Florida Mortgage | August 2022 housing market trends
Florida Mortgage | August 2022 housing market trends | NMLS ID 1834853 #floridamarketudpate #floridahousing #floridarealestate
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Florida Mortgage | Prices still rising annually in St. Johns County, FL
Written by Key West Mortgage Syndicated User on . Posted in Florida Keys Mortgage, Mortgage Florida Keys.
Florida Mortgage | Prices still rising annually in St. Johns County, FL | NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany
Florida Mortgage | This mortgage choice can help you afford a home
Written by Key West Mortgage Syndicated User on . Posted in Florida Keys Mortgage, Mortgage Florida Keys.
This mortgage choice can help you afford a home | NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany
New Homes May Have the Incentives You’re Looking for Today
Written by Key West Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Key West Florida News, Key West News, Move-Up Buyers, New Construction.
According to the U.S. Census Bureau, this year, builders are on pace to complete more than a million new homes in this country. If you’ve had trouble finding a home to buy over the past year, it may be time to work with your trusted agent to consider a new build and the incentives that come with it. Here’s why.
The Supply of Newly Built Homes Is Rising
When looking for a home, you can choose between existing homes (those that are already built and previously owned) and newly constructed ones. While the inventory of existing homes is on the rise today, it’s still in tight supply, meaning it...
A Trusted Real Estate Advisor Provides Expert Advice
Written by Key West Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Key West Florida News, Key West News.
If you’re a homeowner or are planning to become one soon, you’re probably looking for clear information about today’s housing market. And if you’ve turned to the news or even just read headlines recently, you might feel like you’re left with more questions than answers. The best way to make sure you get what you need is to work with an expert.
Why You Want To Lean on a Trusted Professional
With any big milestone in life, it’s wise to seek advice from people who are experts in their field. While you likely want that advice to be perfect, perfect simply isn’t possible. But professionals...
What’s Actually Happening with Home Prices Today?
Written by Key West Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Housing Market Updates, Key West Florida News, Key West News, Pricing.
One of the biggest questions people are asking right now is: what’s happening with home prices? There are headlines about ongoing price appreciation, but at the same time, some sellers are reducing the price of their homes. That can feel confusing and makes it more difficult to get a clear picture.
Part of the challenge is that it can be hard to understand what experts are saying when the words they use sound similar. Let’s break down the differences among those terms to help clarify what’s actually happening today.
Appreciation is when home prices increase.
Depreciation is when home...
Buyers: You May Face Less Competition as Bidding Wars Ease
Written by Key West Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Key West Florida News, Key West News, Move-Up Buyers.
One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it drove home prices up. If you tried to buy a house over the past two years, you probably experienced this firsthand and may have been outbid on several homes along the way.
But here’s the news you’ve been waiting for: data shows clear signs bidding wars are easing this year.
According to the National Association of Realtors...
Why You May Want To Start Your Home Search Today
Written by Key West Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Key West Florida News, Key West News, Move-Up Buyers.
If you’re thinking about buying a home, you likely have a lot of factors on your mind. You’re weighing your own needs against higher mortgage rates, today’s home prices, and more to try to decide if you want to jump into the market. While some buyers may wait things out, there’s a reason serious buyers are making moves right now, and that’s the growing number of homes for sale.
So far this year, housing inventory has been increasing and that’s making the prospect of finding your dream home less difficult. While there are always reasons you could delay making a big decision, there are also...
What Would a Recession Mean for the Housing Market? [INFOGRAPHIC]
Written by Key West Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Key West Florida News, Key West News.
Some Highlights
If you’re wondering what a potential recession could mean for the housing market, here’s what history tells us.
In four of the last six recessions, home prices actually appreciated, only falling during the early 90s and the housing crash in 2008. Mortgage rates, though, declined during each of the previous recessions.
If you have questions about buying or selling a home in today’s market, let’s connect.
Content previously posted on Keeping Current Matters
Why Today’s Housing Inventory Proves the Market Isn’t Headed for a Crash
Written by Key West Mortgage Syndicated User on . Posted in Buying Myths, For Buyers, For Sellers, Housing Market Updates, Key West Florida News, Key West News, Selling Myths.
Whether or not you owned a home in 2008, you likely remember the housing crash that took place back then. And news about an economic slowdown happening today may bring all those concerns back to the surface. While those feelings are understandable, data can help reassure you the situation today is nothing like it was in 2008.
One of the key reasons why the market won’t crash this time is the current undersupply of inventory. Housing supply comes from three key places:
Current homeowners putting their homes up for sale
Newly built homes coming onto the market
Distressed properties (short...