Supply and Demand in Today’s Market [INFOGRAPHIC]

Written by Siesta Key Mortgage Syndicated User on March 4, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Mortgage Siesta Key, Siesta Key Mortgage.

Some Highlights Today’s housing market is the direct result of low supply and high buyer demand. Here’s what that means for you and your plans to buy or sell. For buyers, expect competition, be ready to move fast, and be prepared to submit your strongest offer. For sellers, know your house will be the center of attention and that it’ll likely sell quickly and get multiple offers. If you’re ready to move, let’s connect to talk about our local area and how you can take advantage of today’s unprecedented housing market. Content previously posted on Keeping Current Matters

Are Home Prices Continuing To Rise?

Written by Siesta Key Mortgage Syndicated User on March 3, 2022. Posted in First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Mortgage Siesta Key, Move-Up Buyers, Pricing, Siesta Key Mortgage.

Many analysts projected home price appreciation would slow dramatically in the fall of 2021 and then continue to soften throughout 2022. So far, that hasn’t happened. The major price indices are all revealing ongoing double-digit price appreciation. Here’s a look at their reports on year-over-year price appreciation for December: Federal Housing Finance Agency (FHFA): 17.6% S&P Case-Shiller: 18.8% CoreLogic: 18.5% To show that they’re not seeing signs of softening, here’s a graph that gives the progression of all three indices for each month of 2021. As the graph above reveals, last...

An Expert Advisor Will Give You the Best Advice in Today’s Market

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

Having an experienced guide coaching you through the process of buying or selling a home is important in a normal market – but today’s market is far from normal. As a result, an expert real estate advisor isn’t just good to have by your side, they’re essential. Today’s housing market is full of extremes. Experts project mortgage rates will continue to rise this year, and that’s driving significant demand for homes as buyers want to make their purchases before rates climb even higher. At the same time, an absence of sellers is leading to record-low housing inventory. This imbalance in supply...

Millennials: Do You Need a Home with More Space?

Written by Siesta Key Mortgage Syndicated User on February 28, 2022. Posted in Demographics, Down Payments, For Buyers, For Sellers, Millennials, Mortgage Siesta Key, Move-Up Buyers, Siesta Key Mortgage.

If you’re a millennial, homebuying might be top of mind for you. Your generation is the largest group of homebuyers in the market today and has been since 2014, according to the National Association of Realtors (NAR). And while other millennials are looking to buy for the first time, you may be one of the many who are now discovering you’ve outgrown your home. If that’s the case, you’re not alone. The past two years brought about significant changes for many people, and today, homeowners are reevaluating what they truly need in a home. As a recent report from the Wall Street Journal states: “They...

The #1 Reason To Sell Your House Today

Written by Siesta Key Mortgage Syndicated User on February 24, 2022. Posted in For Sellers, Housing Market Updates, Mortgage Siesta Key, Siesta Key Mortgage.

Almost every industry is currently struggling with supply chain disruptions. This also applies to the current U.S. housing market, where buyer demand far exceeds housing supply. Purchaser demand is very strong right now. The National Association of Realtors (NAR) just released their latest Existing Home Sales Report which reveals that sales surged in January. Existing home sales rose to a seasonally adjusted annual rate of 6.5 million – an increase of 6.7% from the prior month, with sales up in all regions. However, there’s one big challenge. Inventory Is at an All-Time Low Because purchaser...

How Supply and Demand Can Impact Your Buying and Selling Goals

Written by Siesta Key Mortgage Syndicated User on February 23, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Siesta Key, Siesta Key Mortgage.

In today’s housing market, there are far more buyers looking for homes than sellers listing their houses. Based on the concept of supply and demand, this means home prices will naturally rise. Why is that? When there are more people trying to buy an item than there are making that item available for sale, that drives prices up. And that’s exactly the case in today’s housing market. So, knowing what’s happening with the inventory of homes for sale and the demand for housing is crucial for today’s buyers and sellers. Nationally, Demand Is High and Supply Is Very Low The latest buyer and seller...

What’s Driving Today’s High Buyer Demand? [INFOGRAPHIC]

Written by Siesta Key Mortgage Syndicated User on February 18, 2022. Posted in For Sellers, Housing Market Updates, Infographics, Mortgage Siesta Key, Siesta Key Mortgage.

Some Highlights There’s an influx of buyers looking for homes today, and that means your house is in high demand. Here are a few reasons why so many people are looking to buy a home. Buyers are motivated to beat rising mortgage rates, and many want to escape rising rents. There’s also additional demand from millennials who are reaching peak homebuying age. If you’re thinking about selling your house, today’s demand is great news. Let’s connect to begin the process of listing your house while buyers are ready to purchase. Content previously posted on Keeping Current Matters

More People Are Planning To Buy a Home Soon

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

While some homeowners may be tempted to hold off until spring to list their houses, you should know – homebuyers aren’t waiting. Demand is high today as more people are trying to beat rising mortgage rates. As a result, eager buyers are entering the market or moving their plans up so they can make their purchases as soon as possible. The most recent Consumer Confidence Survey finds that, of those surveyed, the percentage of people planning to buy over the next six months has increased substantially since last fall (see graph below): As the graph shows, the number of consumers fast-tracking...

What Every Seller Needs To Know About Renovating This Year

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

If you’re planning to sell this year, you’re probably thinking about what you’ll need to do to get your house ready to appeal to the most buyers. It’s crucial to work with a trusted real estate professional who knows your local market to get your home ready to sell. But there are a few things you should consider when deciding what to renovate and update before listing this season. Here are three things to keep top of mind as you’re making your list of projects to tackle this year. 1. The Number of Homes for Sale Is Very Low Housing inventory sits far below what is normally considered a balanced...

Want Top Dollar for Your House? Now’s the Time To List It.

Written by Siesta Key Mortgage Syndicated User on February 10, 2022. Posted in For Sellers, Housing Market Updates, Mortgage Siesta Key, Siesta Key Mortgage.

When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. In the real estate market, that time is right now. If you’re thinking of selling your house this year, here are two reasons why now’s the time to list. 1. Demand Is Very Strong This Winter A recent article in Inman News explains: “Spring, the hottest time of year for homebuyers and sellers, has started early, according to economists. . . . ‘Home shopping season appears to already be in full swing!’” And they aren’t the only...

Category: For Sellers