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Tag: #mortgagekeywest

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

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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 sales...

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3 Tips for Buying a Home Today

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

If you put off your home search at any point over the past two years, you may want to consider picking it back up based on today’s housing market conditions. Recent data shows the supply of homes for sale is increasing, giving buyers like you additional options. But it’s important to keep in mind that while inventory is improving, it’s still a sellers’ market. And that means you need to be prepared as you set out on your home search. Here are three tips for buying the home of your dreams today. 1. Understand How Mortgage Rates Impact Your Homebuying Power Mortgage rates have increased significantly...

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What Sellers Need To Know in Today’s Housing Market

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

If you’re thinking about selling your house, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a move, the good news is you haven’t – motivated buyers are still out there. But you do need to price your house right for today’s market. Here’s why. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says: “Homes priced right are selling very quickly, but...

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What’s New in the Florida Keys & Key West for LGBTQ Visitors

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

The Florida Keys & Key West, internationally known for their longstanding heritage of diversity, are a leading LGBTQ vacation destination. The southernmost U.S. island chain continues to appeal to LGBTQ visitors with ever-evolving “only in the Keys” experiences and communities renowned for their welcoming and accepting attitude.

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