciting to start thinking about moving in and decorating, be careful when it comes to making any big purchases. Here are a few things you may not realize you need to avoid after applying for your home loan. Don’t Deposit Large Sums of Cash Lenders need to source your money, and cash isn’t easily traceable. Before you deposit any amount of cash into your accounts, discuss the proper way to document your transactions with your loan officer. Don’t Make Any Large Purchases It’s not just home-related...

Homeownership Is a Great Hedge Against the Impact of Rising Inflation

Written by Key West Mortgage Syndicated User on July 1, 2022. Posted in First Time Home Buyers, For Buyers, Key West Florida News, Key West News, Pricing.

If you’re following along with the news today, you’ve heard about rising inflation. Today, inflation is at a 40-year high. According to the National Association of Home Builders (NAHB): “Consumer prices accelerated again in May as shelter, energy and food prices continued to surge at the fastest pace in decades. This marked the third straight month for inflation above an 8% rate and was the largest year-over-year gain since December 1981.” With inflation rising, you’re likely feeling it impact your day-to-day life as prices go up for gas, groceries, and more. These climbing consumer costs...

Two Reasons Why Today’s Housing Market Isn’t a Bubble

Written by Key West Mortgage Syndicated User on July 1, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Key West Florida News, Key West News, Pricing.

You may be reading headlines and hearing talk about a potential housing bubble or a crash, but it’s important to understand that the data and expert opinions tell a different story. A recent survey from Pulsenomics asked over one hundred housing market experts and real estate economists if they believe the housing market is in a bubble. The results indicate most experts don’t think that’s the case (see graph below): As the graph shows, a strong majority (60%) said the real estate market is not currently in a bubble. In the same survey, experts give the following reasons why this isn’t like...

A Key Opportunity for Homebuyers

Written by Key West Mortgage Syndicated User on July 1, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Key West Florida News, Key West News, Move-Up Buyers.

There’s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. Two of the biggest hurdles homebuyers faced during the pandemic were the limited number of homes for sale and the intensity and frequency of bidding wars. But those two things have reached a turning point. As you may have already heard, the number of homes for sale has increased this year, and even more so this spring. As Danielle Hale, Chief Economist for realtor.com, explains: “New listings–a measure of sellers putting homes up for sale–were up 6% above one year ago. Home...

Homeownership Could Be in Reach with Down Payment Assistance Programs

Written by Key West Mortgage Syndicated User on July 1, 2022. Posted in Buying Myths, Down Payments, For Buyers, Key West Florida News, Key West News.

A recent survey from Bankrate asks prospective buyers to identify the biggest obstacles in their homebuying journey. It found that 36% of those polled said saving for a down payment is one of their primary hurdles to buying a home. If you feel the same way, the good news is there are many down payment assistance programs available that can help you achieve your homeownership goals. The key is understanding where to look and learning what options are available. Here’s some information that can help you. You Can Qualify Even if You’ve Purchased a Home Before There are several misconceptions about...

Why Home Loans Today Aren’t What They Were in the Past

Written by Key West Mortgage Syndicated User on June 1, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Key West Florida News, Key West News.

In today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago. Let’s ease those concerns. Several times a year, the Mortgage Bankers Association (MBA) releases an index titled the Mortgage Credit Availability Index (MCAI). According to their website: “The MCAI provides the only standardized quantitative index that is solely focused on mortgage credit. The MCAI is . . . a summary measure which indicates the availability of mortgage credit at a point in time.” Basically, the index determines...

How Buying or Selling a Home Benefits the Economy and Your Community

Written by Key West Mortgage Syndicated User on June 1, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Key West Florida News, Key West News.

If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a large impact on your community too? To measure that impact, the National Association of Realtors (NAR) releases a report each year to highlight just how much economic activity a home sale generates. The chart below shows how the sale of both a newly built home and an existing home impact the economy: As the visual shows, a single home sale can have a significant effect on the overall economy. To dive a level deeper, NAR also provides a detailed...

Why Summer Is a Great Time To Buy a Vacation Home

Written by Key West Mortgage Syndicated User on June 1, 2022. Posted in For Buyers, Key West Florida News, Key West News, Luxury Market.

You may be someone who looks forward to summer each year because it gives you an opportunity to rest, unwind, and enjoy more quality time with your loved ones. Now that summer is just around the corner, it’s worthwhile to start thinking about your plans and where you want to spend your vacations this year. Here are a few reasons a vacation home could be right for you. Why You May Want To Consider a Vacation Home Today Over the past two years, a lot has changed. You may be one of many people who now work from home and have added flexibility in where you live. You may also be someone who delayed...

Bright Days Are Ahead When You Move Up This Summer [INFOGRAPHIC]

Written by Key West Mortgage Syndicated User on June 1, 2022. Posted in For Buyers, For Sellers, Infographics, Key West Florida News, Key West News, Move-Up Buyers.

Some Highlights Warmer weather and longer days mean summer is almost here. Celebrate by upgrading to the home of your dreams so you can enjoy all the season has to offer. When you list your house, you can capitalize on today’s sellers’ market to fuel your upgrade. Then, you can move to a home with the features you want, like space to entertain or rooms for work and play. If you’re ready to upgrade to a home that matches your changing needs, let’s connect. Content previously posted on Keeping Current Matters

Category: For Buyers

Real Estate Consistently Voted Best Investment [INFOGRAPHIC]

Things To Avoid After Applying for a Home Loan

Homeownership Is a Great Hedge Against the Impact of Rising Inflation

Two Reasons Why Today’s Housing Market Isn’t a Bubble

A Key Opportunity for Homebuyers

Homeownership Could Be in Reach with Down Payment Assistance Programs

Why Home Loans Today Aren’t What They Were in the Past

How Buying or Selling a Home Benefits the Economy and Your Community

Why Summer Is a Great Time To Buy a Vacation Home

Bright Days Are Ahead When You Move Up This Summer [INFOGRAPHIC]

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