Expert Housing Market Forecasts for the Second Half of the Year

Written by Siesta Key Mortgage Syndicated User on July 12, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Siesta Key, Pricing, Siesta Key Mortgage.

The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s turn to the experts for projections on what the second half of the year holds for residential real estate. Where Mortgage Rates Will Go Depends on Inflation While one of the big questions on all buyers’ minds is where will mortgage rates go in the months ahead, no one has a crystal ball to know exactly what’ll happen in the future. What housing market experts know...

The Drop in Mortgage Rates Brings Good News for Homebuyers

Written by Siesta Key Mortgage Syndicated User on July 11, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Siesta Key, Move-Up Buyers, Siesta Key Mortgage.

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% two weeks prior (see graph below): But why is this recent dip such good news for homebuyers? As Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains: “According...

Why Growing Home Equity Is Great News if You Plan To Move [INFOGRAPHIC]

Written by Siesta Key Mortgage Syndicated User on July 8, 2022. Posted in For Sellers, Housing Market Updates, Infographics, Mortgage Siesta Key, Move-Up Buyers, Pricing, Siesta Key Mortgage.

Some Highlights According to the latest data from CoreLogic, the average homeowner gained $64,000 in home equity over the past 12 months. That much equity can be a game-changer when you move. When you sell, it could be some (if not all) of what you need for a down payment on your next home. To find out how much equity you have in your home and how you can use it, let’s connect today. Content previously posted on Keeping Current Matters

What Does an Economic Slowdown Mean for the Housing Market?

Written by Siesta Key Mortgage Syndicated User on July 7, 2022. Posted in For Buyers, Housing Market Updates, Interest Rates, Mortgage Siesta Key, Siesta Key Mortgage.

According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they’d use their tools and influence to slow down the economy. All of this brings up many fears and questions around how it might affect our lives, our jobs, and business overall. And one concern many Americans have is: how will this affect the housing market? We know how economic slowdowns have impacted home prices in the past, but how could this...

How Your Equity Can Grow over Time

Written by Siesta Key Mortgage Syndicated User on July 6, 2022. Posted in For Sellers, Mortgage Siesta Key, Move-Up Buyers, Pricing, Siesta Key Mortgage.

It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC, says: “The stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth.” That’s great for your home’s value over the last couple of years, but what if you’ve lived in your home for longer than that? You may be wondering how much equity you truly have. The National Association of Realtors (NAR) has done a study to calculate the typical equity...

Is Homeownership Still the American Dream?

Written by Siesta Key Mortgage Syndicated User on July 5, 2022. Posted in First Time Home Buyers, For Buyers, Mortgage Siesta Key, Siesta Key Mortgage.

Defining the American dream is personal, and no one individual will have the same definition as another. But the feelings it brings about – success, freedom, and a sense of prosperity – are universal. That’s why, for many people, homeownership remains a key part of the American dream. Your home is your stake in the community, a strong financial investment, and an achievement to be proud of. A recent survey from Bankrate asked respondents to rank achievements as indicators of financial success, and the responses prove that owning a home is still important to so many Americans today (see graph...

Happy Independence Day

Written by Siesta Key Mortgage Syndicated User on July 4, 2022. Posted in Holidays, Mortgage Siesta Key, Siesta Key Mortgage, Time-sensitive, Uncategorized.

Content previously posted on Keeping Current Matters

Real Estate Consistently Voted Best Investment [INFOGRAPHIC]

Written by Siesta Key Mortgage Syndicated User on July 1, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Mortgage Siesta Key, Move-Up Buyers, Siesta Key Mortgage.

Some Highlights Based on a recent Gallup poll, real estate has been rated the best long-term investment for nine years in a row. Owning real estate is more than just a place to call home. It’s also an investment in your future. That’s because it’s typically a stable and secure asset that can grow in value over time. If you’re ready to buy a home and invest in your future, let’s connect. Content previously posted on Keeping Current Matters

If You’re Selling Your House This Summer, Hiring a Pro Is Critical

Written by Siesta Key Mortgage Syndicated User on June 30, 2022. Posted in For Sellers, FSBOs, Mortgage Siesta Key, Siesta Key Mortgage.

It can be tempting, especially with how hot the housing market has been over the past two years, to consider selling your home on your own. But today’s market is at a turning point, making it more essential than ever to work with a real estate professional. Not only will a trusted real estate advisor keep you updated and help you make the best decisions based on current market trends, but they’re also experts in managing the many aspects of selling your house. Here are five key reasons why working with a real estate professional makes sense today. 1. A Professional Follows the Latest Market...

Homeownership Could Be in Reach with Down Payment Assistance Programs

Written by Siesta Key Mortgage Syndicated User on June 29, 2022. Posted in Buying Myths, Down Payments, For Buyers, Mortgage Siesta Key, Siesta Key Mortgage.

A recent survey from Bankrate asks prospective buyers to identify the biggest obstacles in their homebuying journey. It found that 36% of those polled said saving for a down payment is one of their primary hurdles to buying a home. If you feel the same way, the good news is there are many down payment assistance programs available that can help you achieve your homeownership goals. The key is understanding where to look and learning what options are available. Here’s some information that can help you. You Can Qualify Even if You’ve Purchased a Home Before There are several misconceptions about...

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