Could a Multigenerational Home Be the Right Fit for You?

Written by Longboat Key Mortgage Mortgage Syndicated User on March 7, 2023. Posted in Baby Boomers, Demographics, First Time Home Buyers, For Buyers, Longboat Key Mortgage, Millennials, Mortgage Longboat Key, Move-Up Buyers.

During the pandemic, many of us reexamined the meaning of home for ourselves and our loved ones. Today, that can be seen in the recent rise in multigenerational households. According to Jessica Lautz, Deputy Chief Economist and Vice President of Economic Research at the National Association of Realtors (NAR): “Multi-generational buying may be a home where families live in the same home with elderly parents, children who have boomeranged back home, or other extended family members. While this is not a new concept of living, it is one which has gained recent popularity.” And citing data from...

Is It Really Better To Rent Than To Own a Home Right Now?

Written by Longboat Key Mortgage Mortgage Syndicated User on March 6, 2023. Posted in First Time Home Buyers, For Buyers, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers.

You may have seen reports in the news recently saying it’s better to rent right now than it is to own your home. But before you let that impact your decisions, you should understand what these claims are based on.

What You Should Know About Rising Mortgage Rates

Written by Longboat Key Mortgage Mortgage Syndicated User on February 28, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers.

After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy or if you should hold off on your search until rates come back down.

One Major Benefit of Investing in a Home

Written by Longboat Key Mortgage Mortgage Syndicated User on February 27, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers.

One of the many reasons to buy a home is that it’s a major way to build wealth and gain financial stability. According to Freddie Mac:

How To Make Your Dream of Homeownership a Reality

Written by Longboat Key Mortgage Mortgage Syndicated User on February 23, 2023. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers.

According to a recent Harris Poll survey, 8 in 10 Americans say buying a home is a priority, and 28 million Americans actually plan to buy within the next 12 months. Homeownership provides many financial and nonfinancial benefits, so that interest is understandable.

A Smaller Home Could Be Your Best Option

Written by Longboat Key Mortgage Mortgage Syndicated User on February 22, 2023. Posted in Baby Boomers, Demographics, For Buyers, For Sellers, Longboat Key Mortgage, Mortgage Longboat Key.

Many people are reaching the point in their lives when they need to decide where they want to live when they retire. If you’re a homeowner approaching this stage, you have several options to explore. Jessica Lautz, Deputy Chief Economist and Vice President of Research at the National Association of Realtors (NAR), says:

The Two Big Issues the Housing Market’s Facing Right Now

Written by Longboat Key Mortgage Mortgage Syndicated User on February 21, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Longboat Key Mortgage, Mortgage Longboat Key.

The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply:

Wondering What’s Going on with Home Prices?

Written by Longboat Key Mortgage Mortgage Syndicated User on February 16, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key, Pricing.

The recent changes in home prices are top of mind for many as the housing market begins gearing up for spring. It can be hard to navigate misleading headlines and confusing data, so here’s what you should know about today’s home prices.

Should You Consider Buying a Newly Built Home?

Written by Longboat Key Mortgage Mortgage Syndicated User on February 15, 2023. Posted in First Time Home Buyers, For Buyers, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers, New Construction.

If you’re thinking about buying a home, you might be focusing on previously owned ones. But with so few houses for sale today, it makes sense to consider all your options, and that includes a home that’s newly built.

Why It’s Easy To Fall in Love with Homeownership

Written by Longboat Key Mortgage Mortgage Syndicated User on February 15, 2023. Posted in First Time Home Buyers, For Buyers, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers.

No matter how the housing market changes, there are some things about owning a home that never change—like the personal benefits it can provide. When you own your home, you likely feel a sense of attachment because of the comfort it gives and also because it’s a space that’s truly yours. Over the last few years, we’ve fully embraced the meaning of our homes as we spent more time than ever in them. As a result, the emotional benefits our homes provide have become even more important to us. As the most recent State of the American Homeowner from Unison puts it: “. . . one thing has stayed the...

Category: For Buyers