Home Price Deceleration Doesn’t Mean Home Price Depreciation

Written by Siesta Key Mortgage Syndicated User on June 16, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Siesta Key, Pricing, Siesta Key Mortgage.

Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look at a few terms you may hear: Appreciation is when home prices increase. Depreciation is when home prices decrease. Deceleration is when home prices continue to appreciate, but at a slower pace. Where Home Prices Have Been in Recent Years For starters, you’ve probably heard home prices have skyrocketed over...

A Majority of Consumers Say It’s a Good Time To Sell Your House

Written by Siesta Key Mortgage Syndicated User on June 15, 2022. Posted in For Sellers, Mortgage Siesta Key, Siesta Key Mortgage.

If you’re a homeowner thinking about selling your house, you’re probably looking for the best time to make your move. That means you’re likely balancing a number of factors, like your changing needs, where you’ll go when you sell, and today’s mortgage rates in order to time it just right. According to recent data, that sweet spot could already be here. The latest Home Purchase Sentiment Index (HPSI) by Fannie Mae finds that 76% of consumers believe now is a good time to sell. The graph below shows the percentage of survey respondents who say it’s a good time to sell a house. The big dip in...

Is the Housing Market Correcting?

Written by Siesta Key Mortgage Syndicated User on June 14, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Siesta Key, Siesta Key Mortgage.

If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to know. The housing market is moderating compared to the last two years, but what everyone needs to remember is that the past two years were record-breaking in nearly every way. Record-low mortgage rates and millennials reaching peak homebuying years led to an influx of buyer demand. At the same time, there weren’t enough homes available to purchase thanks to many years...

Luxury Homes Are in High Demand

Written by Siesta Key Mortgage Syndicated User on June 9, 2022. Posted in For Sellers, Luxury Market, Mortgage Siesta Key, Siesta Key Mortgage.

As people realize their needs are changing, some are turning to luxury housing to find their dream home. Investopedia helps define what pushes a home into this category. In a recent article, they point out that a luxury home isn’t only defined by its price. Location is also an important factor. It could be a condo at a desirable city address, a spacious home on the water, or one with access to luxury activities like arts and entertainment, high-end shopping and dining, and more. The home itself will also boast some of the finest features available. According to the Luxury Market Report from...

Why the Growing Number of Homes for Sale Is Good for Your Move Up

Written by Siesta Key Mortgage Syndicated User on June 7, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Siesta Key, Move-Up Buyers, Siesta Key Mortgage.

Are you thinking about selling your current home? If so, the biggest question on your mind may be: if I sell now, where will I go? If this resonates with you, there’s something you should know. The number of homes coming onto the market is increasing and that could make it easier for you to move up this summer. According to the latest data from realtor.com, the number of homes being listed for sale, known as new listings, has increased consistently this year (see graph below): While this news has clear benefits for buyers who are craving more options for their home search, what does that mean...

Why You Need an Expert To Determine the Right Price for Your House

Written by Siesta Key Mortgage Syndicated User on June 6, 2022. Posted in For Sellers, Mortgage Siesta Key, Pricing, Selling Myths, Siesta Key Mortgage.

If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans. With homes continuing to get multiple offers, this could be your moment to get the contract you’re looking for on your house if you’re ready to sell. And here’s the thing – you need an expert on your side to ensure you make all the right moves when you do, especially when it comes to pricing your house. Even in this competitive market, you can’t stick just any price tag on your home and get the deal you want. A key piece of the puzzle...

History Proves Recession Doesn’t Equal a Housing Crisis [INFOGRAPHIC]

Written by Siesta Key Mortgage Syndicated User on June 3, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Mortgage Siesta Key, Pricing, Siesta Key Mortgage.

Some Highlights It’s important to understand history proves an economic slowdown does not equal a housing crisis. In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008. If you have questions, let’s connect to discuss why today’s housing market is nothing like 2008. Content previously posted on Keeping Current Matters

Why Home Loans Today Aren’t What They Were in the Past

Written by Siesta Key Mortgage Syndicated User on June 1, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Siesta Key, Siesta Key Mortgage.

In today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago. Let’s ease those concerns. Several times a year, the Mortgage Bankers Association (MBA) releases an index titled the Mortgage Credit Availability Index (MCAI). According to their website: “The MCAI provides the only standardized quantitative index that is solely focused on mortgage credit. The MCAI is . . . a summary measure which indicates the availability of mortgage credit at a point in time.” Basically, the index determines...

What Does the Rest of the Year Hold for the Housing Market?

Written by Siesta Key Mortgage Syndicated User on May 31, 2022. Posted in First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Siesta Key, Move-Up Buyers, Siesta Key Mortgage.

If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say. The Number of Homes Available for Sale Is Likely To Grow There are early signs housing inventory is starting to grow and experts say that should continue in the months ahead. According to Danielle Hale, Chief Economist at realtor.com: “The gap between this year’s homes for sale and last year’s is one-fifth the size...

Bright Days Are Ahead When You Move Up This Summer [INFOGRAPHIC]

Written by Siesta Key Mortgage Syndicated User on May 27, 2022. Posted in For Buyers, For Sellers, Infographics, Mortgage Siesta Key, Move-Up Buyers, Siesta Key Mortgage.

Some Highlights Warmer weather and longer days mean summer is almost here. Celebrate by upgrading to the home of your dreams so you can enjoy all the season has to offer. When you list your house, you can capitalize on today’s sellers’ market to fuel your upgrade. Then, you can move to a home with the features you want, like space to entertain or rooms for work and play. If you’re ready to upgrade to a home that matches your changing needs, let’s connect. Content previously posted on Keeping Current Matters

Category: For Sellers