Here’s What a Recession Could Mean for the Housing Market

Written by Miramar Beach FL Mortgage Syndicated User on April 1, 2025. Posted in For Buyers, For Sellers, Home Prices, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Recession talk is all over the news, and the odds of a recession are rising this year. And that leaves people wondering what would happen to the housing market if we do go into a recession.Let’s take a look at some historical data to show what’s happened in housing for each recession going all the way back to the 1980s.A Recession Doesn’t Mean Home Prices Will FallMany people think that if a recession hits, home prices will fall like they did in 2008. But that was an exception, not the rule. It was the only time we saw such a steep drop in prices. And it hasn’t happened since.In fact,...

Paused Your Moving Plans? Here’s Why It Might Be Time To Hit Play Again

Written by Miramar Beach FL Mortgage Syndicated User on April 1, 2025. Posted in For Buyers, Inventory, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Last year, 70% of buyers abandoned their home search – and maybe you were one of them. It makes sense. Inventory was low, prices were high, and mortgage rates were up and down like a rollercoaster. All of that made it really hard to find a home you loved – and could afford.But guess what? The market is shifting.So, if you paused your moving plans in 2024, it might be time to hit play again. Here’s why.More Inventory Opens Up More OptionsEven if you could make the numbers work, the lack of available homes in recent years probably made it hard to come by something that fit your needs. But...

National Housing Trends To Watch

Written by Miramar Beach FL Mortgage Syndicated User on April 1, 2025. Posted in Home Prices, Infographics, Inventory, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Some HighlightsAt a national level, the housing market has shifted over the past year.There are more homes for sale, price growth has moderated, and homes are taking a little longer to sell.Do you want to know how your area compares? Connect with a real estate agent to go over what’s happening locally and what this means for you.

Buyers Have More Negotiation Power – Here’s How To Use It

Written by Miramar Beach FL Mortgage Syndicated User on April 1, 2025. Posted in Agent Value, Buying Tips, For Buyers, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

You may have heard there are more homes for sale right now. And while that’ll vary depending on the market, it means that overall, things are starting to lean in a more balanced direction. As that happens, some sellers are a bit more open to compromise. Here’s what that means for you.You may be regaining some negotiating power. That can translate into savings, perks, or even better terms on your purchase – if you know what levers to pull during negotiation.Why an Agent Is an Essential Part of the Negotiation ProcessThe complicated part is knowing what is and isn’t on the table. That’s where...

Is It Better To Rent or Buy a Home Today?

Written by Miramar Beach FL Mortgage Syndicated User on March 1, 2025. Posted in For Buyers, Infographics, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Rent vs. Buy.

Some HighlightsA study shows that 70% of prospective buyers fear the long-term consequences of renting. And here’s why.?Rent usually rises over time and that can make it harder to save up to buy a home. But when you buy, you can stabilize your housing expenses and grow your net worth as home values rise. While renting may be the less expensive option in some markets, it can’t match the long-term benefits of homeownership. What’s your #1 reason for wanting to buy?

Do You Know How Much Your Home Is Worth?

Written by Miramar Beach FL Mortgage Syndicated User on March 1, 2025. Posted in For Sellers, Home Prices, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Over the past few years, you’ve probably seen a whole lot of headlines about how home prices keep going up. But have you ever stopped to think about what that actually means for your home?Home prices have risen dramatically over the past five years — far more than usual. And if selling has been on your mind, this could mean a bigger-than-expected payday when you list. So, how much has your home’s value really changed? Let’s break it down.The Rapid Rise of the Past 5 YearsTypically, home prices go up by about 2-5% a year. But in 2021-2022, there were double-digit increases. And at the...

Is an Accessory Dwelling Unit Right for You? Here’s What To Know

Written by Miramar Beach FL Mortgage Syndicated User on March 1, 2025. Posted in Buying Tips, For Buyers, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Are you having a hard time finding the right home in your budget? Or maybe you already own a home but could use some extra income or a designated space for aging loved ones. Either way, accessory dwelling units (ADUs) could be the smart solution you’ve been looking for in today’s market.What Is an ADU?According to Fannie Mae, an ADU is a small, separate living space that’s on the same lot as a single-family home. It must include its own areas for living, sleeping, cooking, and bathrooms independent of the main house. And they can take shape in a few different ways. Fannie Mae adds, an ADU...

Time in the Market Beats Trying To Time the Market

Written by Miramar Beach FL Mortgage Syndicated User on February 1, 2025. Posted in Equity, Forecasts, Home Prices, Infographics, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Some HighlightsAre you torn between whether to buy a home now or wait? Consider this.Forecasts show prices will climb for ?at least the next 5 years. If you wait, the price of a home will be higher later on. But, if you buy a $400K now, you could gain roughly $83K in equity as prices rise.If you’re able to buy now, this equity is one reason why it’ll be worth it in the long run. Connect with an agent if you’re ready to talk through ways we can make it happen.

The Secret To Selling? Using an Agent To Get Your House Noticed

Written by Miramar Beach FL Mortgage Syndicated User on February 1, 2025. Posted in Agent Value, For Sellers, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

In a recent survey, the National Association of Realtors (NAR) asked sellers what they want most from a real estate agent. The number one answer was to help market their house.It makes sense. The way your agent markets your house can be the difference between whether or not it stands out and gets attention from buyers. That’s why it’s so important to work with an expert local agent that knows what they’re doing.According to that same report from NAR, here are some of the most common methods real estate agents use to market homes, and how you benefit when your agent uses them...

Two Resources That Can Help You Buy a Home Right Now

Written by Miramar Beach FL Mortgage Syndicated User on February 1, 2025. Posted in Affordability, Buying Tips, First-Time Buyers, For Buyers, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

A recent report from Realtor.com says 20% of Americans don’t think homeownership is achievable. Maybe you feel the same way. With inflation driving up day-to-day expenses, saving enough to buy your first home is more of a challenge. But here’s the thing. With the right resources and help, you can still make it happen.There are options that can help make buying a home possible today — even if your savings are limited or your credit isn’t perfect. Let’s explore just two of the solutions that could help get you into your first home no matter the market.1. FHA LoansIf your down payment savings...

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