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Category: For Buyers

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Most Experts Are Not Worried About a Recession

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

Homebuyers are watching the economy closely, and for good reason. Buying a home is one of the biggest purchases most people ever make. And some recession talk in the media has made a lot of would-be buyers second guess their plans.In the latest LendingTree survey, almost 2 in 3 Americans said they think a recession is coming. And 74% of respondents say that’s having an impact on their financial decisions.But here’s the good news: the experts aren’t nearly as concerned.Most Americans Expect a Recession, But Most Experts Don’tAccording to an October report from the Wall Street Journal...

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The Housing Market Is Turning a Corner Going into 2026

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

After several years of high mortgage rates and hesitation from buyers, momentum is quietly building beneath the surface of the housing market. Sellers are reappearing. Buyers are re-engaging. And for the first time in what feels like forever, there’s movement happening again.No, it’s not a surge. But it is a shift – and it’s one that could set the stage for a stronger year in 2026.So, what’s driving the comeback? Here are three big trends that are slowly breathing life back into the housing market right now.1. Mortgage Rates Have Been Coming DownMortgage rates are always going to have their...

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Would You Let $80 a Month Hold You Back from Buying a Home?

Written by Key West Mortgage Syndicated User on . Posted in Affordability, Featured, First-Time Buyers, For Buyers, Forecasts, Key West Florida News, Key West News, Mortgage Rates.

A lot of buyers are stuck in “wait and see” mode right now. They’re watching rates hover a little above 6% and thinking, I’ll buy once they hit the 5s. Because who doesn’t want a better rate?But here’s the thing: that 5.99% number might not save you as much as you think.Affordability is still a challenge. There’s no question about that. But the market has given savvy buyers a head start. Mortgage rates have already come down over the past few months. And the drop we’ve seen saves you more than you’d think.How Much You’ve Already Saved, Without Realizing ItLet’s put some real numbers...

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Are Builders Overbuilding Again? Let’s Look at the Facts.

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

If it feels like you’re seeing new construction signs pop up everywhere, you’re not wrong. Builders have been busy. And it’s left some people wondering: Are we overbuilding like we did right before the 2008 housing crash?No matter what you may hear in the news, there’s no reason for alarm. In reality, data shows builders aren’t racing ahead, they’re actually starting to tap the brakes.Builders Are Pulling Back, Not Piling OnPermits (applications to start building new homes) are one of the best early indicators for what’s next for home construction. And right now, building permits are...

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The VA Home Loan Advantage: What Every Veteran Should Know Right Now

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

If you’ve served in the military (or if your spouse has), you have access to one of the most powerful homebuying tools out there. The chance to buy a home without having a down payment.Unfortunately, 70% of Veterans (that’s 7 out of every 10) don’t know about this benefit, according to Veterans United.And that’s a big missed opportunity for those who’ve earned this benefit through service. So, let’s break down what you really need to know about Veterans Affairs (VA) home loans right now.Why VA Home Loans Can Be a Great OptionFor nearly 80 years, VA loans have made homeownership...

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What a Government Shutdown Really Means for the Housing Market

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

There’s been a lot of talk lately about how a government shutdown impacts the housing market. You might be wondering: Is it causing everything to grind to a halt?The short answer? No.The housing market doesn’t stop. It keeps moving. Homes are still being bought and sold, contracts are still being signed, and closings are still happening. The difference is that a few parts of the process may slow down a little, but overall, the market continues to function.Here’s What Typically Happens Whenever the government shuts down, some federal agencies temporarily close or scale back their...

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Thought the Market Passed You By? Think Again.

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

If you stepped back from your home search over the past few years, you’re not alone – and you’re definitely not out of options. In fact, now might be the ideal time to take another look. With more homes to choose from, prices leveling off in many areas, and mortgage rates easing, today’s market is offering something you haven’t had in a while: options.Experts agree, buyers are in a better spot right now than they’ve been in quite a long time. Here’s what they have to say.Affordability Is Finally Improving Lisa Sturtevant, Chief Economist at Bright MLS, says affordability is finally starting...

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Why You Don’t Need To Be Afraid of Today’s Mortgage Rates

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

Mortgage rates have been the monster under the bed for a while. Every time they tick up, people flinch and say, “Maybe I’ll wait.” But here’s the twist. Waiting for that perfect 5-point-something rate could end up haunting your wallet later.The Magic NumberAccording to the National Association of Realtors (NAR):“. . . a 30-year fixed rate mortgage of 6% would make the median-priced home affordable for about 5.5 million more households—including 1.6 million renters. If rates were to hit that magic number, it’s likely that about 10%—or 550,000—of those additional households would buy a home...

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The Reason Homes Feel Like They Cost So Much (It’s Not What You Think)

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

Scroll through your feed and you’ll see plenty of finger-pointing about why homes cost so much. And according to a national survey, a lot of people believe big investors are to blame.Even though data shows that’s not true, nearly half of Americans surveyed (48%) think investors are the top reason housing feels so expensive (see graph below):But that theory doesn’t actually hold up once you look at the data.The Truth About InvestorsInvestors do play a role in the housing market, especially in certain areas. But they’re not buying up all the homes like so many people on social media...

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Is the Housing Market Going To Crash? Here’s What Experts Say

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

If you’ve seen headlines or social posts calling for a housing crash, it’s easy to wonder if home values are about to take a hit. But here’s the simple truth.The data doesn’t point to a crash. It points to slow, continued growth.And sure, it’s going to vary by local area. Some markets will see prices rise more than others. And some may even see small, short-term declines. But the big picture is: home prices are expected to rise nationally, not fall, over the next 5 years.The Real Story Is in the Expert ForecastsIn the Home Price Expectations Survey (HPES) from Fannie Mae, each quarter over...

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