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Are the Top 3 Housing Market Questions on Your Mind?

Written by Spring HIll FL Mortgage Syndicated User on November 29, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Selling Myths, Spring Hill FL Condo Mortgages, Spring Hill FL Mortgage, Spring Hill FL Mortgage Rates.

When it comes to what’s happening in the housing market, there’s a lot of confusion going around right now. You may hear one thing in conversation with your friends, see something totally different on the news, and read something on social media that contradicts both of those thoughts. And, if you’re thinking about making a move, that can leave you with a lot of lingering questions. That’s where a trusted local real estate agent comes in.Here are the top 3 questions people are asking about today’s housing market, and the data to help answer them.1. What’s Next for Mortgage Rates?Mortgage rates...

Is Wall Street Buying Up All the Homes in America?

Written by Spring HIll FL Mortgage Syndicated User on November 28, 2023. Posted in Buying Myths, For Buyers, Housing Market Updates, Move-Up Buyers, Spring Hill FL Condo Mortgages, Spring Hill FL Mortgage, Spring Hill FL Mortgage Rates.

If you’re thinking about buying a home, you may find yourself interested in the latest real estate headlines so you can have a pulse on all of the things that could impact your decision. If that’s the case, you’ve probably heard mention of investors, and wondered how they’re impacting the housing market right now. That could leave you asking yourself questions like:How many homes do investors own?Are institutional investors, like large Wall Street Firms, really buying up so many homes that the average person can’t find one?To answer those questions, here’s the real story of what’s happening...

Why Homeowners Feel Thankful for Their Homes [INFOGRAPHIC]

Written by Spring HIll FL Mortgage Syndicated User on November 25, 2023. Posted in First Time Home Buyers, For Buyers, Infographics, Spring Hill FL Condo Mortgages, Spring Hill FL Mortgage, Spring Hill FL Mortgage Rates.

Some HighlightsHere are three reasons why homeowners feel thankful for their homes. First, it’s a safe place that can give you a greater sense of comfort, safety, and security.Second, it gives you freedom of expression. From the color of the paint to the art on the walls, you can express your style and your personality.Third, it provides a sense of community. Owning your home helps you build lasting friendships with neighbors and connects you to your community. If you’re thinking of buying a home and want to hear more about the potential benefits, talk with a local real estate agent.

Why Homeowners Are Thankful They Own

Written by Spring HIll FL Mortgage Syndicated User on November 24, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Rent vs. Buy, Spring Hill FL Condo Mortgages, Spring Hill FL Mortgage, Spring Hill FL Mortgage Rates.

Countless people have set out on the exciting journey of homeownership. Ask around and you’ll find the vast majority are thankful they took the leap and bought a home. But why? It’s because of the many emotional and lifestyle benefits that come with being a homeowner.So, if you’re trying to decide if you want to rent or buy a home, here are just a few of the many benefits you could look forward to if you buy.It’s a Safe HavenOwning a home goes beyond just having a roof over your head. It provides a sense of security and safety. In fact, in a survey from Fannie Mae, respondents say “having a...

Home Prices Still Growing – Just at a More Normal Pace

Written by Spring HIll FL Mortgage Syndicated User on November 23, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Pricing, Spring Hill FL Condo Mortgages, Spring Hill FL Mortgage, Spring Hill FL Mortgage Rates.

If you’re feeling a bit muddy on what’s happening with home prices, that’s no surprise. Some people are still saying prices are falling, even though data proves otherwise. Part of that misconception is because people are getting their information from unreliable sources. But it’s also coming from some media coverage misrepresenting what the data really shows.So, to keep things simple, here’s what you really need to know using real data you can trust.Normal Home Price Seasonality Explained In the housing market, there are predictable ebbs and flows that happen each year. It’s called seasonality....

Are There Actually More Homes for Sale Right Now?

Written by Spring HIll FL Mortgage Syndicated User on November 22, 2023. Posted in Buying Myths, For Buyers, For Sellers, Housing Market Updates, Selling Myths, Spring Hill FL Condo Mortgages, Spring Hill FL Mortgage, Spring Hill FL Mortgage Rates.

If you’re looking to make a move, you want to be sure you have the latest information on the housing market. To help make that possible, here’s an update on the supply of homes for sale today. Whether you’re looking to buy or sell, the number of homes available in your local market matters to you. Take a look below. What’s the Truth About Today’s Housing Inventory?While the story for the past few years has been how few homes are on the market, recent national data may leave you feeling a bit confused. That’s because Realtor.com shows inventory is actually growing a bit month-over-month in many...

2024 Housing Market Forecast [INFOGRAPHIC]

Written by Spring HIll FL Mortgage Syndicated User on November 18, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Pricing, Spring Hill FL Condo Mortgages, Spring Hill FL Mortgage, Spring Hill FL Mortgage Rates.

Some HighlightsThinking of buying or selling a house and wondering what the new year holds for the housing market? Experts forecast home prices to end this year up 2.8% and to rise another 1.5% in 2024. And climbing prices help make homeownership a good investment.Plus, home sales are projected to increase in 2024. That’s good news because it means experts are forecasting more activity as people continue to move.If you’re planning to buy or sell, it’s helpful to know what experts project for the housing market. Connect with a local real estate agent to talk about the latest forecasts and...

People Are Still Moving, Even with Today’s Affordability Challenges

Written by Spring HIll FL Mortgage Syndicated User on November 17, 2023. Posted in Buying Myths, For Buyers, For Sellers, Housing Market Updates, Selling Myths, Spring Hill FL Condo Mortgages, Spring Hill FL Mortgage, Spring Hill FL Mortgage Rates.

If you’re thinking about buying or selling a home, you might have heard that it’s tough right now because mortgage rates are higher than they’ve been over the past few years, and home prices are rising. That much is true. Take a look at the graph below. It breaks down how the current affordability situation stacks up to recent years. The National Association of Realtors (NAR) explains how to read the values on the graph:“To interpret the indices, a value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median-priced home.”The black...

The Latest 2024 Housing Market Forecast

Written by Spring HIll FL Mortgage Syndicated User on November 16, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Pricing, Spring Hill FL Condo Mortgages, Spring Hill FL Mortgage, Spring Hill FL Mortgage Rates.

The new year is right around the corner, and you might be wondering if 2024 will be the right time to buy or sell a home. If you want to make the most informed decision possible, it’s important to know what the experts have to say about what’s ahead for the housing market. Spoiler alert: the projections may be better than you think. Here’s why.Experts Forecast Ongoing Home Price AppreciationTake a look at the latest home price forecasts from Fannie Mae, the Mortgage Bankers Association (MBA), and the National Association of Realtors (NAR): As you can see in the orange bars on the left,...

These Top Cities Show Home Prices Are Still Climbing

Written by Spring HIll FL Mortgage Syndicated User on November 15, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Pricing, Spring Hill FL Condo Mortgages, Spring Hill FL Mortgage, Spring Hill FL Mortgage Rates.

If you’re considering buying a home or selling your current one to find something that better suits your needs, you may have questions about what’s happening with home prices today. Here’s what you need to know.There’s still a lot of confusion and misinformation out there. So, no matter what you may have heard, the national data shows they’ve actually been climbing again (see graphs below): As you can see, in the first half of 2022, home prices went way up. Those increases were dramatic and unsustainable. So, in the second half of 2022, prices adjusted. Those dips were small and didn’t...

Category: For Buyers