Your Home Equity Is Growing [INFOGRAPHIC]

Written by Lower Keys Mortgage Syndicated User on October 22, 2021. Posted in For Sellers, Housing Market Updates, Infographics, Lower Keys Florida Mortgage, Lower Keys Mortgage, Move-Up Buyers.

Some Highlights If you’re a homeowner, today’s rising equity is great news. On average, homeowners have gained $51,500 in equity since this time last year. Whether it’s funding an education, fueling your next move, or starting a business, your home equity is a great tool you can use to power your dreams. Ready to sell? Let’s connect to talk about how you can take advantage of your rising equity to reach your goals. Content previously posted on Keeping Current Matters

How Supply and Demand Can Tip the Pricing Scales in Todays Market

Written by Lower Keys Mortgage Syndicated User on October 22, 2021. Posted in Lower Keys Florida Mortgage, Lower Keys Mortgage.

How Supply and Demand Can Tip the Pricing Scales in Today’s Market | In today’s housing market, an imbalance between supply and demand is driving up home prices. Let’s connect to discuss how you can tip the scales in your favor as a homebuyer. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Important Distinction: Homes Are Less Affordable, Not Unaffordable

Written by Lower Keys Mortgage Syndicated User on October 21, 2021. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Lower Keys Florida Mortgage, Lower Keys Mortgage.

It’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most recent affordability statistics, we soon realize that, though homes are less affordable than they have been over the last few years, they are more affordable than they historically have been. Black Knight, a premier provider of data and analytics for the mortgage industry, just released their latest Monthly Mortgage Monitor which includes a new analysis of the affordability situation. Here’s what the report...

Looking To Move? It Could Be Time To Build Your Dream Home.

Written by Lower Keys Mortgage Syndicated User on October 20, 2021. Posted in For Buyers, For Sellers, Lower Keys Florida Mortgage, Lower Keys Mortgage, Move-Up Buyers, New Construction.

While today’s supply of homes for sale is still low, the number of newly built homes is increasing. If you’re ready to sell but have held off because you weren’t sure you’d be able to find a home to move into, newly built homes and those under construction can provide the options you’ve been waiting for. The latest Census data shows the inventory of new homes is increasing this year (see graph below):With more new homes coming to the market, this means you’ll have more options to choose from if you’re ready to buy. Of course, if you do consider a newly built home, you’ll want to keep timing...

What Does the Future Hold for Home Prices?

Written by Lower Keys Mortgage Syndicated User on October 19, 2021. Posted in Buying Myths, For Buyers, For Sellers, Housing Market Updates, Lower Keys Florida Mortgage, Lower Keys Mortgage, Pricing, Selling Myths.

If you’re looking to buy or sell a house, chances are you’ve heard talk about today’s rising home prices. And while this increase in home values is great news for sellers, you may be wondering what the future holds. Will prices continue to rise with time, or should you expect them to fall? To answer that question, let’s first understand a few terms you may be hearing right now. Appreciation is an increase in the value of an asset. Depreciation is a decrease in the value of an asset. Deceleration is when something happens at a slower pace. It’s important to note home prices have increased,...

Sellers: Your House Could Be an Oasis for Buyers Seeking More Options

Written by Lower Keys Mortgage Syndicated User on October 18, 2021. Posted in For Sellers, Housing Market Updates, Lower Keys Florida Mortgage, Lower Keys Mortgage.

Sellers have a great opportunity this season as buyer demand still heavily outweighs the current supply of homes for sale. According to the National Association of Realtors (NAR), today’s housing inventory sits at only a 2.6-month supply. To put that into perspective, a neutral market typically features a 6-month supply. That places today’s market firmly in the sellers’ market category. That same NAR data also shows today’s inventory of single-family homes is trailing behind the level we saw last year (see graph below):Because of the ongoing supply challenges, buyers can feel like they’re wandering...

Homebuyer Tips for Finding the One [INFOGRAPHIC]

Written by Lower Keys Mortgage Syndicated User on October 15, 2021. Posted in First Time Home Buyers, For Buyers, Infographics, Lower Keys Florida Mortgage, Lower Keys Mortgage, Move-Up Buyers.

Some Highlights The best advice carries across multiple areas of life. When it comes to homebuying, a few simple tips can help you stay on track. Because of increased demand, you’ll need to be patient and embrace compromises during your search. Then, once you’ve fallen in love, commit by putting your best offer forward. If you’re looking to buy a home this year, let’s connect so you have a dedicated partner and teammate to help you find the one. Content previously posted on Keeping Current Matters

What Do Past Years Tell Us About Today’s Real Estate Market?

Written by Lower Keys Mortgage Syndicated User on October 14, 2021. Posted in For Sellers, Housing Market Updates, Lower Keys Florida Mortgage, Lower Keys Mortgage, Selling Myths.

As you follow the news, you’re likely seeing headlines discussing what’s going on in today’s housing market. Chances are high that some of the more recent storylines you’ve come across mention terms like cooling or slowing when talking about where the market is headed. But what do these terms mean? The housing market today is anything but normal, and it’s still an incredibly strong sellers’ market, especially when compared to the few years leading up to the pandemic. With that in mind, what can previous years tell us about today’s real estate market and if it’s truly slowing? We’re Still Seeing...

Fall in Love with Homeownership

Written by Lower Keys Mortgage Syndicated User on October 14, 2021. Posted in Lower Keys Florida Mortgage, Lower Keys Mortgage.

Fall in Love with Homeownership | There are many reasons to fall in love with homeownership right now. Let’s connect to find the home of your dreams. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

The Big Question: Should You Renovate or Move?

Written by Lower Keys Mortgage Syndicated User on October 13, 2021. Posted in For Buyers, For Sellers, Interest Rates, Lower Keys Florida Mortgage, Lower Keys Mortgage, Move-Up Buyers, Pricing.

The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following: 70% of respondents want more outdoor living space 69% of respondents want a home office (48% wanted multiple offices) 46% of respondents want a multi-function room/flexible space 42% of respondents want an au pair/in-law suite 39% of respondents want an exercise room/yoga space If you’re a homeowner who wants to add any of the above, you have two options: renovate your current...

Category: Lower Keys Mortgage