What Every Seller Should Know About Home Prices

Written by Pompano Beach Mortgage Syndicated User on December 13, 2022. Posted in For Sellers, Housing Market Updates, Pompano Beach Condo Financing, Pompano Beach Mortgage, Selling Myths.

If you’re trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home’s value, here’s what you really need to know. What’s Really Happening with Home Prices? It’s possible you’ve seen news stories mentioning a drop in home values or home price depreciation, but it’s important to remember those headlines are designed to make a big impression in just a few words. But what headlines aren’t always great at is painting the full picture. While home prices are down slightly month-over-month...

Reasons To Sell Your House This Season [INFOGRAPHIC]

Written by Pompano Beach Mortgage Syndicated User on December 10, 2022. Posted in For Sellers, Housing Market Updates, Infographics, Pompano Beach Condo Financing, Pompano Beach Mortgage, Selling Myths.

Some Highlights If you’re planning to make a move but aren’t sure if now’s the right time, here are a few reasons why you shouldn’t wait to sell your house. The supply of homes for sale, while growing, is still low today. Plus, serious buyers are out looking right now, and many are hoping to avoid falling into the rental trap for another year. Let’s connect to determine if selling your house before the new year is the right move for you. Content previously posted on Keeping Current Matters

Key Advantages of Buying a Home Today

Written by Pompano Beach Mortgage Syndicated User on December 8, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who’ve thought about buying but have sidelined their search due to rising mortgage rates. Buying a home in any market is a personal decision, and the best way to make that decision is to educate yourself on the facts, not following sensationalized headlines in the news today. The reality is, headlines do more to terrify people thinking about buying...

What’s Going on with Home Prices? Ask a Professional.

Written by Pompano Beach Mortgage Syndicated User on December 7, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pompano Beach Condo Financing, Pompano Beach Mortgage, Pricing.

If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest sense, nationally, experts don’t expect prices to come crashing down, but the level of home price moderation will depend on factors like supply and demand in each local market. That means, moving forward, home price appreciation will continue to vary by location, with more significant changes happening in overheated areas. Here’s a quick snapshot of what the experts are saying: Danielle Hale, Chief Economist at realtor.com, says: “The...

What You Want To Know If You’re Pursuing Your Dream of Homeownership

Written by Pompano Beach Mortgage Syndicated User on December 2, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Gen Z, Housing Market Updates, Millennials, Move-Up Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead. And if homeownership ranks high on your goal sheet, you’re in good company. Many of your peers are also pursuing their dream of owning a home. The 2022 Millennial & Gen Z Borrower Sentiment Report from Maxwell says: “Many young adults have demonstrated their resolve to embark on the journey toward homeownership soon. More than half of millennials and Gen Zs plan to apply for a mortgage sometime within the next year.” Let’s take a look at why homeownership makes the top of so many...

3 Ways You Can Use Your Home Equity

Written by Pompano Beach Mortgage Syndicated User on November 30, 2022. Posted in For Sellers, Housing Market Updates, Move-Up Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has almost $300,000 in equity right now. As you weigh your options, especially in the face of inflation and talk of a recession, it’s important to understand your assets and how you can leverage them. A real estate professional is the best resource to help you understand...

Your House Could Be the #1 Item on a Homebuyer’s Wish List During the Holidays

Written by Pompano Beach Mortgage Syndicated User on November 29, 2022. Posted in For Sellers, Housing Market Updates, Millennials, Pompano Beach Condo Financing, Pompano Beach Mortgage.

Each year, homeowners planning to make a move are faced with a decision: sell their house during the holidays or wait. And others who have already listed their homes may think about removing their listings and waiting until the new year to go back on the market. The truth is many buyers want to purchase a home for the holidays, and your house might be just what they’re looking for. Here are five great reasons you shouldn’t wait to sell your house. 1. While the supply of homes for sale has increased this year, there still aren’t enough homes on the market to keep up with buyer demand. As Nadia...

What Buyers Need To Know About the Inventory of Homes Available for Sale

Written by Pompano Beach Mortgage Syndicated User on November 24, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market. If this sounds like you, here’s one key factor that could help you with your decision: there are more homes for sale today than there were at this time last year. According to Calculated Risk, for the week ending in November 18th, there were 47.7% more homes available for sale than there were at the same time in 2021. And having more options for your home search may be exactly what you need to feel...

What Homeowners Want To Know About Selling in Today’s Market

Written by Pompano Beach Mortgage Syndicated User on November 23, 2022. Posted in For Sellers, Housing Market Updates, Move-Up Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage, Selling Myths.

If you’re thinking about selling your house, you’re likely hearing about the cooling housing market and wondering what that means for you. While it’s not the peak intensity we saw during the pandemic, we’re still in a sellers’ market. That means you haven’t missed your window. Realtor.com explains: “. . . while prospective home sellers may lament that they missed their prime window, in reality, this is still a terrific time to sell. In fact, according to a recent Realtor.com® home seller survey, 95% of sellers who sold their home in the past year got more than they paid for it. Nonetheless,...

Mortgage Rates Will Come Down, It’s Just a Matter of Time

Written by Pompano Beach Mortgage Syndicated User on November 22, 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.

This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power for consumers. And, this month, the average rate for financing a home briefly rose over 7% before coming back down into the high 6% range. But we’re starting to see a hint of what mortgage interest rates could look like next year. Inflation Is the Enemy of Long-Term Interest...

Category: Housing Market Updates