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Category: Key West News

Monroe County is the southernmost county in Florida. It stretches more than 100 miles from Key Largo to Key West and is surrounded by the Atlantic Ocean to the east and the Gulf of Mexico to the west. Its key population centers include Key Largo, Islamorada, Tavernier, Marathon, Big Pine Key and Key West.

The Florida Keys are renowned for being among the most pre-eminent fishing and diving destinations in the world. Recreation options include fishing, diving, kayaking, camping, bicycling and assorted other water and outdoor sports.

‘Zombies’ on Wheels to Prowl Key West Oct. 22

Written by Key West Mortgage Syndicated User on . Posted in Key West Florida News, Key West News.

On the offbeat island of Key West, even the zombies defy stereotypes. Instead of eerily prowling wastelands in tattered garments, as often portrayed in films and TV, Key West’s zombies are to hop on their bikes and cheerfully pedal beside the Atlantic Ocean Sunday, Oct. 22, during the island’s annual Zombie Bike Ride.

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Revelry to Rule at Key West’s Fantasy Fest Masquerade March

Written by Key West Mortgage Syndicated User on . Posted in Key West Florida News, Key West News.

Thousands of revelers are to display their costuming creativity in Key West’s historic Old Town Friday, Oct. 27, during the Captain Morgan Masquerade March. Rich in color and camaraderie, the pedestrian procession is a highlight of the island’s lavish Fantasy Fest masking and costuming festival set for Oct. 20-29.

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Expanded Airline Capacity, Renewed Resorts and Attractions Among What’s New in the Florida Keys & Key West for Fall 2023

Written by Key West Mortgage Syndicated User on . Posted in Key West Florida News, Key West News.

As temperatures begin to cool, fall in the Florida Keys & Key West is ideally suited for outdoor festivities and immersive activities, on and in the water and on land. Expanded airline seat capacity, new and newly renovated hotels and resort programs, and enhanced attractions are unveiled.   The Florida Keys continue marking their bicentennial milestone throughout 2023, with museum exhibits and festivities commemorating the 125-mile-long island chain’s vibrant two-century heritage.

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Homeowners Have a Lot of Equity Right Now [INFOGRAPHIC]

Written by Key West Mortgage Syndicated User on . Posted in For Sellers, Housing Market Updates, Infographics, Key West Florida News, Key West News.

Some HighlightsYour equity grows as you pay down your home loan and as home prices increase. With home prices rising again, your equity is getting an extra boost.Almost half of homeowners are equity rich because they have at least 50% equity in their homes. If you’ve been in your home for a while, you might have gained a considerable amount of equity, too.Want to find out how much equity you have? Connect with a trusted real estate agent for a Professional Equity Assessment Report (PEAR).

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How Inflation Affects the Housing Market

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

Have you ever wondered how inflation impacts the housing market? Believe it or not, they’re connected. Whenever there are changes to one, both are affected. Here’s a high-level overview of the connection between the two.The Relationship Between Housing Inflation and Overall InflationShelter inflation is the measure of price growth specific to housing. It comes from a survey of renters and homeowners that’s done by the Bureau of Labor Statistics (BLS). The survey asks renters how much they’re paying in rent, and homeowners how much they’d rent their homes for, if they weren’t living in...

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Buyer Traffic Is Still Stronger than the Norm

Written by Key West Mortgage Syndicated User on . Posted in Demographics, For Sellers, Housing Market Updates, Key West Florida News, Key West News, Selling Myths.

Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove it.The ShowingTime Showing Index is a measure of buyers touring homes. The graph below uses the latest numbers available and compares them to the same month in the last normal years to show just how active today’s buyers still are:As you can see, when June 2023 numbers are stacked alongside what’s typical for the housing market at this time...

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Why You May Still Want To Sell Your House After All

Written by Key West Mortgage Syndicated User on . Posted in Demographics, For Sellers, Key West Florida News, Key West News, Selling Myths.

Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider. While the financial side of things does matter, your personal needs may actually matter just as much. As an article from Bankrate says:“Deciding whether it’s the right time to sell your home is a very personal decision. There are numerous important questions to consider, both financial and lifestyle-based, before putting your home on the market.”So, ask yourself this: why did I want to move in the first place?Chances are...

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Gen Z: The Next Generation Is Making Moves in the Housing Market

Written by Key West Mortgage Syndicated User on . Posted in Buying Myths, Demographics, First Time Home Buyers, For Buyers, Key West Florida News, Key West News.

Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence. As a result, they’re turning to homeownership. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), 30% of Gen Z buyers transitioned straight from living under their parents’ roofs to owning their own homes.If you’re a member of this generation, and you’re interested in pursuing your own dream of homeownership, here’s some information you may find helpful on why and where your peers are buying.The Reasons Gen Z Want To...

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More Jobs and Better Pay Leads to More Buyer Demand

Written by Key West Mortgage Syndicated User on . Posted in For Sellers, Housing Market Updates, Key West Florida News, Key West News, Selling Myths.

There’s been talk about a recession for quite a while now. But the economy has been remarkably resilient. Why? One reason is employment and wages have stayed strong. Let’s look at the latest information on each one and why both are good news if you’re thinking about selling your house.More Jobs Are Being CreatedInstead of facing the job losses typical of any recession, the economy has been growing and adding jobs. According to the Bureau of Labor Statistics (BLS), 187,000 jobs were created in July, which is up from the 185,000 created in June. That means more people are finding work. In...

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