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

Category: Home Prices

Auto Added by WPeMatico

When Is the Perfect Time To Move?

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

It’s easy to get caught up in the idea of waiting for the perfect moment to make your move – especially in today’s market. Maybe you’re holding out and hoping mortgage rates will drop, or that home prices will fall. But here’s what you need to realize: trying to time the market rarely works. And here’s why.There is no perfect market.No matter when you buy, there’s always some benefit and some sort of trade-off – and that’s not a bad thing. That’s just the reality of it. If you’re not sure you buy into that, think back to the last 5 years in housing. Just a few years ago, mortgage rates hit...

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...

Continue reading

What To Expect from Mortgage Rates and Home Prices in 2025

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

Curious about where the housing market is headed in 2025? The good news is that experts are offering some promising forecasts, especially when it comes to two key factors that directly affect your decisions: mortgage rates and home prices.Whether you’re thinking of buying or selling, here’s a look at what the experts are saying and how it might impact your move.Mortgage Rates Are Forecast To Come Down One of the biggest factors likely affecting your plans is mortgage rates, and the forecast looks positive. After rising dramatically in recent years, experts project rates will ease...

Continue reading

Buying Beats Renting in 22 Major U.S. Cities

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

That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments (see chart below):As mortgage rates have eased off their recent peak, home prices have moderated, and inventory has ticked up, affordability has improved significantly. When you add all of that up, it’s getting less expensive to buy a home than to rent one in many parts of the country.This is a big deal if you’ve been renting for a while now. But if you don’t see your city on this list, don’t sweat it. Things are moving fast, and your area...

Continue reading

Why Buying Now May Be Worth It in the Long Run

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

Should you buy a home now or should you wait? That’s a question a lot of people have these days. And while what’s right for you is going to depend on a lot of different factors, here’s something you’ll want to consider as you make your decision.As soon as you buy, you’ll start gaining equity. And you’d be surprised how quickly that can add up – even with more moderate home price appreciation.Each quarter, Fannie Mae releases the Home Price Expectations Survey. It asks over one hundred economists, real estate experts, and investment and market strategists what they forecast for home prices...

Continue reading

2025 Housing Market Forecasts: What To Expect

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.

Looking ahead to 2025, it’s important to know what experts are projecting for the housing market. And whether you’re thinking of buying or selling a home next year, having a clear picture of what they’re calling for can help you make the best possible decision for your homeownership plans.Here’s an early look at the most recent projections on mortgage rates, home sales, and prices for 2025.Mortgage Rates Are Projected To Come Down SlightlyMortgage rates play a significant role in the housing market. The forecasts for 2025 from Fannie Mae, the Mortgage Bankers Association...

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...

Continue reading

The Number One Mistake Sellers Are Making: Overpricing Their House

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

In today’s housing market, many sellers are making a critical mistake: overpricing their houses. This common error can lead to a home sitting on the market for a long time without any offers. And when that happens, the homeowner may have to drop their asking price to try to re-ignite buyer interest.Data from Realtor.com shows the number of homeowners realizing this mistake and doing a price reduction is climbing (see graph below):If you’re thinking about making a move yourself, here’s what you need to know. The best way to avoid making a costly mistake is to work with a trusted real...

Continue reading

Are Home Prices Going To Come Down?

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

Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home prices are heading for a correction, but what do the facts say? Well, it helps to start by looking at what a correction means.Here’s what Danielle Hale, Chief Economist at Realtor.com, says: “In stock market terms, a correction is generally referred to as a 10 to 20% drop in prices . . . We don’t have the same established definitions in the housing market.”In the context of today’s housing market, it doesn’t mean home prices are going to fall...

Continue reading