Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years

Written by Siesta Key Mortgage Syndicated User on February 8, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Siesta Key, Siesta Key Mortgage.

The biggest challenge in the housing market right now, and likely for years to come, is how few homes there are for sale compared to the number of people who want to buy. That’s why, if you’re thinking about selling your house, this is a great time to do so. Your house would be welcome in a market that has fewer homes for sale than it did in the years leading up to the pandemic.

The Top Reasons for Selling Your House

Written by Siesta Key Mortgage Syndicated User on February 8, 2023. Posted in For Sellers, Interest Rates, Mortgage Siesta Key, Selling Myths, Siesta Key Mortgage.

Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started coming down from last year’s peak, they’re still higher than they were a couple of years ago.

Experts Forecast a Turnaround in the Housing Market in 2023

Written by Siesta Key Mortgage Syndicated User on February 2, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Siesta Key, Siesta Key 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 Siesta Key Mortgage Syndicated User on February 1, 2023. Posted in For Sellers, Mortgage Siesta Key, Selling Myths, Siesta Key Mortgage.

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 Siesta Key Mortgage Syndicated User on January 31, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Siesta Key, Move-Up Buyers, Siesta Key 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 Siesta Key Mortgage Syndicated User on January 30, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Siesta Key, Move-Up Buyers, New Construction, Siesta Key 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 Siesta Key Mortgage Syndicated User on January 25, 2023. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Mortgage Siesta Key, Siesta Key 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.

Want To Sell Your House? Price It Right.

Written by Siesta Key Mortgage Syndicated User on January 23, 2023. Posted in For Sellers, Mortgage Siesta Key, Pricing, Selling Myths, Siesta Key Mortgage.

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 Siesta Key Mortgage Syndicated User on January 20, 2023. Posted in For Sellers, Housing Market Updates, Infographics, Mortgage Siesta Key, Pricing, Siesta Key Mortgage.

Have Home Values Hit Bottom?

Written by Siesta Key Mortgage Syndicated User on January 18, 2023. Posted in For Buyers, For Sellers, Mortgage Siesta Key, Pricing, Siesta Key Mortgage.

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.

Category: For Sellers