What Does the Future Hold for Home Prices?

Written by Siesta Key Mortgage Syndicated User on October 19, 2021. Posted in Buying Myths, For Buyers, For Sellers, Housing Market Updates, Mortgage Siesta Key, Pricing, Selling Myths, Siesta Key Mortgage.

If you’re looking to buy or sell a house, chances are you’ve heard talk about today’s rising home prices. And while this increase in home values is great news for sellers, you may be wondering what the future holds. Will prices continue to rise with time, or should you expect them to fall? To answer that question, let’s first understand a few terms you may be hearing right now. Appreciation is an increase in the value of an asset. Depreciation is a decrease in the value of an asset. Deceleration is when something happens at a slower pace. It’s important to note home prices have increased,...

Sellers: Your House Could Be an Oasis for Buyers Seeking More Options

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

Sellers have a great opportunity this season as buyer demand still heavily outweighs the current supply of homes for sale. According to the National Association of Realtors (NAR), today’s housing inventory sits at only a 2.6-month supply. To put that into perspective, a neutral market typically features a 6-month supply. That places today’s market firmly in the sellers’ market category. That same NAR data also shows today’s inventory of single-family homes is trailing behind the level we saw last year (see graph below):Because of the ongoing supply challenges, buyers can feel like they’re wandering...

What Do Past Years Tell Us About Today’s Real Estate Market?

Written by Siesta Key Mortgage Syndicated User on October 14, 2021. Posted in For Sellers, Housing Market Updates, Mortgage Siesta Key, Selling Myths, Siesta Key Mortgage.

As you follow the news, you’re likely seeing headlines discussing what’s going on in today’s housing market. Chances are high that some of the more recent storylines you’ve come across mention terms like cooling or slowing when talking about where the market is headed. But what do these terms mean? The housing market today is anything but normal, and it’s still an incredibly strong sellers’ market, especially when compared to the few years leading up to the pandemic. With that in mind, what can previous years tell us about today’s real estate market and if it’s truly slowing? We’re Still Seeing...

The Big Question: Should You Renovate or Move?

Written by Siesta Key Mortgage Syndicated User on October 13, 2021. Posted in For Buyers, For Sellers, Interest Rates, Mortgage Siesta Key, Move-Up Buyers, Pricing, Siesta Key Mortgage.

The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following: 70% of respondents want more outdoor living space 69% of respondents want a home office (48% wanted multiple offices) 46% of respondents want a multi-function room/flexible space 42% of respondents want an au pair/in-law suite 39% of respondents want an exercise room/yoga space If you’re a homeowner who wants to add any of the above, you have two options: renovate your current...

What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]

Written by Siesta Key Mortgage Syndicated User on October 8, 2021. Posted in For Sellers, Housing Market Updates, Infographics, Interest Rates, Millennials, Mortgage Siesta Key, New Construction, Siesta Key Mortgage.

Some Highlights Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply. If you’re thinking of selling, let’s connect to talk about our local area and how you can take advantage of today’s housing market. Content previously posted on Keeping Current Matters

4 Tips To Prep for Your Home Sale This Fall

Written by Siesta Key Mortgage Syndicated User on October 4, 2021. Posted in For Sellers, Mortgage Siesta Key, Selling Myths, Siesta Key Mortgage.

Even in a hot sellers’ market like today’s in which homes are selling so quickly, it’s still important to make a good first impression on potential buyers. Taking the time upfront to prep your house appropriately can bring in the greatest return on your investment. Here are four simple tips to make sure you maximize the sale of your house this fall. 1. Price It Right One of the first things buyers will notice is the price of your house. That’s why it’s important to price it right. Your goal in pricing your house is to draw attention from competing buyers and let bidding wars push the final...

As Home Equity Rises, So Does Your Wealth

Written by Siesta Key Mortgage Syndicated User on September 30, 2021. Posted in First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Mortgage Siesta Key, Move-Up Buyers, Pricing, Siesta Key Mortgage.

Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is one of the best ways to increase your net worth. This boost to your wealth comes in the form of equity. Equity is the difference between what you owe on the home and its market value based on factors like price appreciation. The best thing about equity is that it often grows without you even realizing it, especially in a sellers’...

Don’t Tackle Selling Your Home on Your Own – an Agent Can Help

Written by Siesta Key Mortgage Syndicated User on September 29, 2021. Posted in For Sellers, FSBOs, Mortgage Siesta Key, Selling Myths, Siesta Key Mortgage.

If you’re looking to maximize your sale and minimize your effort, you need to work with a real estate professional. In a sellers’ market like today’s, it can be tempting to list your house on your own – known as For Sale By Owner (FSBO). But the truth is, a real estate professional can save you time and money by managing every step of the process, from pricing your home to reviewing documents and handling negotiations. Before you decide to sell your house on your own, here are five reasons why working with an agent is your best bet to maximize the sale of your home. 1. First impressions are...

It’s Still a Sellers’ Market [INFOGRAPHIC]

Written by Siesta Key Mortgage Syndicated User on September 24, 2021. Posted in For Sellers, Housing Market Updates, Infographics, Mortgage Siesta Key, Move-Up Buyers, Pricing, Siesta Key Mortgage.

Some Highlights Due to low supply and high demand, today is one of the strongest sellers’ markets we’ve seen. Sellers can benefit from more offers to pick from, higher home values, and a faster sales process. That might be why 73% of people believe it’s a good time to sell. Sellers, don’t miss out on this unique opportunity. Let’s connect so you can take advantage of this hot sellers’ market. Content previously posted on Keeping Current Matters

Two Reasons Why Waiting a Year To Buy Could Cost You

Written by Siesta Key Mortgage Syndicated User on September 23, 2021. Posted in Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Siesta Key, Move-Up Buyers, Pricing, Siesta Key Mortgage.

If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself two simple questions: What will home prices be like in 2022? Where will mortgage rates be by the end of 2022? Let’s shed some light on the answers to both of these questions. What will home prices be like in 2022? Three major housing industry entities project continued home price appreciation for 2022....

Category: For Sellers