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Category: Home Prices

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Don’t Let Home Prices Headlines Fool You

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

Spend about 5 minutes online searching for news about the housing market, and odds are you’ll see something pop up about home prices. You may even stumble onto social media influencers saying we’re headed for a crash. Let’s get you the context you need.The truth is prices are going to vary depending on where you live. But they’re not crashing.Here’s what you need to know.The Local Perspective: Home Price Trends by AreaThe biggest thing feeding into the confusion online is how different home price trends are by area right now. Take a look at this data from ResiClub and Zillow (see...

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Top 3 Reasons To Buy a Home Before Spring

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

If you’re planning to buy a home this year, you may be focused on the spring market. And hoping that when spring does hit, you’ll see:Mortgage rates drop a little more.More homes hit the market.But here’s what most buyers don’t realize. Buying just a few weeks earlier could mean paying less, dealing with less stress, and feeling less rushed.Here are three reasons why accelerating your timeline over the next few weeks could actually be a better play.1. Holding Out for Lower Rates May Not Pay Off A lot of buyers are hoping mortgage rates will fall even further. But that’s not the best...

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Expert Forecasts Point to Affordability Improving in 2026

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

Wondering what to expect from the housing market in 2026? You’re not the only one. For the past few years, affordability has been the biggest barrier standing between most people and their next move. And a lot of buyers and sellers have been holding their breath waiting for things to get better. The good news? It’s finally happening.In 2025, affordability was the best it’s been in 3 years. And experts agree the momentum will keep going in 2026. And that’s based on their analysis of the key factors shaping the housing market in the year ahead: mortgage rates, inventory, and home prices.Lower...

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Headlines Have You Worried about Your Home’s Value? Read This.

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

Hearing talk about home prices falling? That may leave you worried about whether your house is losing value. But here’s what you need to know. While some local markets have seen small price dips this year, home prices are not falling nationally. So, don’t let the headlines scare you.The vast majority of the country is actually seeing prices rise.While that may feel surprising after the headlines you’ve seen, the map below uses year-over-year data from the Federal Housing Finance Agency (FHFA) to make that clear:Let’s break down what this really shows.Most states are seeing prices rise (the...

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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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2026 Housing Market Outlook

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

After a couple of years where the housing market felt stuck in neutral, 2026 may be the year things shift back into gear. Expert forecasts show more people are expected to move – and that could open the door for you to do the same.More Homes Will SellWith all of the affordability challenges at play over the past few years, many would-be movers pressed pause. But that pause button isn’t going to last forever. There are always people who need to move. And experts think more of them will start to act in 2026 (see graph below):What’s behind the change? Two key factors: mortgage rates and home...

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What Buyers Say They Need Most (And How the Market’s Responding)

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

A recent survey from Bank of America asked would-be homebuyers what would help them feel better about making a move, and it’s no surprise the answers have a clear theme. They want affordability to improve, specifically prices and rates (see below):Here’s the good news. While the broader economy may still feel uncertain, there are signs the housing market is showing some changes in both of those areas. Let’s break it down so you know what you’re working with.Prices Are ModeratingOver the past few years, home prices climbed fast, sometimes so fast it left many buyers feeling shut out. But...

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Why Buyers and Sellers Face Very Different Conditions Today

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

There’s a new divide in housing right now. In some states, buyers are gaining ground. In others, sellers still have the upper hand. It all depends on where you live. Curious what’s happening in your state?These 3 maps show how the split is playing out across the country. In each one:Darker Shades of Blue = Buyer friendlyLighter Shades of Blue = Seller strongInventory Sets the StageWhile the number of homes for sale has improved pretty much across the board, how much growth we’ve seen can look dramatically different based on where you live. And that impacts who has the leverage...

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3 Reasons Affordability Is Showing Signs of Improvement This Fall

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

For the past couple of years, it’s been tough for a lot of homebuyers to make the numbers work. Home prices shot up. Mortgage rates too. And a number of people hit pause because it just didn’t feel possible. Maybe you were one of them.But there’s some encouraging news. If you’ve been waiting for a better time to jump back in, affordability may finally be showing signs of improvement this fall.The latest data from Redfin shows the typical monthly mortgage payment has been coming down, and is now about $290 lower than it was just a few months ago (see graph below):And here’s why this is...

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