How Experts Can Help Close the Gap in Today’s Homeownership Rate

Written by Longboat Key Mortgage Mortgage Syndicated User on February 8, 2023. Posted in Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers.

As we celebrate Black History Month, we reflect on the past and present experiences of Black Americans. This includes the path toward investing in a home of their own. And while equitable access to housing has come a long way, homeownership can be a steeper climb for households of color. It’s an important experience to talk about, along with how it can make all the difference for diverse homebuyers to work with the right real estate experts.

Experts Forecast a Turnaround in the Housing Market in 2023

Written by Longboat Key Mortgage Mortgage Syndicated User on February 2, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key.

The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year.

Lower Mortgage Rates Are Bringing Buyers Back to the Market

Written by Longboat Key Mortgage Mortgage Syndicated User on January 31, 2023. Posted in For Sellers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers.

As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.

Where Will You Go If You Sell? You Have Options.

Written by Longboat Key Mortgage Mortgage Syndicated User on January 30, 2023. Posted in For Sellers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers, New Construction.

There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next.

Why It Makes Sense To Move Before Spring

Written by Longboat Key Mortgage Mortgage Syndicated User on January 26, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers.

Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up.

Why You Shouldn’t Fear Today’s Foreclosure Headlines

Written by Longboat Key Mortgage Mortgage Syndicated User on January 25, 2023. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key.

If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s happening today. Here’s a deeper look.

The 3 Factors That Affect Home Affordability

Written by Longboat Key Mortgage Mortgage Syndicated User on January 24, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers, Pricing.

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares:

What’s Really Happening with Home Prices? [INFOGRAPHIC]

Written by Longboat Key Mortgage Mortgage Syndicated User on January 20, 2023. Posted in For Sellers, Housing Market Updates, Infographics, Longboat Key Mortgage, Mortgage Longboat Key, Pricing.

What Past Recessions Tell Us About the Housing Market

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

It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says:

Is It Time To Sell Your Second Home?

Written by Longboat Key Mortgage Mortgage Syndicated User on January 12, 2023. Posted in For Sellers, Housing Market Updates, Longboat Key Mortgage, Luxury Market, Mortgage Longboat Key.

During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent article, Investopedia shares additional factors that push a home into this category: location, such as a home on the water or in a desirable city, and features, the things that make the home itself feel luxurious.

Category: Housing Market Updates