Are Home Prices Continuing To Rise?

Written by Lower Keys Mortgage Syndicated User on March 3, 2022. Posted in First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Lower Keys Florida Mortgage, Lower Keys Mortgage, Move-Up Buyers, Pricing.

Many analysts projected home price appreciation would slow dramatically in the fall of 2021 and then continue to soften throughout 2022. So far, that hasn’t happened. The major price indices are all revealing ongoing double-digit price appreciation. Here’s a look at their reports on year-over-year price appreciation for December: Federal Housing Finance Agency (FHFA): 17.6% S&P Case-Shiller: 18.8% CoreLogic: 18.5% To show that they’re not seeing signs of softening, here’s a graph that gives the progression of all three indices for each month of 2021. As the graph above reveals, last...

Down Payment Assistance Programs Can Help You Achieve Homeownership

Written by Lower Keys Mortgage Syndicated User on March 2, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Lower Keys Florida Mortgage, Lower Keys Mortgage, Move-Up Buyers.

For many homebuyers, the thought of saving for a down payment can feel daunting, especially in today’s market. That’s why, when asked what they find most difficult in the homebuying process, some buyers say it’s one of the hardest steps on the path to homeownership. Data from the National Association of Realtors (NAR) shows: “For first-time home buyers, 29 percent said saving for a downpayment [sic] was the most difficult step in the process.” If you’re finding that your down payment is your biggest hurdle, the good news is there are many down payment assistance programs available that can...

An Expert Advisor Will Give You the Best Advice in Today’s Market

Written by Lower Keys Mortgage Syndicated User on March 1, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Lower Keys Florida Mortgage, Lower Keys Mortgage.

Having an experienced guide coaching you through the process of buying or selling a home is important in a normal market – but today’s market is far from normal. As a result, an expert real estate advisor isn’t just good to have by your side, they’re essential. Today’s housing market is full of extremes. Experts project mortgage rates will continue to rise this year, and that’s driving significant demand for homes as buyers want to make their purchases before rates climb even higher. At the same time, an absence of sellers is leading to record-low housing inventory. This imbalance in supply...

Millennials: Do You Need a Home with More Space?

Written by Lower Keys Mortgage Syndicated User on February 28, 2022. Posted in Demographics, Down Payments, For Buyers, For Sellers, Lower Keys Florida Mortgage, Lower Keys Mortgage, Millennials, Move-Up Buyers.

If you’re a millennial, homebuying might be top of mind for you. Your generation is the largest group of homebuyers in the market today and has been since 2014, according to the National Association of Realtors (NAR). And while other millennials are looking to buy for the first time, you may be one of the many who are now discovering you’ve outgrown your home. If that’s the case, you’re not alone. The past two years brought about significant changes for many people, and today, homeowners are reevaluating what they truly need in a home. As a recent report from the Wall Street Journal states: “They...

The Difference Between Renting and Owning [INFOGRAPHIC]

Written by Lower Keys Mortgage Syndicated User on February 25, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Lower Keys Florida Mortgage, Lower Keys Mortgage, Move-Up Buyers, Rent vs. Buy.

Some Highlights If you’re deciding whether to rent or buy, consider the many financial benefits that come with owning a home. As a renter, you build your landlord’s wealth and face rising costs. As a homeowner, you build your own net worth and can lock in your monthly payments for the length of your loan. If you’re weighing your options, remember that owning a home is a decision that has considerable financial perks. If you want to learn more, let’s connect to talk about the perks of homeownership. Content previously posted on Keeping Current Matters

The #1 Reason To Sell Your House Today

Written by Lower Keys Mortgage Syndicated User on February 24, 2022. Posted in For Sellers, Housing Market Updates, Lower Keys Florida Mortgage, Lower Keys Mortgage.

Almost every industry is currently struggling with supply chain disruptions. This also applies to the current U.S. housing market, where buyer demand far exceeds housing supply. Purchaser demand is very strong right now. The National Association of Realtors (NAR) just released their latest Existing Home Sales Report which reveals that sales surged in January. Existing home sales rose to a seasonally adjusted annual rate of 6.5 million – an increase of 6.7% from the prior month, with sales up in all regions. However, there’s one big challenge. Inventory Is at an All-Time Low Because purchaser...

How Supply and Demand Can Impact Your Buying and Selling Goals

Written by Lower Keys Mortgage Syndicated User on February 23, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Lower Keys Florida Mortgage, Lower Keys Mortgage.

In today’s housing market, there are far more buyers looking for homes than sellers listing their houses. Based on the concept of supply and demand, this means home prices will naturally rise. Why is that? When there are more people trying to buy an item than there are making that item available for sale, that drives prices up. And that’s exactly the case in today’s housing market. So, knowing what’s happening with the inventory of homes for sale and the demand for housing is crucial for today’s buyers and sellers. Nationally, Demand Is High and Supply Is Very Low The latest buyer and seller...

The Perks of Owning More Than One Home

Written by Lower Keys Mortgage Syndicated User on February 22, 2022. Posted in For Buyers, Lower Keys Florida Mortgage, Lower Keys Mortgage, Luxury Market, Move-Up Buyers.

Many things have changed over the past couple of years, and real estate is no exception. One impact is an increased desire to own more than one home. According to the recent Luxury Market Report from Luxury Home Marketing: “As trends such as remote working and flexi-hours took hold in 2021, so too did the flexibility of relocating as well as the growth of second homeownership.” This may be because the pandemic has altered how we think about our homes. Where we live has become, more than ever, our safe space and our getaway. And with the rise in remote work, more people are reconsidering where...

Florida Mortgage | Why Acting Strategically as a Seller Is Your Best Play

Written by Lower Keys Mortgage Syndicated User on February 22, 2022. Posted in Lower Keys Florida Mortgage, Lower Keys Mortgage.

Florida Mortgage | Why Acting Strategically as a Seller Is Your Best Play Are you thinking of selling your house? Let’s connect so you can perfect your strategy and make a winning play this year. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Real Estate Voted the Best Investment Eight Years in a Row

Written by Lower Keys Mortgage Syndicated User on February 21, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Lower Keys Florida Mortgage, Lower Keys Mortgage, Move-Up Buyers, Rent vs. Buy.

In an annual Gallup poll, Americans chose real estate as the best long-term investment. And it’s not the first time it’s topped the list, either. Real estate has been on a winning streak for the past eight years, consistently gaining traction as the best long-term investment (see graph below): If you’re thinking about purchasing a home this year, this poll should reassure you. Even when inflation is rising like it is today, Americans agree an investment like real estate truly shines. Why Is Real Estate a Great Investment During Times of High Inflation? With inflation reaching its highest level...

Category: Lower Keys Florida Mortgage