Expert Insights on the 2022 Housing Market

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

As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in 2022. Odeta Kushi, Deputy Chief Economist, First American: “Consensus forecasts put rates at about 3.7% by the end of next year. So, that’s still historically low, but certainly higher than they are today.” Danielle Hale, Chief Economist, realtor.com: “Affordability will increasingly be a challenge...

How Smart Buyers Are Approaching Rising Mortgage Rates

Written by Key West Mortgage Syndicated User on December 1, 2021. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Key West Florida News, Key West News, Move-Up Buyers.

Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022: “The 30-year fixed-rate mortgage was 2.9% in the third quarter of 2021. We forecast mortgage rates to increase slightly through the remainder of the year and reach 3.0%, rising to 3.5% for full year 2022.” If you’re thinking of buying a home, here are a few things to keep in mind so you can succeed even as mortgage rates rise. Taking Time Off Can Be Costly Mortgage rates play a significant role in your home search. As rates go up, your monthly...

Don’t Believe Everything You Read: The Truth Many Headlines Overlook

Written by Key West Mortgage Syndicated User on December 1, 2021. Posted in Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Interest Rates, Key West Florida News, Key West News, Pricing.

There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise. With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, we’ll continue to see a rash of troublesome headlines over the next few months. To make sure you aren’t paralyzed by a headline, turn to reliable resources for a look at what to expect from the housing market next year. There are already alarmist headlines starting...

Housing Challenge or Housing Opportunity? It Depends.

Written by Key West Mortgage Syndicated User on November 1, 2021. Posted in For Sellers, Housing Market Updates, Interest Rates, Key West Florida News, Key West News, Move-Up Buyers, Pricing.

The biggest challenge in real estate today is the lack of available homes for sale. The low housing supply has caused homes throughout the country to appreciate at a much faster rate than what we’ve experienced historically. There are many reasons for the limited number of homes on the market, but as you can see in the graph below, we’re well below where we’ve been for most of the past 10 years. Today, across the country, there is only a 2.4-month supply of homes available for sale. The Opportunity This lack of homes for sale is creating a challenge for many buyers who are growing frustrated...

Two Reasons Why Waiting a Year To Buy Could Cost You

Written by Key West Mortgage Syndicated User on October 1, 2021. Posted in Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Key West Florida News, Key West News, Move-Up Buyers, Pricing.

If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself two simple questions: What will home prices be like in 2022? Where will mortgage rates be by the end of 2022? Let’s shed some light on the answers to both of these questions. What will home prices be like in 2022? Three major housing industry entities project continued home price appreciation for 2022....

Fact or Fiction: Homebuyer Edition [INFOGRAPHIC]

Written by Key West Mortgage Syndicated User on September 14, 2021. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Interest Rates, Key West Florida News, Key West News, Move-Up Buyers, Pricing.

Some Highlights When it comes to the current housing market, there are multiple misconceptions – from what the current supply of available homes looks like to how much houses are selling for. It takes professionals who study expert opinions and data to truly understand the real estate market and separate fact from fiction. Trust the pros. If you want to understand why it’s still a good time to buy, let’s connect today. Content previously posted on Keeping Current Matters

Reasons You Should Consider Selling This Fall

Written by Key West Mortgage Syndicated User on September 14, 2021. Posted in For Sellers, Interest Rates, Key West Florida News, Key West News, Move-Up Buyers.

If you’re trying to decide when to sell your house, there may not be a better time to list than right now. The ultimate sellers’ market we’re in today won’t last forever. If you’re thinking of making a move, here are four reasons to put your house up for sale sooner rather than later. 1. Your House Will Likely Sell Quickly According to the Realtors Confidence Index released by the National Association of Realtors (NAR), homes continue to sell quickly – on average, they’re selling in just 17 days. As a seller, that’s great news for you. Average days on market is a strong indicator of buyer demand....

Category: Interest Rates

Expert Insights on the 2022 Housing Market

How Smart Buyers Are Approaching Rising Mortgage Rates

Don’t Believe Everything You Read: The Truth Many Headlines Overlook

Housing Challenge or Housing Opportunity? It Depends.

Two Reasons Why Waiting a Year To Buy Could Cost You

Fact or Fiction: Homebuyer Edition [INFOGRAPHIC]

Reasons You Should Consider Selling This Fall

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