2 of the Factors That Impact Mortgage Rates

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

If you’re looking to buy a home, you’ve probably been paying close attention to mortgage rates. Over the last couple of years, they hit record lows, rose dramatically, and are now dropping back down a bit. Ever wonder why?The answer is complicated because there’s a lot that can influence mortgage rates. Here are just a few of the most impactful factors at play.Inflation and the Federal ReserveThe Federal Reserve (Fed) doesn’t directly determine mortgage rates. But the Fed does move the Federal Funds Rate up or down in response to what’s happening with inflation, the economy, employment rates,...

Will a Silver Tsunami Change the 2024 Housing Market?

Written by Miramar Beach FL Mortgage Syndicated User on February 1, 2024. Posted in Demographics, Housing Market Updates, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Have you ever heard the term “Silver Tsunami” and wondered what it’s all about? If so, that might be because there’s been lot of talk about it online recently. Let’s dive into what it is and why it won’t drastically impact the housing market.What Does Silver Tsunami Mean?A recent article from HousingWire calls it:“. . . a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging . . .”The thought is that as baby boomers grow older, a significant number will start downsizing their homes. Considering how large that generation is, if these...

3 Keys To Hitting Your Homeownership Goals in 2024

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

If buying or selling a home is your goal for 2024, it’s important to understand today’s housing market, know your why, and work with industry experts to bring your homeownership vision for the new year into focus.Over the last year, the economy had a big impact on the housing market, and likely on your wallet too. That’s why it’s critical to have a clear picture of not just the market today, but also on what you want out of it when you buy or sell a home. Danielle Hale, Chief Economist at Realtor.com, explains:“The key to making a good decision in this challenging housing market is to be laser...

The Benefits of Working With an Agent When You Sell Your House [INFOGRAPHIC]

Written by Miramar Beach FL Mortgage Syndicated User on January 1, 2024. Posted in For Sellers, Infographics, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Selling Myths.

Some HighlightsWhen it comes to selling your house, the expertise of a trusted real estate agent can make a big difference.They’ll explain what’s happening today, what that means for you, and how to price and market your house. They’re also skilled negotiators and well versed in the contracts and disclosures involved. Partner with a trusted real estate professional so you have expert advice throughout the entire process.

What You Need To Know About Saving for a Home in 2024

Written by Miramar Beach FL Mortgage Syndicated User on January 1, 2024. Posted in Buying Myths, 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 intimidating – but it doesn’t have to be. One way to ease those concerns is to make sure you understand some of the costs you may encounter up front. And to do that, always turn to trusted real estate professionals. They can help you set a plan and take a strategic look at your budget and your process before you even get started.Here are just a few things experts say you should be thinking about.1. Down PaymentSaving for your down payment is likely top of mind as you set out to buy a home. But do you know...

Retiring Soon? Why Moving Might Be the Perfect Next Step

Written by Miramar Beach FL Mortgage Syndicated User on January 1, 2024. Posted in Baby Boomers, Demographics, For Sellers, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

If you’re thinking about retirement or have already retired this year, it’s a good time to consider if your current house is still a good fit for the next chapter in your life.Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about as you decide whether or not to sell and make a move.How Long You’ve Been in Your HomeFrom 1985 to 2008, the average length of time homeowners typically stayed in their homes was only six years. But according to the National Association of Realtors (NAR), that number is rising today, meaning many homeowners...

3 Reasons To Sell Your House Before the New Year [INFOGRAPHIC]

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

Some HighlightsHere are a few reasons you may not want to hold off until the new year to sell your house. Buyers looking right now are highly motivated, the supply of homes for sale is still low, and you may find buyers are more flexible with showings this time of year.Reach out to a real estate agent to determine if selling your house now is the right move for you.

Is Owning a Home Still the American Dream for Younger Buyers?

Written by Miramar Beach FL Mortgage Syndicated User on December 1, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Everyone has their own idea of the American Dream, and it’s different for each person. But, in a recent survey by Bankrate, people were asked about the achievements they believe represent the American Dream the most. The answers show that owning a home still claims the #1 spot for many Americans today (see graph below): In fact, according to the graph, owning a home is more important to people than retiring, having a successful career, or even getting a college degree. But is the dream of homeownership still alive for younger generations?A recent survey by 1000watt dives into how the two...

Why the Economy Won’t Tank the Housing Market

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

If you’re worried about a coming recession, you’re not alone. Over the past couple of years, there’s been a lot of recession talk. And many people worry, if we do have one, it would cause the unemployment rate to skyrocket. Some even fear that a spike in unemployment would lead to a rash of foreclosures similar to what happened 15 years ago.However, the latest Economic Forecasting Survey from the Wall Street Journal (WSJ) reveals that, for the first time in over a year, less than half (48%) of economists believe a recession will actually occur within the next year:“Economists are turning optimistic...

Are the Top 3 Housing Market Questions on Your Mind?

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

When it comes to what’s happening in the housing market, there’s a lot of confusion going around right now. You may hear one thing in conversation with your friends, see something totally different on the news, and read something on social media that contradicts both of those thoughts. And, if you’re thinking about making a move, that can leave you with a lot of lingering questions. That’s where a trusted local real estate agent comes in.Here are the top 3 questions people are asking about today’s housing market, and the data to help answer them.1. What’s Next for Mortgage Rates?Mortgage rates...

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