Your Homebuying Adventure [INFOGRAPHIC]

Written by Longboat Key Mortgage Mortgage Syndicated User on December 8, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers.

Some Highlights Here are the key milestones you’ll encounter on your path to homeownership. From building your team, to house hunting, all the way to moving into your new home – it’s an exciting adventure. Your journey starts here. Connect with a local real estate agent so you have expert guidance each step of the way.

Why You Need To Use a Real Estate Agent When You Buy a Home

Written by Longboat Key Mortgage Mortgage Syndicated User on December 7, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers.

If you’ve recently decided you’re ready to become a homeowner, chances are you’re trying to figure out what to do first. It can feel a bit overwhelming to know where to start, but the good news is you don’t have to navigate all of that alone. When it comes to buying a home, there are a lot of moving pieces. And that’s especially true in today’s housing market. The number of homes for sale is still low, and home prices and mortgage rates are still high. That combination can be tricky if you don’t have reliable expertise and a trusted advisor on your side. That’s why the best place to start is...

How To Turn Homeownership into a Side Hustle

Written by Longboat Key Mortgage Mortgage Syndicated User on December 6, 2023. Posted in Demographics, First Time Home Buyers, For Buyers, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers, Rent vs. Buy.

Does the rising cost of just about everything these days make your dream of owning your own home feel less within reach? According to Bankrate, many people are seeking additional income through side hustles, possibly to cope with those increasing expenses and save for a home. This trend is particularly popular with younger individuals who may be dealing with student loan debt (see graph below): Here are two strategies that can not only make homeownership more affordable in the short term, but turn it into a lucrative side hustle that can pay off down the road. Transforming the Challenge...

When You Sell Your House, Where Do You Plan To Go?

Written by Longboat Key Mortgage Mortgage Syndicated User on December 5, 2023. Posted in For Sellers, Longboat Key Mortgage, Mortgage Longboat Key, Selling Myths.

If you’re thinking about selling your house, you may have heard the supply of homes for sale is still low, and that means your house should stand out to buyers who are craving more options. But you may also be wondering, once you sell, how does the current supply impact your own move? And, will you be able to find a home you want to buy with inventory this low? One thing that can help you find your next home is exploring all your options, including both homes that have been lived in before as well as newly built ones. Let’s look at the benefits of each one. The Pros of Newly Built Homes First,...

Experts Project Home Prices Will Rise over the Next 5 Years

Written by Longboat Key Mortgage Mortgage Syndicated User on December 4, 2023. Posted in Buying Myths, For Buyers, For Sellers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key, Selling Myths.

Even with so much data showing home prices are actually rising in most of the country, there are still a lot of people who worry there will be another price crash in the immediate future. In fact, a recent survey from Fannie Mae shows that 23% of consumers think prices will fall over the next 12 months. That’s nearly one in four people who are dealing with that fear – maybe you’re one of them. To help ease that concern, here’s what the experts say will happen with home prices not just next year, but over the next five years. Experts Project Ongoing Appreciation While seeing a small handful...

3 Reasons To Sell Your House Before the New Year [INFOGRAPHIC]

Written by Longboat Key Mortgage Mortgage Syndicated User on December 1, 2023. Posted in For Sellers, Housing Market Updates, Infographics, Longboat Key Mortgage, Mortgage Longboat Key, Selling Myths.

Some Highlights Here are a few reasons you may not want to hold off until the new year to sell your house. Buyers looking right now are highly motivated, the supply of homes for sale is still low, and you may find buyers are more flexible with showings this time of year. Reach out to a real estate agent to determine if selling your house now is the right move for you.

Is Owning a Home Still the American Dream for Younger Buyers?

Written by Longboat Key Mortgage Mortgage Syndicated User on December 1, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key.

Everyone has their own idea of the American Dream, and it’s different for each person. But, in a recent survey by Bankrate, people were asked about the achievements they believe represent the American Dream the most. The answers show that owning a home still claims the #1 spot for many Americans today (see graph below): In fact, according to the graph, owning a home is more important to people than retiring, having a successful career, or even getting a college degree. But is the dream of homeownership still alive for younger generations? A recent survey by 1000watt dives into how...

Why the Economy Won’t Tank the Housing Market

Written by Longboat Key Mortgage Mortgage Syndicated User on November 29, 2023. Posted in Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key.

If you’re worried about a coming recession, you’re not alone. Over the past couple of years, there’s been a lot of recession talk. And many people worry, if we do have one, it would cause the unemployment rate to skyrocket. Some even fear that a spike in unemployment would lead to a rash of foreclosures similar to what happened 15 years ago. However, the latest Economic Forecasting Survey from the Wall Street Journal (WSJ) reveals that, for the first time in over a year, less than half (48%) of economists believe a recession will actually occur within the next year: “Economists are turning...

Are The Top 3 Housing Market Questions on Your Mind?

Written by Longboat Key Mortgage Mortgage Syndicated User on November 28, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers, Selling Myths.

When it comes to what’s happening in the housing market, there’s a lot of confusion going around right now. You may hear one thing in conversation with your friends, see something totally different on the news, and read something on social media that contradicts both of those thoughts. And, if you’re thinking about making a move, that can leave you with a lot of lingering questions. That’s where a trusted local real estate agent comes in. Here are the top 3 questions people are asking about today’s housing market, and the data to help answer them. 1. What’s Next for Mortgage Rates? Mortgage...

Is Wall Street Buying Up All the Homes in America?

Written by Longboat Key Mortgage Mortgage Syndicated User on November 27, 2023. Posted in Buying Myths, For Buyers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers.

If you’re thinking about buying a home, you may find yourself interested in the latest real estate headlines so you can have a pulse on all of the things that could impact your decision. If that’s the case, you’ve probably heard mention of investors, and wondered how they’re impacting the housing market right now. That could leave you asking yourself questions like: How many homes do investors own? Are institutional investors, like large Wall Street Firms, really buying up so many homes that the average person can’t find one? To answer those questions, here’s the real story of what’s happening...

Category: Mortgage Longboat Key