Millions of Americans Have Discovered the Benefits of Multigenerational Households

Written by Pompano Beach Mortgage Syndicated User on February 4, 2022. Posted in Demographics, For Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

If your needs are changing, you may be thinking about sharing a home with additional loved ones, such as grandparents, adult children, or other extended family members. Whether it’s for financial or health-related circumstances, or simply because you’ve reached a new phase of life, you might be wondering if living with multiple generations under the same roof is a good move for you. Many people have found themselves in a similar situation and they’ve already made the choice to live in a multigenerational home. What Is a Multigenerational Home? The Pew Research Center defines a multigenerational...

The Top Indicator if You Want To Know Where Mortgage Rates Are Heading

Written by Pompano Beach Mortgage Syndicated User on February 3, 2022. Posted in First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

Mortgage rates have increased significantly since the beginning of the year. Each Thursday, Freddie Mac releases its Primary Mortgage Market Survey. According to the latest survey, the average 30-year fixed-rate mortgage has risen from 3.22% at the start of the year to 3.55% as of last week. This is important to note because any increase in mortgage rates changes what a purchaser can afford. To give you an idea of how rising mortgage rates impact your purchasing power, see the table below: How Can You Know Where Mortgage Rates Are Headed? While it’s always difficult to know exactly where mortgage...

Why a Move Could Bring You More Happiness This Year

Written by Pompano Beach Mortgage Syndicated User on February 2, 2022. Posted in For Buyers, For Sellers, Move-Up Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

Over the past two years, we’ve lived through one of the most stressful periods in recent history. Because of the health crisis, many of us have spent more time at home and that’s led us to re-evaluate both what we need in a house and how much we appreciate having a safe space. If you’ve found your current home isn’t filling all your needs, you may be wondering if it’s time to find a new one. There’s reason to believe a change of scenery could boost your happiness. Catherine Hartley, an Assistant Professor at New York University’s Department of Psychology and co-author of a study on how new...

Owning Is More Affordable than Renting in the Majority of the Country

Written by Pompano Beach Mortgage Syndicated User on February 1, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Pompano Beach Condo Financing, Pompano Beach Mortgage, Pricing, Rent vs. Buy.

If you were thinking about buying a home this year, but already pressed pause on your plans due to rising home prices and increasing mortgage rates, there’s something you should consider. According to the latest report from ATTOM Data, owning a home is more affordable than renting in the majority of the country. The 2022 Rental Affordability Report says: “. . . Owning a median-priced home is more affordable than the average rent on a three-bedroom property in 666, or 58 percent, of the 1,154 U.S. counties analyzed for the report. That means major home ownership expenses consume a smaller portion...

Why Your Home Inspection Matters [INFOGRAPHIC]

Written by Pompano Beach Mortgage Syndicated User on January 29, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

Some Highlights Buying a home and wondering if your inspection is necessary? While some buyers may decide to waive their inspection, it’s risky decision. Your home inspection is a crucial step in the homebuying process. It assesses the condition of the home you plan to purchase, so you can avoid costly surprises down the road. Let’s connect so you have expert advice and a trusted professional who will keep your interests top of mind. Content previously posted on Keeping Current Matters

The Next Generation of Homebuyers Is Here

Written by Pompano Beach Mortgage Syndicated User on January 26, 2022. Posted in Demographics, First Time Home Buyers, For Buyers, Gen Z, Pompano Beach Condo Financing, Pompano Beach Mortgage.

Many members of Generation Z (Gen Z) are aging into adulthood and deciding whether to rent or buy a home. If you find yourself in this group, it’s important to understand you’re never too young to start thinking about homeownership. The sooner you start planning, the sooner you can move on from renting. As you set off on your journey and plan your next move, here are a few reasons to think about homebuying this year. The Reasons Gen Z Want To Become Homeowners While the majority of Gen Z haven’t entered the housing market yet, a large portion plan to according to a realtor.com report. The report...

Why Pre-Approval Is Key for Homebuyers in 2022

Written by Pompano Beach Mortgage Syndicated User on January 25, 2022. Posted in First Time Home Buyers, For Buyers, Move-Up Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

You may have heard that it’s important to get pre-approved for a mortgage at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a pre-approval letter prior to making an offer. Here’s why. Being intentional and competitive are musts when buying a home this year. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Just as important, being able to present a pre-approval letter...

Americans Choose Real Estate as the Best Investment [INFOGRAPHIC]

Written by Pompano Beach Mortgage Syndicated User on January 22, 2022. Posted in For Buyers, Housing Market Updates, Infographics, Pompano Beach Condo Financing, Pompano Beach Mortgage.

Some Highlights According to a Gallup poll, real estate has been rated the best long-term investment for eight years in a row. Real estate tops the list because you’re not just buying a place to call home – you’re investing in your future. Real estate is typically considered a stable and secure asset that can grow in value over time. Let’s connect today if you’re ready to make real estate your best investment this year. Content previously posted on Keeping Current Matters

Buyers Want To Know: Why Is Housing Supply Still So Low?

Written by Pompano Beach Mortgage Syndicated User on January 21, 2022. Posted in Buying Myths, For Buyers, Housing Market Updates, Pompano Beach Condo Financing, Pompano Beach Mortgage.

One key question that’s top of mind for homebuyers this year is: why is it so hard to find a house to buy? The truth is, we’re in the ultimate sellers’ market, so real estate is ultra-competitive for buyers right now. The number of buyers searching for a home greatly outweighs how many homes are available for sale. While low inventory in the housing market isn’t new, it’s a challenge that continues to grow over time. Here’s a look at two reasons why today’s housing supply is low and what that means for you. 1. New Home Construction Fell Behind for Several Years The graph below shows new home...

With Mortgage Rates Climbing, Now’s the Time To Act

Written by Pompano Beach Mortgage Syndicated User on January 20, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

Last week, the average 30-year fixed mortgage rate from Freddie Mac jumped from 3.22% to 3.45%. That’s the highest point it’s been in almost two years. If you’re thinking about buying a home, this news may have come as a bit of a shock. But the truth is, it wasn’t entirely unexpected. Experts have been calling for rates to rise in their 2022 projections, and the forecast is now becoming a reality. Here’s a look at the projections from Freddie Mac for this year: Q1 2022: 3.4% Q2 2022: 3.5% Q3 2022: 3.6% Q4 2022: 3.7% As the numbers show, this jump in rates is in line with the expectations...

Category: For Buyers