Reasons To Hire a Real Estate Professional [INFOGRAPHIC]

Written by Siesta Key Mortgage Syndicated User on November 26, 2021. Posted in For Buyers, For Sellers, Infographics, Mortgage Siesta Key, Siesta Key Mortgage.

Some Highlights Whether you’re buying or selling, there are many perks that come from working with a real estate advisor. Real estate professionals are experts at navigating all aspects of the buying and selling process, including negotiating on your behalf. We can also explain today’s market and break down what it means for you. Don’t go at it alone. Let’s connect today so you have advice and an expert to count on each step of the way. Content previously posted on Keeping Current Matters

How Smart Buyers Are Approaching Rising Mortgage Rates

Written by Siesta Key Mortgage Syndicated User on November 24, 2021. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Mortgage Siesta Key, Move-Up Buyers, Siesta Key Mortgage.

Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022: “The 30-year fixed-rate mortgage was 2.9% in the third quarter of 2021. We forecast mortgage rates to increase slightly through the remainder of the year and reach 3.0%, rising to 3.5% for full year 2022.” If you’re thinking of buying a home, here are a few things to keep in mind so you can succeed even as mortgage rates rise. Taking Time Off Can Be Costly Mortgage rates play a significant role in your home search. As rates go up, your monthly...

Don’t Believe Everything You Read: The Truth Many Headlines Overlook

Written by Siesta Key Mortgage Syndicated User on November 23, 2021. Posted in Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Interest Rates, Mortgage Siesta Key, Pricing, Siesta Key Mortgage.

There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise. With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, we’ll continue to see a rash of troublesome headlines over the next few months. To make sure you aren’t paralyzed by a headline, turn to reliable resources for a look at what to expect from the housing market next year. There are already alarmist headlines starting...

Your Journey to Homeownership [INFOGRAPHIC]

Written by Siesta Key Mortgage Syndicated User on November 19, 2021. Posted in First Time Home Buyers, For Buyers, Infographics, Mortgage Siesta Key, Move-Up Buyers, Siesta Key Mortgage.

Some Highlights When it comes to buying a home, there are a number of key milestones along the way. The process includes everything from building your team and understanding your finances to going house hunting, making an offer, and more. When you’re ready to start your journey, let’s connect so you have trusted guidance at every milestone in the process. Content previously posted on Keeping Current Matters

Home Sales About To Surge? We May See a Winter Like Never Before.

Written by Siesta Key Mortgage Syndicated User on November 18, 2021. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Siesta Key, Siesta Key Mortgage.

Like most industries, residential real estate has a seasonality to it. For example, toy stores sell more toys in October, November, and December than they do in any other three-month span throughout the year. More cars are sold in the U.S. during the second quarter (April, May, and June) than in any other quarter of the year. Real estate is very similar. The number of homes sold in the spring is almost always much greater than at any other time of the year. It’s even labeled as the spring buying season. Historically, the number of buyers and listings for sale significantly increase in the spring...

Retirement May Be Changing What You Need in a Home

Written by Siesta Key Mortgage Syndicated User on November 17, 2021. Posted in Baby Boomers, Demographics, For Buyers, For Sellers, Mortgage Siesta Key, Senior Market, Siesta Key Mortgage.

The past year and a half brought about significant life changes for many of us. For some, it meant entering retirement earlier than expected. Recent data shows more people retired this year than anticipated. According to the Schwartz Center for Economic Policy Analysis, 2021 saw a retirement boom: “At least 1.7 million more older workers than expected retired due to the pandemic recession.” If you’ve recently retired, your home may not fit your new lifestyle. The good news is, you’ve likely built-up significant equity that can fuel your next move. According to the latest Homeowner Equity...

4 Things Every Renter Needs To Consider

Written by Siesta Key Mortgage Syndicated User on November 15, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Siesta Key, Rent vs. Buy, Siesta Key Mortgage.

As a renter, you’re constantly faced with the same dilemma: keep renting for another year or purchase a home? Your answer depends on your current situation and future plans, but there are a number of benefits to homeownership every renter needs to consider. Here are a few things you should think about before you settle on renting for another year. 1. Rents Are Rising Quickly Rent increasing each year isn’t new. Looking back at Census data confirms rental prices have gone up consistently for decades (see graph below):If you’re a renter, you’re faced with payments that continue to climb each...

VA Loans: Helping Veterans Achieve Their Homeownership Dreams

Written by Siesta Key Mortgage Syndicated User on November 11, 2021. Posted in Buying Myths, Down Payments, For Buyers, Mortgage Siesta Key, Siesta Key Mortgage, Time-sensitive.

The purpose of Veterans Affairs (VA) home loans is to provide a pathway to homeownership for those who have sacrificed so much by serving our nation. As the Veterans Administration says of the program: “The objective of the VA Home Loan Guaranty program is to help eligible Veterans, active-duty personnel, surviving spouses, and members of the Reserves and National Guard purchase, retain, and adapt homes in recognition of their service. . . .” For over 75 years, VA home loans have provided millions of veterans and their families the opportunity to purchase their own homes. 2020 Data on VA...

What’s Happening with Home Prices?

Written by Siesta Key Mortgage Syndicated User on November 10, 2021. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Siesta Key, Pricing, Siesta Key Mortgage.

Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions. How much have home values appreciated over the last 12 months? According to the latest Home Price Index from CoreLogic, home values have increased by 18.1% compared to this time last year. Additionally, prices have gone up at an accelerated pace for each of the last eight months (see graph below):The increase in the rate of appreciation that’s shown...

Two Graphs That Show Why You Shouldn’t Be Upset About 3% Mortgage Rates

Written by Siesta Key Mortgage Syndicated User on November 8, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Siesta Key, Move-Up Buyers, Siesta Key Mortgage.

With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts project rates will rise further in the coming months, that conversation isn’t going away any time soon. But as a homebuyer, what do rates above 3% really mean? Today’s Average Mortgage Rate Still Presents Buyers with a Great Opportunity Buyers don’t want mortgage rates to rise, as any upward movement increases your monthly mortgage payment. But it’s important to put today’s average mortgage rate into perspective....

Category: For Buyers