The Latest on Supply and Demand in Housing

Written by Longboat Key Mortgage Mortgage Syndicated User on October 18, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers.

Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. The graph below helps tell the story of just how different things are today. This year, buyer demand has eased as higher mortgage rates and mounting economic uncertainty moderated the market. This slowdown in demand is clear when you look at the red bar on the graph. It uses the latest data from ShowingTime to illustrate how showings (an indicator of buyer demand)...

The Emotional and Non-financial Benefits of Homeownership

Written by Longboat Key Mortgage Mortgage Syndicated User on October 17, 2022. Posted in First Time Home Buyers, For Buyers, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers, Rent vs. Buy.

With higher mortgage rates, you might be wondering if now’s the best time to buy a home. While the financial aspects are important to consider, there are also powerful non-financial reasons it may make sense to make a move. Here are just a few of the benefits that come with homeownership. Homeowners Can Make Their Home Truly Their Own Owning your home gives you a significant sense of accomplishment because it’s a space you can customize to your heart’s desire. That can bring you added happiness. In fact, a report from the National Association of Realtors (NAR) shows making updates or remodeling...

Tips For First-Time Homebuyers [INFOGRAPHIC]

Written by Longboat Key Mortgage Mortgage Syndicated User on October 14, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Longboat Key Mortgage, Mortgage Longboat Key.

Some Highlights If you’re trying to buy your first home in today’s housing market, you’ll want to know what you can do as mortgage rates rise and inventory stays low overall. Connect with a lender to get pre-approved, prioritize your wish list, consider condos, and expand your search radius. Your first home is out there. Let’s connect to explore your options and what other first-time buyers are doing to find their homes. Content previously posted on Keeping Current Matters

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