If You’re Thinking of Selling Your House This Fall, Hire a Pro

Written by Pompano Beach Mortgage Syndicated User on September 30, 2022. Posted in For Sellers, FSBOs, Pompano Beach Condo Financing, Pompano Beach Mortgage, Selling Myths.

Today’s market is at a turning point, making it more essential than ever to work with a real estate professional. Not only will a trusted real estate advisor keep you updated and help you make the best decisions based on current market trends, but they’re also experts in managing the many aspects of selling your house. Here are five key reasons why working with a real estate professional makes sense today. 1. A Professional Follows the Latest Market Trends With higher mortgage rates and moderating buyer demand, conditions are changing and staying on top of the latest market information is crucial...

How an Expert Can Help You Understand Inflation & Mortgage Rates

Written by Pompano Beach Mortgage Syndicated User on September 28, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pompano Beach Condo Financing, Pompano Beach Mortgage.

If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one. Inflation and the Housing Market This year, inflation reached a high not seen in forty years. For the average consumer, you probably felt the pinch at the gas pump and in the grocery store. It may have even impacted your ability to save money to buy a home. While the Federal Reserve is working hard to lower inflation, the August data shows the inflation rate was still higher than expected. This news impacted the stock market and fueled conversations...

The True Strength of Homeowners Today

Written by Pompano Beach Mortgage Syndicated User on September 27, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Pompano Beach Condo Financing, Pompano Beach Mortgage.

The real estate market is on just about everyone’s mind these days. That’s because the unsustainable market of the past two years is behind us, and the difference is being felt. The question now is, just how financially strong are homeowners throughout the country? Mortgage debt grew beyond 10 trillion dollars over the past year, and many called that a troubling sign when it happened for the first time in history. Recently Odeta Kushi, Deputy Chief Economist at First American, answered that question when she said: “U.S. households own $41 trillion in owner-occupied real estate, just over $12...

Fall Home Selling Checklist [INFOGRAPHIC]

Written by Pompano Beach Mortgage Syndicated User on September 24, 2022. Posted in For Sellers, Infographics, Move-Up Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

Some Highlights When it comes to selling your house, you want it to look its best inside and out so it catches the attention of buyers. A real estate professional can help you decide what to do to make that happen. Focus on tasks that can make it inviting, show it’s cared for, and boost your curb appeal. Let’s connect so you have advice on what you may want to do to get your house ready to sell this season. Content previously posted on Keeping Current Matters

What Experts Say Will Happen with Home Prices Next Year

Written by Pompano Beach Mortgage Syndicated User on September 23, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Pompano Beach Condo Financing, Pompano Beach Mortgage, Pricing.

Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long it would last. If you’re asking yourself: what’s ahead for the price of my home, know that experts are now answering this question, and its welcome news for homeowners who may have been led by the media to believe their home would lose value. Historically, home prices have appreciated at a rate near 4%. For 2023, the average of six major forecasters...

Top Reasons Homeowners Are Selling Their Houses Right Now

Written by Pompano Beach Mortgage Syndicated User on September 22, 2022. Posted in For Sellers, Interest Rates, Move-Up Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want to lose the historically low mortgage rate they have on their current home. You may even have the same hesitation if you’re thinking about selling your house. Data shows 51% of homeowners have a mortgage rate under 4% as of April this year. And while it’s true mortgage rates are higher than that right now, there are other non-financial factors to consider when it comes to making a move. In other words, your mortgage rate is important, but you may have other things going on in...

Watching the Stock Market? Check the Value of Your Home for Good News.

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

While watching the stock market recently may have started to feel pretty challenging, checking the value of your home should come as welcome relief in this volatile time. If you’re a homeowner, your net worth got a big boost over the past few years thanks to rising home prices. And that increase in your wealth came in the form of home equity. Here’s how it works. Equity is the current value of your home minus what you owe on the loan. Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over the past few...

Will My House Still Sell in Today’s Market?

Written by Pompano Beach Mortgage Syndicated User on September 20, 2022. Posted in For Sellers, Housing Market Updates, Pompano Beach Condo Financing, Pompano Beach Mortgage, Selling Myths.

If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years. Buyer Demand Then and Now During the pandemic, mortgage rates hit record lows, and that spurred a significant rise in buyer demand. This year, as rates increased due to factors like rising inflation, buyer demand pulled back or softened as a result. The latest data from ShowingTime confirms this trend (see graph below): The orange...

Is the Real Estate Market Slowing Down, or Is This a Housing Bubble?

Written by Pompano Beach Mortgage Syndicated User on September 15, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Pompano Beach Condo Financing, Pompano Beach Mortgage.

The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down an overheated real estate market. Over the past two years, home prices have appreciated at an unsustainable pace causing many to ask: are things just slowing down, or is a crash coming? To answer this question, there are two things we want to understand. The first is the reality of the shift in today’s housing market. And the second is what experts are saying about home prices in the coming year. The Reality of the Shift in Today’s Housing Market The reality is we’re seeing...

Getting Your House Ready To Sell? Work with an Agent for Expert Advice

Written by Pompano Beach Mortgage Syndicated User on September 14, 2022. Posted in For Sellers, Pompano Beach Condo Financing, Pompano Beach Mortgage, Selling Myths.

In a market that’s shifting as fast as it is today, many homeowners wonder what, if anything, needs to be renovated before they sell their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – do before selling your house. Here are some considerations a professional will guide you through. What You Need To Know About Your Local Market Since the supply of homes for sale has increased so much this year, today’s buyers have more options than they had last year. That may mean...

Category: For Sellers