There Are Several Great Reasons To Consider Buying a Condo Today

Written by Miramar Beach FL Mortgage Syndicated User on April 1, 2022. Posted in First Time Home Buyers, For Buyers, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Pricing.

If you’re a first-time buyer looking to break into the housing market but struggling to find a home to buy, condominiums (or condos) could be a great alternative for you. Here are a few reasons condos may be something you’ll want to consider. Exploring Condos Could Add Options That Fit Your Budget Supply challenges are a reality across the board in today’s housing market. Broadening your home search to include condos could increase your overall pool of options. Just keep in mind, condos generally differ from single-family homes in average space and floorplans. In a recent article, Bankrate...

What’s Happening with Mortgage Rates, and Where Will They Go from Here?

Written by Miramar Beach FL Mortgage Syndicated User on April 1, 2022. Posted in For Buyers, Housing Market Updates, Interest Rates, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Pricing.

Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual to show how mortgage rate movement throughout 2021 was steady compared to the rapid increase in mortgage rates this year: Just a few months ago, Freddie Mac projected mortgage rates would average 3.6% in 2022. Earlier this month, Fannie Mae forecast mortgage rates would average 3.8% in 2022. As the chart above shows, rates have already surpassed...

The Best Week To List Your House Is Just Around the Corner

Written by Miramar Beach FL Mortgage Syndicated User on April 1, 2022. Posted in For Sellers, Housing Market Updates, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Are you thinking about selling your house? If so, you may want to make it a priority to start the process soon. According to realtor.com, the sweet spot for sellers is just around the corner. In a recent study, experts analyzed housing market trends by looking at data from the past several years (excluding 2020, since it was an atypical year). When applied to the current market, experts determined the ideal week to list a house this year. The research says: “Home sellers on the fence waiting for that perfect moment to sell should start preparations, because the best time to list a home in...

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

Written by Miramar Beach FL Mortgage Syndicated User on March 1, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

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 Miramar Beach FL Mortgage Syndicated User on March 1, 2022. Posted in Demographics, Down Payments, For Buyers, For Sellers, Millennials, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Move-Up Buyers.

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 Difference Between Renting and Owning [INFOGRAPHIC]

Written by Miramar Beach FL Mortgage Syndicated User on March 1, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Move-Up Buyers, Rent vs. Buy.

Some Highlights If you’re deciding whether to rent or buy, consider the many financial benefits that come with owning a home. As a renter, you build your landlord’s wealth and face rising costs. As a homeowner, you build your own net worth and can lock in your monthly payments for the length of your loan. If you’re weighing your options, remember that owning a home is a decision that has considerable financial perks. If you want to learn more, let’s connect to talk about the perks of homeownership. Content previously posted on Keeping Current Matters

The #1 Reason To Sell Your House Today

Written by Miramar Beach FL Mortgage Syndicated User on March 1, 2022. Posted in For Sellers, Housing Market Updates, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

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...

Why a Move Could Bring You More Happiness This Year

Written by Miramar Beach FL Mortgage Syndicated User on February 1, 2022. Posted in For Buyers, For Sellers, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Move-Up Buyers.

Over the past two years, we’ve lived through one of the most stressful periods in recent history. Because of the health crisis, many of us have spent more time at home and that’s led us to re-evaluate both what we need in a house and how much we appreciate having a safe space. If you’ve found your current home isn’t filling all your needs, you may be wondering if it’s time to find a new one. There’s reason to believe a change of scenery could boost your happiness. Catherine Hartley, an Assistant Professor at New York University’s Department of Psychology and co-author of a study on how new...

Owning Is More Affordable than Renting in the Majority of the Country

Written by Miramar Beach FL Mortgage Syndicated User on February 1, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Pricing, Rent vs. Buy.

If you were thinking about buying a home this year, but already pressed pause on your plans due to rising home prices and increasing mortgage rates, there’s something you should consider. According to the latest report from ATTOM Data, owning a home is more affordable than renting in the majority of the country. The 2022 Rental Affordability Report says: “. . . Owning a median-priced home is more affordable than the average rent on a three-bedroom property in 666, or 58 percent, of the 1,154 U.S. counties analyzed for the report. That means major home ownership expenses consume a smaller portion...

Why Your Home Inspection Matters [INFOGRAPHIC]

Written by Miramar Beach FL Mortgage Syndicated User on February 1, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Move-Up Buyers.

Some Highlights Buying a home and wondering if your inspection is necessary? While some buyers may decide to waive their inspection, it’s risky decision. Your home inspection is a crucial step in the homebuying process. It assesses the condition of the home you plan to purchase, so you can avoid costly surprises down the road. Let’s connect so you have expert advice and a trusted professional who will keep your interests top of mind. Content previously posted on Keeping Current Matters

Author: Miramar Beach FL Mortgage Syndicated User