Experts Forecast a Turnaround in the Housing Market in 2023

Written by Pompano Beach Mortgage Syndicated User on February 3, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Pompano Beach Condo Financing, Pompano Beach Mortgage.

The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year.

Should You Rent Your House or Sell It?

Written by Pompano Beach Mortgage Syndicated User on February 2, 2023. Posted in For Sellers, Pompano Beach Condo Financing, Pompano Beach Mortgage, Selling Myths.

If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. According to a Harris Poll survey, 28% of homeowners have considered using a rental service to temporarily rent out their home for additional income.

Lower Mortgage Rates Are Bringing Buyers Back to the Market

Written by Pompano Beach Mortgage Syndicated User on February 1, 2023. Posted in For Sellers, Housing Market Updates, Move-Up Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.

Where Will You Go If You Sell? You Have Options.

Written by Pompano Beach Mortgage Syndicated User on January 31, 2023. Posted in For Sellers, Housing Market Updates, Move-Up Buyers, New Construction, Pompano Beach Condo Financing, Pompano Beach Mortgage.

There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next.

Why You Shouldn’t Fear Today’s Foreclosure Headlines

Written by Pompano Beach Mortgage Syndicated User on January 26, 2023. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Pompano Beach Condo Financing, Pompano Beach Mortgage.

If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s happening today. Here’s a deeper look.According to the Year-End 2022 U.S. Foreclosure Market Report from ATTOM, foreclosure filings...

Want To Sell Your House? Price It Right.

Written by Pompano Beach Mortgage Syndicated User on January 24, 2023. Posted in For Sellers, Pompano Beach Condo Financing, Pompano Beach Mortgage, Pricing, Selling Myths.

Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to adjust your expectations accordingly. As realtor.com explains:

What’s Really Happening with Home Prices? [INFOGRAPHIC]

Written by Pompano Beach Mortgage Syndicated User on January 21, 2023. Posted in For Sellers, Housing Market Updates, Infographics, Pompano Beach Condo Financing, Pompano Beach Mortgage, Pricing.

Have Home Values Hit Bottom?

Written by Pompano Beach Mortgage Syndicated User on January 19, 2023. Posted in For Buyers, For Sellers, Pompano Beach Condo Financing, Pompano Beach Mortgage, Pricing.

Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008.

What Past Recessions Tell Us About the Housing Market

Written by Pompano Beach Mortgage Syndicated User on January 17, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Pompano Beach Condo Financing, Pompano Beach Mortgage.

It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says:

Is It Time To Sell Your Second Home?

Written by Pompano Beach Mortgage Syndicated User on January 13, 2023. Posted in For Sellers, Housing Market Updates, Luxury Market, Pompano Beach Condo Financing, Pompano Beach Mortgage.

During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent article, Investopedia shares additional factors that push a home into this category: location, such as a home on the water or in a desirable city, and features, the things that make the home itself feel luxurious.

Category: For Sellers