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Tag: #mortgagekeywest

Why Today’s Mortgage Debt Isn’t a Sign of a Housing Market Crash

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

One major reason why we’re not heading toward a foreclosure crisis is the high level of equity homeowners have today. Unlike in the last housing bubble, where many homeowners owed more than their homes were worth, today’s homeowners have far more equity than debt.That’s a big part of the reason why even though mortgage debt is at an all-time high, this isn’t 2008 all over again. As Bill McBride, Housing Analyst for Calculated Risk, explains:“With the recent house price increases, some people are worried about a new housing bubble – but mortgage debt isn’t a concern . . .”Today’s homeowners...

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How To Get Your House Ready To Sell in 2025

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

Some HighlightsIf you’re planning to list your house in 2025, it’s already time to start working on any repairs. But where do you start?Your local agent will be able to help you prioritize projects that will help you get the best return on your investment and appeal to what today’s buyers really want.If your goal is to sell your house next year, connect with an agent so you know what to start working on now.  

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Don’t Miss Out on the Growing Number of Down Payment Assistance Programs

Written by Key West Mortgage Syndicated User on . Posted in Agent Value, Buying Tips, For Buyers, Key West Florida News, Key West News.

With rising home prices and volatile mortgage rates, it’s important you know about every resource that could help make buying a home possible. And one thing you’ll want to be aware of is just how much the number of down payment assistance (DPA) programs has grown lately. Take a look at the graph below to see how many new programs have been added in the last year, according to data from Down Payment Resource:More Programs, More Opportunities for YouSo, what does this increase mean for you? With more programs available, there’s a higher likelihood that one of them could help you reach your...

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What’s Behind Today’s Mortgage Rate Volatility?

Written by Key West Mortgage Syndicated User on . Posted in Agent Value, Economy, Key West Florida News, Key West News, Mortgage Rates.

If you’ve been keeping an eye on mortgage rates lately, you might feel like you’re on a roller coaster ride. One day rates are up; the next they dip down a bit. So, what’s driving this constant change? Let’s dive into just a few of the major reasons why we’re seeing so much volatility, and what it means for you.The Market’s Reaction to the ElectionA significant factor causing fluctuations in mortgage rates is the general reaction to the political landscape. Election seasons often bring uncertainty to financial markets, and this one is no different. Markets tend to respond not only to who...

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Is Wall Street Really Buying All the Homes?

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

Let’s be real – buying a home right now is tough. You’re scrolling through listings, rushing to open houses, and maybe even losing out to more competitive offers. Somewhere along the way, you might’ve heard the reason it’s so hard to find a home is because big Wall Street investors are swooping in and snatching up everything in sight.But here’s the thing: that’s mostly a myth. While investors are part of the market, according to Redfin, they’re a relatively small part:Here’s what that means. Five out of every six homes are being purchased by everyday homebuyers like you – not big...

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Don’t Let These Two Concerns Hold You Back from Selling Your House

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

If you’re debating whether or not you want to sell right now, it might be because you’ve got some unanswered questions, like if moving really makes sense in today’s market. Maybe you’re wondering if it’s even a good idea to move right now. Or you’re stressed because you think you won’t find a house you like.To put your mind at ease, here’s how to tackle these two concerns head-on.Is It Even a Good Idea To Move Right Now?If you own a home already, you may have been holding off because you don’t want to sell and take on a higher mortgage rate on your next house. But your move may be a...

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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.

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How Real Estate Agents Take the Fear Out of Moving

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

Feeling a bit unsure, or even afraid, to move with everything going on right now? The decision to move shouldn’t be scary, it should be exciting. And the best way to eliminate any fear is to work with a pro. Real estate agents are so much more than just transaction facilitators; they’re trusted guides to help you navigate the complexities of the housing market with confidence and ease. And a great agent can turn what may feel like a daunting process into a manageable—and even enjoyable—experience.That’s why, in a Bright MLS survey, respondents agreed partnering with an agent is essential...

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Avoid These Top Homebuyer Mistakes in Today’s Market

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

No one likes making mistakes, especially when they happen in what’s likely the biggest transaction of your life – buying a home.That’s why partnering with a trusted agent is so important. Here’s a sneak peek at the most common missteps buyers are making in today’s market and how a great agent will help you steer clear of each one.Trying To Time the MarketMany buyers are trying to time the market by waiting for home prices or mortgage rates to drop. This can be a really risky strategy because there’s so much at play that can have an impact on those things. As Elijah de la Campa, Senior...

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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...

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