A Look at Home Price Appreciation and What It Means for Sellers

Written by Miramar Beach FL Mortgage Syndicated User on August 16, 2021. Posted in Miramar Beach Mortgage, Mortgage Miramar Beach FL.

When you hear the phrase home price appreciation, what does it mean to you? Through context clues alone, chances are you know it has to do with rising home prices. And as a seller, you know rising home prices are good news for your potential sale. But let’s look past the dollar signs and dive deeper into the concept. To truly understand home price appreciation, you need to know how it works and why it matters to you. Investopedia defines appreciation like this: “Appreciation, in general terms, is an increase in the value of an asset over time. The increase can occur for a number of reasons,...

Sellers Are in a Sweet Spot [INFOGRAPHIC]

Written by Miramar Beach FL Mortgage Syndicated User on August 13, 2021. Posted in Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Some Highlights In today’s sellers’ market, you’re set up to win big when you list your house. That’s because homes are selling fast, receiving 4.4 offers on average and often selling above the asking price. Then, when you buy your next home, you’ll also win by addressing your changing needs and taking advantage of near historic-low mortgage rates. If you’re ready to make a move, let’s connect so you can capitalize on today’s market and find your next dream home. Content previously posted on Keeping Current Matters href=”https://www.simplifyingthemarket.com/en/?a=429471-6e7ae3e7d7cea4059ea7d116981248f9″>Keeping...

The Best Use of Time (and Money) When It Comes to Renovations

Written by Miramar Beach FL Mortgage Syndicated User on August 12, 2021. Posted in Miramar Beach Mortgage, Mortgage Miramar Beach FL.

In the current sellers’ market, many homeowners wonder what, if anything, needs to be remodeled before they list their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – renovate before selling. Here are some considerations a professional will guide you through: 1. With current supply challenges, buyers may be willing to take on projects of their own. A more balanced market typically sees a 6-month supply of homes for sale. Above that, and we’re in a buyers’ market....

Are Houses Less Affordable Than They Were in Past Decades?

Written by Miramar Beach FL Mortgage Syndicated User on August 11, 2021. Posted in Miramar Beach Mortgage, Mortgage Miramar Beach FL.

There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than it was in 2005? What about 1995? What happens if we go all the way back to 1985? Or even 1975? Obviously, the price of a home has appreciated dramatically over the last 45 years. So have the prices of milk, bread, and just about every other consumable. Prices rise over time – we know it as inflation. However, when we look at housing,...

Looking for a Place To Call Home? Consider a Condominium.

Written by Miramar Beach FL Mortgage Syndicated User on August 10, 2021. Posted in Miramar Beach Mortgage, Mortgage Miramar Beach FL.

It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it may be worth considering a condominium (condo) as a worthwhile option. In fact, trends indicate condos are gaining popularity among buyers. In the latest Existing Homes Sales Report from the National Association of Realtors (NAR), the data shows condo sales rising throughout the first half of this year (see graph below):There are a few reasons more and more people are opting...

The Community and Economic Impacts of a Home Sale

Written by Miramar Beach FL Mortgage Syndicated User on August 9, 2021. Posted in Miramar Beach Mortgage, Mortgage Miramar Beach FL.

If you’re thinking of buying or selling a house, chances are you’re focusing on the many extraordinary ways it’ll change your life. What you may not realize is that decision impacts people’s lives far beyond your own. Home purchases and sales are significant drivers of economic activity. They have a major impact on your community and the entire U.S. economy via the multiple industries and professionals that take part in the process. The National Association of Realtors (NAR) releases a report each year that highlights just how much economic activity a home sale generates. The chart below shows...

Ready To Sell, but Don’t Know Where You’ll Go? [INFOGRAPHIC]

Written by Miramar Beach FL Mortgage Syndicated User on August 6, 2021. Posted in Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Some Highlights If you’re thinking of selling your house but don’t know what you should buy, you have options. Existing homes offer a wide variety of home styles, an established neighborhood, and lived-in charm. Meanwhile, new home construction lets you create your perfect home, cash in on energy efficiency, and minimize repairs. Whether you’re looking for newly built or existing homes, both have their perks. If you’re ready to sell your house, let’s connect today to go over the perks of both existing and newly built homes to find out what’s right for you. Content previously posted on Keeping...

Surprising Shift Favors Homeowners: Buyers Now Prefer Existing Homes

Written by Miramar Beach FL Mortgage Syndicated User on August 5, 2021. Posted in Miramar Beach Mortgage, Mortgage Miramar Beach FL.

In April, the National Association of Home Builders (NAHB) posted an article, Home Buyers’ Preferences Shift Towards New Construction, which reported: “60% of people who were looking to buy a home in 2020 said they’d prefer new construction to an existing home.” However, it seems buyers are now shifting their preferences back to existing homes. The latest Consumer Confidence Survey reveals the percentage of Americans planning to buy a home in the next six months is virtually the same as it was back in March. However, the percentage that plan to buy a newly constructed home is lower...

Sellers: Make Today’s Home Price Appreciation Work for You

Written by Miramar Beach FL Mortgage Syndicated User on August 4, 2021. Posted in Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Home prices continue to rise as we move through the summer, and that’s good news for sellers who are looking to maximize their home’s potential. If you’re on the fence about whether to list your house now or later, the question you should really ask is: will this price appreciation last? Here’s what three leading industry experts have to say about what lies ahead: Lawrence Yun, Chief Economist, National Association of Realtors (NAR): “At a broad level, home prices are in no danger of a decline due to tight inventory conditions, but I do expect prices to appreciate at a slower pace by the end...

With Rents on the Rise – Is Now the Time To Buy?

Written by Miramar Beach FL Mortgage Syndicated User on August 3, 2021. Posted in Miramar Beach Mortgage, Mortgage Miramar Beach FL.

According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. As it notes: “Beyond simply recovering to pre-pandemic levels, rents across the country are surging. Typically, rents fluctuate less than 1% from month to month. In May and June, rents increased by 3.0% and 3.2% from each month to the next.” If you’re a renter concerned about rising prices, now may be the time to consider purchasing a home. Monthly Rents Are Higher Than Monthly Mortgage...

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