Sellers Have an Opportunity with Today’s Home Prices

Written by Merritt Island FL Mortgage Syndicated User on May 25, 2022. Posted in For Sellers, Housing Market Updates, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Move-Up Buyers, Pricing.

As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that trend. According to data from CoreLogic, home price appreciation has been re-accelerating since November. The graph below shows this increase in home price appreciation in green: This is largely due to an ongoing imbalance in supply and demand. Specifically, housing supply is still low, and demand...

Work With a Real Estate Professional if You Want the Best Advice

Written by Merritt Island FL Mortgage Syndicated User on May 24, 2022. Posted in For Buyers, For Sellers, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates.

Because buying or selling a home is such a big decision in our lives, the need for clear, trustworthy information and guidance is crucial. And while no one can give you perfect advice, when you align yourself with an expert, you’ll get the best advice for your situation. An Expert Will Give You the Best Advice Possible Let’s say you need an attorney, so you seek out an expert in the type of law required for your case. When you go to their office, they won’t immediately tell you how the case is going to end or how the judge or jury will rule. What a good attorney can do, though, is discuss...

The One Thing Every Homeowner Needs To Know About a Recession

Written by Merritt Island FL Mortgage Syndicated User on May 20, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates.

A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value. The National Bureau of Economic Research (NBER) defines a recession this way: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its...

If You’re a Homeowner, You Have Incredible Leverage When You Sell Today

Written by Merritt Island FL Mortgage Syndicated User on May 17, 2022. Posted in For Sellers, Housing Market Updates, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates.

In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition among buyers. Right now, homebuyers want three things: To be the winning bid on their dream home To buy before mortgage rates rise more To buy before home prices go even higher These buyer needs give you an amazing advantage – also known as leverage – when you sell. What Does This Mean for Sellers Today? You might already realize this enables you to sell at a good...

Should You Update Your House Before Selling? Ask a Real Estate Professional. [INFOGRAPHIC]

Written by Merritt Island FL Mortgage Syndicated User on May 14, 2022. Posted in For Sellers, Infographics, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Selling Myths.

Some Highlights If you’re deciding whether you should make updates before you sell your house, lean on your trusted real estate advisor to be your guide. In today’s sellers’ market, buyers have limited options and may be more willing to take on repairs themselves. If you’re thinking about selling your house, let’s connect so you have expert advice that’s customized to your home and our local area. Content previously posted on Keeping Current Matters

Will Home Prices Fall This Year? Here’s What Experts Say.

Written by Merritt Island FL Mortgage Syndicated User on May 11, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Move-Up Buyers, Pricing.

Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals. What’s Happening with Home Prices? Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says: “Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%.” So why are prices climbing so much? It’s because there are more buyers than...

Today’s Home Price Appreciation Is Great News for Existing Homeowners

Written by Merritt Island FL Mortgage Syndicated User on May 9, 2022. Posted in For Sellers, Housing Market Updates, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Move-Up Buyers, Pricing.

If you’re planning to sell your home this season, rising prices are great news for you. But it’s important to understand why prices are rising to begin with. One major factor is supply and demand. In any industry, when there are more buyers for an item than there are of that item available, prices naturally rise. In those situations, buyers are willing to pay more to get the product or service they’re looking for when options are scarce. And that’s exactly what’s happening in the current real estate market. Selma Hepp, Executive, Research & Insights and Deputy Chief Economist at CoreLogic,...

Your House Could Be Closer to List-Ready Than You Think

Written by Merritt Island FL Mortgage Syndicated User on May 9, 2022. Posted in For Sellers, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Selling Myths.

One of the biggest concerns for a homeowner looking to sell is the time they’ll have to put in before listing their house. If that’s the case for you, you should know – your home might be closer to list-ready than you think in today’s housing market. A survey of recent sellers from realtor.com finds that many were able to get their house ready in less than a month. It says: “With many homeowners expecting a quick sale, and in many cases a lack of contingencies, the preparation process took less than a month for over 50% of home sellers this past year, with 20% completing it in less than two...

2022 Housing Market Forecast [INFOGRAPHIC]

Written by Merritt Island FL Mortgage Syndicated User on May 9, 2022. Posted in First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Move-Up Buyers, Pricing.

Some Highlights What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead. Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing needs. Let’s connect so you can make your best move this year. Content previously posted on Keeping Current Matters

What You Need To Know About Selling in a Sellers’ Market

Written by Merritt Island FL Mortgage Syndicated User on May 9, 2022. Posted in For Sellers, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Pricing.

Even if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market. That’s because there’s a lot of talk about how strong market conditions are for people who want to sell their houses. But if you’re thinking about listing your house, you probably want to know: what does being in a sellers’ market really mean? What Is a Sellers’ Market? The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still very low. There’s a 2-month supply of homes at the current sales pace. Historically, a 6-month supply...

Category: For Sellers