Investors Are Not Buying Up All the Homes

Written by Miramar Beach FL Mortgage Syndicated User on December 1, 2024. Posted in Economy, For Buyers, Infographics, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Some HighlightsThere’s a misconception Wall Street is buying all the homes on the market. But data proves that isn’t true.?Experts agree the share of homes bought by investors is declining – and most are smaller investors, like your neighbor who owns a second home, not Wall Street.No matter what you’ve heard, the majority of homes are still being purchased by everyday homebuyers like you – not big investors. Connect with an agent if you have questions.?

Make Your House the Top Thing on Every Buyer’s Wish List This Season

Written by Miramar Beach FL Mortgage Syndicated User on December 1, 2024. Posted in For Sellers, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Selling Tips.

With the holidays right around the corner, homeowners planning to move have a decision to make: sell now or wait? Some may even consider taking their house off the market until next spring. But is that the best choice? Because at this time of year, your home can really stand out.Here’s the thing: there are plenty of buyers out there who want to be in a new home by the holidays, and your house might be just what they’re looking for. As an article from Redfin says: “. . . there is typically less inventory in the housing market this time of year, allowing your home to easily stand out among...

Control the Controllables If You’re Worried About Mortgage Rates

Written by Miramar Beach FL Mortgage Syndicated User on December 1, 2024. Posted in Miramar Beach Mortgage, Mortgage Miramar Beach FL, Mortgage Rates.

Chances are you’re hearing a lot about mortgage rates right now, and all you really want to hear is that they’re coming back down. And if you’ve seen headlines about the early November Federal Funds Rate cut by the Federal Reserve (The Fed), maybe you got hopeful mortgage rates would start to decline right away. Although some media sources may lead you to believe that the Fed’s actions determine mortgage rates, in reality, they don’t. The truth is, the Fed, the job market, inflation, geopolitical changes, and a whole list of other economic factors influence mortgage rates, too. So, while recent...

Q&A: How Do Presidential Elections Impact the Housing Market?

Written by Miramar Beach FL Mortgage Syndicated User on November 1, 2024. Posted in Economy, Home Prices, Infographics, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Mortgage Rates.

Some HighlightsEven if you’re not looking to move right away, you may have questions about how the election will impact the housing market.When we look at historical trends, combined with what’s happening right now, we can find your answers. Based on historical data, mortgage rates decrease in the months before and home prices and sales increase the year after the election.The facts show Presidential elections only have a small and temporary impact on the housing market.

How Real Estate Agents Take the Fear Out of Moving

Written by Miramar Beach FL Mortgage Syndicated User on November 1, 2024. Posted in Agent Value, For Buyers, For Sellers, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Feeling a bit unsure, or even afraid, to move with everything going on right now? The decision to move shouldn’t be scary, it should be exciting. And the best way to eliminate any fear is to work with a pro. Real estate agents are so much more than just transaction facilitators; they’re trusted guides to help you navigate the complexities of the housing market with confidence and ease. And a great agent can turn what may feel like a daunting process into a manageable—and even enjoyable—experience.That’s why, in a Bright MLS survey, respondents agreed partnering with an agent is essential and...

Avoid These Top Homebuyer Mistakes in Today’s Market

Written by Miramar Beach FL Mortgage Syndicated User on November 1, 2024. Posted in Agent Value, For Buyers, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

No one likes making mistakes, especially when they happen in what’s likely the biggest transaction of your life – buying a home.That’s why partnering with a trusted agent is so important. Here’s a sneak peek at the most common missteps buyers are making in today’s market and how a great agent will help you steer clear of each one.Trying To Time the MarketMany buyers are trying to time the market by waiting for home prices or mortgage rates to drop. This can be a really risky strategy because there’s so much at play that can have an impact on those things. As Elijah de la Campa, Senior Economist...

Why Home Sales Bounce Back After Presidential Elections

Written by Miramar Beach FL Mortgage Syndicated User on November 1, 2024. Posted in Economy, For Buyers, For Sellers, Home Prices, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market. Let’s break it down.Election Years Bring a Temporary SlowdownIn any given year, home sales slow down slightly in the fall. It’s a typical, seasonal trend. However, according to data from BTIG, in election years there’s usually a slightly larger dip in home sales in the month leading up to Election Day (see graph below):Why? Uncertainty. Many consumers hold off on making major decisions or purchases while they wait to see how the election will play out. It’s a pattern...

This Is the Sweet Spot Homebuyers Have Been Waiting For

Written by Miramar Beach FL Mortgage Syndicated User on October 1, 2024. Posted in For Buyers, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Mortgage Rates.

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet spot for buyers—and it’s one that may not last long.So, if you’ve put your own move on the back burner, here’s why maybe you shouldn’t delay your plans any longer.As you weigh your options and decide if you should buy now or wait, ask yourself this: What do you think everyone else is going to do?The truth is, if mortgage rates continue to ease, as experts project, more...

Buying Beats Renting in 22 Major U.S. Cities

Written by Miramar Beach FL Mortgage Syndicated User on October 1, 2024. Posted in Affordability, For Buyers, Home Prices, Inventory, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Mortgage Rates.

That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments (see chart below):As mortgage rates have eased off their recent peak, home prices have moderated, and inventory has ticked up, affordability has improved significantly. When you add all of that up, it’s getting less expensive to buy a home than to rent one in many parts of the country.This is a big deal if you’ve been renting for a while now. But if you don’t see your city on this list, don’t sweat it. Things are moving fast, and your area might...

Buy Now, or Wait?

Written by Miramar Beach FL Mortgage Syndicated User on October 1, 2024. Posted in Buying Tips, For Buyers, Infographics, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Mortgage Rates.

Some HighlightsIf you’re wondering if you should buy now or wait, here’s what you need to know. If you wait for rates to drop more, you’ll have to deal with more competition and higher prices as additional buyers jump back in. But if you buy now, you’d get ahead of that and have the chance to start building equity.Should you buy now or wait? Connect with a real estate agent and talk through it together, so you can make your best decision.

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