Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market

Written by Miramar Beach FL Mortgage Syndicated User on December 1, 2022. Posted in Distressed Properties, For Buyers, For Sellers, Foreclosures, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what’s happening today and the bubble in the early 2000s. One of the reasons this isn’t like the last time is the number of foreclosures in the market is much lower now. Here’s a look at why there won’t be a wave of foreclosures flooding the market. Not as Many Homeowners Are in Trouble This Time After the last housing crash, over nine million households lost their homes due to...

3 Ways You Can Use Your Home Equity

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

If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has almost $300,000 in equity right now. As you weigh your options, especially in the face of inflation and talk of a recession, it’s important to understand your assets and how you can leverage them. A real estate professional is the best resource to help you understand...

Your House Could Be the #1 Item on a Homebuyer’s Wish List During the Holidays

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

Each year, homeowners planning to make a move are faced with a decision: sell their house during the holidays or wait. And others who have already listed their homes may think about removing their listings and waiting until the new year to go back on the market. The truth is many buyers want to purchase a home for the holidays, and your house might be just what they’re looking for. Here are five great reasons you shouldn’t wait to sell your house. 1. While the supply of homes for sale has increased this year, there still aren’t enough homes on the market to keep up with buyer demand. As Nadia...

3 Trends That Are Good News for Today’s Homebuyers

Written by Miramar Beach FL Mortgage Syndicated User on November 1, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Move-Up Buyers.

While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home. As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are just a few trends that may benefit you when you go to buy a home today. 1. More Homes To Choose from During the pandemic, housing supply hit a record low at the same time buyer demand skyrocketed. This combination made it difficult to find a home because there just weren’t enough to meet buyer demand....

Applying for a Mortgage Doesn’t Have To Be Scary [INFOGRAPHIC]

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

Some Highlights Even with higher mortgage rates, the mortgage process doesn’t need to be something you fear. Here are some steps to help as you set out to buy a home. Know your credit score and work to build strong credit. When you’re ready, lean on the pros and connect with a lender so you can get pre-approved and begin your home search. Any major life change can be scary, and buying a home is no different. Let’s connect so you have an advisor by your side to take fear out of the equation. Content previously posted on Keeping Current Matters

Taking the Fear out of Saving for a Home

Written by Miramar Beach FL Mortgage Syndicated User on November 1, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Move-Up Buyers.

If you’re planning to buy a home, knowing what to budget for and how to save may sound scary at first. But it doesn’t have to be. One way to take the fear out of budgeting is understanding some of the costs you might encounter. And to do that, turn to trusted real estate professionals. They can help you plan your finances and prepare your budget. Here are just a few costs experts say you can expect. 1. Down Payment Saving for your down payment is likely top of mind as you set out to buy a home. But do you know how much you’ll need to save? While each situation is different, there’s a common...

Millennials Are Still a Driving Force of Today’s Buyer Demand

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

If you’re thinking about selling your house but wondering if buyers are still out there, know that there are still people who are searching for a home to buy today. And your house may be exactly what they’re looking for. While the millennial generation has been dubbed the renter generation, that namesake may not be appropriate anymore. Millennials, the largest generation, are actually a significant driving force for buyer demand in the housing market today. Here’s why. Millennial Homebuying Power While there’s no denying higher mortgage rates are making it more challenging to afford a home...

Why Buying a Home May Make More Sense Than Renting [INFOGRAPHIC]

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

Some Highlights If you’re trying to decide whether to rent or buy a home, consider the advantages homeownership offers. Buying a home can help you escape the cycle of rising rents, it’s a powerful wealth-building tool, and it’s typically considered a good hedge against inflation. If you’re ready to take advantage of the benefits of homeownership, let’s connect to explore your options. Content previously posted on Keeping Current Matters

Why You Should Consider Condos as Part of Your Home Search

Written by Miramar Beach FL Mortgage Syndicated User on October 1, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

The historically low inventory over the past few years led to challenges for many buyers trying to find a home that met their needs and their budget. If you’re in the same boat, you should know the recent shift in the housing market may have opened up doors for you to restart your search. The inventory of homes for sale has increased this year, and that’s giving buyers much needed options. As Danielle Hale, Chief Economist at realtor.com, says: “. . . today’s shoppers have more than 5 homes to consider for every 4 they had at this time a year ago.” But perspective is important. Overall, housing...

If You’re Thinking of Selling Your House This Fall, Hire a Pro

Written by Miramar Beach FL Mortgage Syndicated User on October 1, 2022. Posted in For Sellers, FSBOs, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Selling Myths.

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 Trends With higher mortgage rates and moderating buyer demand, conditions are changing and staying on top of the latest market information is crucial...

Category: Mortgage Miramar Beach FL