The Perks of Owning More Than One Home

Written by Siesta Key Mortgage Syndicated User on February 22, 2022. Posted in For Buyers, Luxury Market, Mortgage Siesta Key, Move-Up Buyers, Siesta Key Mortgage.

Many things have changed over the past couple of years, and real estate is no exception. One impact is an increased desire to own more than one home. According to the recent Luxury Market Report from Luxury Home Marketing: “As trends such as remote working and flexi-hours took hold in 2021, so too did the flexibility of relocating as well as the growth of second homeownership.” This may be because the pandemic has altered how we think about our homes. Where we live has become, more than ever, our safe space and our getaway. And with the rise in remote work, more people are reconsidering...

Real Estate Voted the Best Investment Eight Years in a Row

Written by Siesta Key Mortgage Syndicated User on February 21, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Siesta Key, Move-Up Buyers, Rent vs. Buy, Siesta Key Mortgage.

In an annual Gallup poll, Americans chose real estate as the best long-term investment. And it’s not the first time it’s topped the list, either. Real estate has been on a winning streak for the past eight years, consistently gaining traction as the best long-term investment (see graph below): If you’re thinking about purchasing a home this year, this poll should reassure you. Even when inflation is rising like it is today, Americans agree an investment like real estate truly shines. Why Is Real Estate a Great Investment During Times of High Inflation? With inflation reaching its highest...

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

4 Simple Graphs Showing Why This Is Not a Housing Bubble

Written by Siesta Key Mortgage Syndicated User on February 17, 2022. Posted in Housing Market Updates, Interest Rates, Mortgage Siesta Key, Pricing, Siesta Key Mortgage.

A recent survey revealed that many consumers believe there’s a housing bubble beginning to form. That feeling is understandable, as year-over-year home price appreciation is still in the double digits. However, this market is very different than it was during the housing crash 15 years ago. Here are four key reasons why today is nothing like the last time. 1. Houses Are Not Unaffordable Like They Were During the Housing Boom The affordability formula has three components: the price of the home, wages earned by the purchaser, and the mortgage rate available at the time. Conventional lending...

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...

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...

Are You Ready To Fall in Love with Homeownership?

Written by Siesta Key Mortgage Syndicated User on February 14, 2022. Posted in First Time Home Buyers, For Buyers, Mortgage Siesta Key, Siesta Key Mortgage.

Financial benefits are always a key aspect of homeownership, but it’s also important to understand that the nonfinancial and personal benefits are why so many people genuinely fall in love with their homes. When you own your home, you likely feel a sense of emotional attachment because of the comfort it provides, but also because it’s a space that’s truly yours. Over the past two years, we’ve learned to love our homes even more as we’ve stayed home more than ever due to the ongoing pandemic. As a result, the personal and emotional benefits our homes provide have become even more important...

How To Win as a Buyer in a Sellers’ Market [INFOGRAPHIC]

Written by Siesta Key Mortgage Syndicated User on February 11, 2022. Posted in Down Payments, First Time Home Buyers, For Buyers, Infographics, Mortgage Siesta Key, Move-Up Buyers, Siesta Key Mortgage.

Some Highlights Even in today’s sellers’ market, there are still ways for buyers to win big. Build a team of trusted professionals and make strategic plays as you budget and pick your desired neighborhoods. Then, be ready for the competition by getting a pre-approval letter and leaning on your expert advisors to draft a winning offer. In a sellers’ market, you can still be the champion if you have the right team and strategy. Let’s connect today to make your game-winning play. Content previously posted on Keeping Current Matters

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...

The Path To Homeownership Can Be Steeper for Some Americans

Written by Siesta Key Mortgage Syndicated User on February 9, 2022. Posted in Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Siesta Key, Siesta Key Mortgage.

As we celebrate Black History Month, we honor and recognize the past and present experiences of Black Americans. A significant part of this experience is investing in a home of their own. While equitable access to housing has come a long way, the path to homeownership is still steeper for households of color. It’s an important experience to talk about, along with how working with the right real estate experts can make all the difference for diverse homebuyers. We know it’s a more challenging journey to achieve homeownership for some because there’s still a measurable gap between the...

Category: Mortgage Siesta Key