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Tag: #keywestmortgage

Retiring Soon? Why Moving Might Be the Perfect Next Step

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

If you’re thinking about retirement or have already retired this year, it’s a good time to consider if your current house is still a good fit for the next chapter in your life.Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about as you decide whether or not to sell and make a move.How Long You’ve Been in Your HomeFrom 1985 to 2008, the average length of time homeowners typically stayed in their homes was only six years. But according to the National Association of Realtors (NAR), that number is rising today, meaning many...

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These Non-Financial Benefits Turn a House into a Happy Home

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

There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of homeownership are important, the non-financial and emotional reasons are too. Here’s why.The word home truly means something different to everyone. Whether it’s sharing memories with loved ones around the kitchen table or settling in to read a book in your favorite chair, the emotional connections we have to our homes can be just as important as the financial ones. Here are some of the things that turn a house...

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Get Your House Ready To Sell This Winter [INFOGRAPHIC]

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

Some HighlightsAs you get ready to sell your house, there are a few things you should add to your to-do list to make it inviting and boost curb appeal.To name just a couple, it’s a good idea to declutter, take down personal photos and items, touch up any scuffs on the walls, and tidy up your landscaping.Let’s connect so you have advice on what else you may want to do to get your house ready to sell this season.

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Sell Smarter: Why Working with a Real Estate Agent May Beat Going Solo

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

If you’re thinking about selling your house on your own, called “For Sale by Owner” or FSBO, there are some important things to consider. Going this route means taking on a lot of responsibilities by yourself – and that can be a bit of a headache.A recent report from the National Association of Realtors (NAR) found two of the most difficult tasks for people who sell their house on their own are getting the price right and understanding and performing paperwork.Here are just a few of the ways an agent helps with those difficult tasks.Getting the Price RightSetting the right price for...

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Why Mortgage Rates Could Continue To Decline

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

When you read about the housing market, you’ll probably come across some information about inflation or recent decisions made by the Federal Reserve (the Fed). But how do those two things impact you and your homebuying plans? Here’s what you need to know.The Federal Funds Rate Hikes Have StalledOne of the Fed’s primary goals is to lower inflation. In order to do that, they started raising the Federal Funds Rate to slow down the economy. Even though this doesn’t directly dictate what happens with mortgage rates, it does have an impact.Recently inflation has started to cool, a signal...

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Expert Quotes on the 2024 Housing Market Forecast

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

If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market in 2024. In 2023, higher mortgage rates, confusion over home price headlines, and a lack of homes for sale created some challenges for buyers and sellers looking to make a move. But what’s on the horizon for the new year?The good news is, many experts are optimistic we’ve turned a corner and are headed in a positive direction.Mortgage Rates Expected To EaseRecently, mortgage rates have started to come back down. This has offered hope to buyers dealing with...

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Why Now Is Still a Great Time To Sell Your House

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

If you were worried buyer demand disappeared when mortgage rates went up, the data shows there are plenty of interested buyers still out there. The housing market isn’t as frenzied as it was during the ‘unicorn’ years when buyer demand was through the roof, mortgage rates were historically low, and home values rose like we’ve never seen before. But that doesn’t mean the market is at a standstill.Nationally, demand is still high compared to the last normal years in the housing market and plenty of buyers are making moves right now. Here’s the data to prove it.Showing Traffic Is UpThe...

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3 Reasons To Sell Your House Before the New Year [INFOGRAPHIC]

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

Some HighlightsHere are a few reasons you may not want to hold off until the new year to sell your house. Buyers looking right now are highly motivated, the supply of homes for sale is still low, and you may find buyers are more flexible with showings this time of year.Reach out to a real estate agent to determine if selling your house now is the right move for you.

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Is Owning a Home Still the American Dream for Younger Buyers?

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

Everyone has their own idea of the American Dream, and it’s different for each person. But, in a recent survey by Bankrate, people were asked about the achievements they believe represent the American Dream the most. The answers show that owning a home still claims the #1 spot for many Americans today (see graph below): In fact, according to the graph, owning a home is more important to people than retiring, having a successful career, or even getting a college degree. But is the dream of homeownership still alive for younger generations?A recent survey by 1000watt dives into how the...

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Why the Economy Won’t Tank the Housing Market

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

If you’re worried about a coming recession, you’re not alone. Over the past couple of years, there’s been a lot of recession talk. And many people worry, if we do have one, it would cause the unemployment rate to skyrocket. Some even fear that a spike in unemployment would lead to a rash of foreclosures similar to what happened 15 years ago.However, the latest Economic Forecasting Survey from the Wall Street Journal (WSJ) reveals that, for the first time in over a year, less than half (48%) of economists believe a recession will actually occur within the next year:“Economists are turning...

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