What Are Accessory Dwelling Units and How Can They Benefit You?

Written by Miramar Beach FL Mortgage Syndicated User on November 1, 2023. Posted in Demographics, For Sellers, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Maybe you’re in the market for a home and are having a hard time finding the right one that fits your budget. Or perhaps you’re already a homeowner in need of extra income or a place for loved ones. Whether as a potential homebuyer or a homeowner with changing needs, accessory dwelling units, or ADUs for short, may be able to help you reach your goals.What Is an ADU?As AARP says:“An ADU is a small residence that shares a single-family lot with a larger, primary dwelling.”“An ADU is an independent, self-contained living space with a kitchen or kitchenette, bathroom and sleeping area.” “An ADU...

Foreclosures and Bankruptcies Won’t Crash the Housing Market

Written by Miramar Beach FL Mortgage Syndicated User on November 1, 2023. Posted in Foreclosures, Housing Market Updates, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

If you’ve been following the news recently, you might have seen articles about an increase in foreclosures and bankruptcies. That could be making you feel uneasy, especially if you’re thinking about buying or selling a house.But the truth is, even though the numbers are going up, the data shows the housing market isn’t headed for a crisis.Foreclosure Activity Rising, but Less Than Headlines SuggestIn recent years, the number of foreclosures has been very low. That’s because, in 2020 and 2021, the forbearance program and other relief options were put in place to help many homeowners...

A Real Estate Agent Helps Take the Fear Out of the Market

Written by Miramar Beach FL Mortgage Syndicated User on November 1, 2023. Posted in Buying Myths, For Buyers, For Sellers, Housing Market Updates, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Selling Myths.

Do negative headlines and talk on social media have you feeling worried about the housing market? Maybe you’ve even seen or heard something lately that scares you and makes you wonder if you should still buy or sell a home right now. Regrettably, when news in the media isn’t easy to understand, it can make people feel scared and unsure. Similarly, negative talk on social media spreads fast and creates fear. As Jason Lewris, Co-Founder and Chief Data Officer at Parcl, says:“In the absence of trustworthy, up-to-date information, real estate decisions are increasingly being driven by fear,...

Unmasking Scary Myths about Today’s Housing Market [INFOGRAPHIC]

Written by Miramar Beach FL Mortgage Syndicated User on November 1, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Move-Up Buyers.

Some HighlightsHere’s what you really need to know about a few myths causing fear in today’s housing market.Despite common misconceptions, many people can buy a home even if they have student loans, home prices are rising nationally (not falling), and you usually don’t have to have 20% for a down payment.If you have other fears or reservations about buying a home today, get in touch with a real estate expert who can help clear those up.

Explaining Today’s Low Housing Supply [INFOGRAPHIC]

Written by Miramar Beach FL Mortgage Syndicated User on October 1, 2023. Posted in Housing Market Updates, Infographics, Miramar Beach Mortgage, Mortgage Miramar Beach FL, New Construction.

Some HighlightsWondering why the supply of homes for sale is limited today? There are a few factors at play.Lack of building over time, the mortgage rate lock-in effect, and people staying in their houses longer are three of the main reasons why supply is low.But real estate agents know exactly where to look and what to do to make your dream a reality. Connect with an agent so you have an expert on your side to help you successfully navigate the market and find your next home.

Why Your House Didn’t Sell

Written by Miramar Beach FL Mortgage Syndicated User on October 1, 2023. Posted in For Sellers, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Selling Myths.

If your listing expired and your house didn’t sell, you’re likely feeling a little frustrated. Not to mention, you’re also probably wondering what went wrong. Here are three questions to think about as you figure out what to do next.Did You Limit Access to Your House?One of the biggest mistakes you can make when selling your house is restricting the days and times when potential buyers can tour it. Being flexible with your schedule is important when you’re selling your house, even though it might feel a bit stressful to drop everything and leave when buyers want to see it. After...

Why Today’s Housing Inventory Shows a Crash Isn’t on the Horizon

Written by Miramar Beach FL Mortgage Syndicated User on October 1, 2023. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

You might remember the housing crash in 2008, even if you didn’t own a home at the time. If you’re worried there’s going to be a repeat of what happened back then, there’s good news – the housing market now is different from 2008.One important reason is there aren’t enough homes for sale. That means there’s an undersupply, not an oversupply like the last time. For the market to crash, there would have to be too many houses for sale, but the data doesn’t show that happening.Housing supply comes from three main sources:Homeowners deciding to sell their housesNewly built...

Homeowners Have a Lot of Equity Right Now [INFOGRAPHIC]

Written by Miramar Beach FL Mortgage Syndicated User on September 1, 2023. Posted in For Sellers, Housing Market Updates, Infographics, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Some HighlightsYour equity grows as you pay down your home loan and as home prices increase. With home prices rising again, your equity is getting an extra boost.Almost half of homeowners are equity rich because they have at least 50% equity in their homes. If you’ve been in your home for a while, you might have gained a considerable amount of equity, too.Want to find out how much equity you have? Connect with a trusted real estate agent for a Professional Equity Assessment Report (PEAR).

How Inflation Affects the Housing Market

Written by Miramar Beach FL Mortgage Syndicated User on September 1, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Have you ever wondered how inflation impacts the housing market? Believe it or not, they’re connected. Whenever there are changes to one, both are affected. Here’s a high-level overview of the connection between the two.The Relationship Between Housing Inflation and Overall InflationShelter inflation is the measure of price growth specific to housing. It comes from a survey of renters and homeowners that’s done by the Bureau of Labor Statistics (BLS). The survey asks renters how much they’re paying in rent, and homeowners how much they’d rent their homes for, if they weren’t living in them.Much...

Buyer Traffic Is Still Stronger than the Norm

Written by Miramar Beach FL Mortgage Syndicated User on September 1, 2023. Posted in Demographics, For Sellers, Housing Market Updates, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Selling Myths.

Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove it.The ShowingTime Showing Index is a measure of buyers touring homes. The graph below uses the latest numbers available and compares them to the same month in the last normal years to show just how active today’s buyers still are:As you can see, when June 2023 numbers are stacked alongside what’s typical for the housing market at this time of...

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