Think Twice Before Waiting for Lower Home Prices

Written by Siesta Key Mortgage Syndicated User on April 17, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Millennials, Mortgage Siesta Key, Move-Up Buyers, Pricing, Siesta Key Mortgage.

As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop significantly. But that’s not the best strategy.A recent survey from Zonda shows 53% of millennials are still renting right now because they’re waiting for home prices to come down. But here’s the thing: the most recent data...

Home Inspections for Sellers: What You Need To Know [INFOGRAPHIC]

Written by Siesta Key Mortgage Syndicated User on April 14, 2023. Posted in For Sellers, Infographics, Mortgage Siesta Key, Selling Myths, Siesta Key Mortgage.

Want To Sell Your House This Spring? Price It Right.

Written by Siesta Key Mortgage Syndicated User on April 13, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Siesta Key, Selling Myths, Siesta Key Mortgage.

Over the last year, the housing market’s gone through significant change. While it’s still a sellers’ market, homes that are priced right are selling, and they get the most attention from buyers right now. If you’re thinking of selling your house this spring, it’s important to lean on your expert real estate advisor when it comes to setting a list price. As Realtor.com explains:“Move-in-ready homes with curb appeal and in desirable areas—and that are priced to sell—are especially likely to move quickly this spring.”In today’s market, how you price your house will not only make a big difference...

Your Tax Refund Can Help You Achieve Your Homebuying Goals

Written by Siesta Key Mortgage Syndicated User on April 12, 2023. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Siesta Key, Move-Up Buyers, Siesta Key Mortgage.

Have you been saving up to buy a home this year? If so, you know there are a variety of expenses involved – from your down payment to closing costs. But there’s good news – your tax refund can help you achieve your goals by paying for some of these expenses.SmartAsset estimates the average American will receive a $1,798 tax refund this year. The map below provides a more detailed estimate by state:According to Freddie Mac, there are multiple ways your refund check can help you as a homebuyer. If you’re getting a refund this year and thinking about buying a home, here are a few tips to keep:Saving...

The Big Advantage If You Sell This Spring

Written by Siesta Key Mortgage Syndicated User on April 11, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Siesta Key, Siesta Key Mortgage.

Thinking about selling your house? If you’ve been waiting for the right time, it could be now while the supply of homes for sale is so low. HousingWire shares:“. . . the big question is whether we are finally starting to see the seasonal spring increase in inventory. The answer is no, because active listings fell to a new low last week for 2023 . . .”The National Association of Realtors (NAR) confirms today’s housing inventory is low by looking at the months’ supply of homes on the market. In a balanced market, about a six-month supply is needed. Anything lower is a sellers’ market. And today,...

Homebuyer Activity Shows Signs of Warming Up for Spring

Written by Siesta Key Mortgage Syndicated User on April 10, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Siesta Key, Siesta Key Mortgage.

The spring season appears to be warming up in housing as more and more buyers enter the market. And after rising mortgage rates sidelined so many buyers last year, that’s a good sign for sellers. Realtor.com has the latest:“Spring is officially here, and like green shoots emerging from the bleak winter, new data suggests that more buyers are back in the market, although more subdued compared to a year ago.”We know buyer activity is trending up because of mortgage purchase application data. According to Investopedia:“A mortgage application is a document submitted to a lender when you apply for...

The Key Advantage of Investing in a Home [INFOGRAPHIC]

Written by Siesta Key Mortgage Syndicated User on April 7, 2023. Posted in First Time Home Buyers, For Buyers, Infographics, Mortgage Siesta Key, Pricing, Siesta Key Mortgage.

Trying To Buy a Home? Hang in There.

Written by Siesta Key Mortgage Syndicated User on April 6, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Mortgage Siesta Key, Move-Up Buyers, Pricing, Siesta Key Mortgage.

We’re still in a sellers’ market. And if you’re looking to buy a home, that means you’re likely facing some unique challenges, like difficulty finding a home and volatile mortgage rates. But keep in mind, there are some benefits to being a buyer in today’s market that give you good reason to stick with your search. Here are a few of them.Long-Term Benefits Outweigh Short-Term ChallengesOwning a home grows your net worth – and since building that wealth takes time, it makes sense to start as soon as you can. If you wait to buy and keep renting, you’ll miss out on those monthly housing payments...

Why Aren’t Home Prices Crashing?

Written by Siesta Key Mortgage Syndicated User on April 5, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Siesta Key, Siesta Key Mortgage.

There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people’s ability to buy a home. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing.Even though we’re no longer seeing the buyer frenzy that drove home values up during the pandemic, prices have been relatively flat at the national level. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), doesn’t expect that to change:“[H]ome prices...

Two Reasons You Should Sell Your House

Written by Siesta Key Mortgage Syndicated User on April 4, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Siesta Key, Selling Myths, Siesta Key Mortgage.

Wondering if you should sell your house this year? As you make your decision, think about what’s motivating you to consider moving. A recent survey from realtor.com asked why homeowners are thinking about selling their houses this year. Here are the top two reasons (see graphic below):Let’s break those reasons down and explore how they might resonate with you.1. I Want To Take Advantage of the Current Market and Make a ProfitWhen you decide to sell your house, how much you’ll make from the sale will likely be top of mind. So, here’s some good news: according to the latest data, the average seller...

Category: Mortgage Siesta Key