Oops! Home Prices Didn’t Crash After All

Written by Longboat Key Mortgage Mortgage Syndicated User on June 5, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key, Pricing.

During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year. Here are a few of those forecasts: Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School of Business: “I expect housing prices fall 10% to 15%, and the housing prices are accelerating on the downside.” Mark Zandi, Chief Economist at Moody’s Analytics: “Buckle in. Assuming rates remain near their current 6.5% and the economy skirts recession, then national house prices will fall almost 10% peak-to-trough. Most of those declines will happen sooner...

Reasons To Own Your Home [INFOGRAPHIC]

Written by Longboat Key Mortgage Mortgage Syndicated User on June 2, 2023. Posted in First Time Home Buyers, For Buyers, Infographics, Longboat Key Mortgage, Mortgage Longboat Key.

Some Highlights June is National Homeownership Month, and it’s a perfect time to think about all the benefits that come with owning your home. Owning a home not only makes you feel proud and accomplished, but it’s also a big step toward having a secure and stable financial future. Are you ready to enjoy all the amazing advantages that come with owning a home? Get in touch with a local real estate agent to start the process today.

The True Value of Homeownership

Written by Longboat Key Mortgage Mortgage Syndicated User on June 1, 2023. Posted in First Time Home Buyers, For Buyers, Longboat Key Mortgage, Mortgage Longboat Key.

Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging. And with June being National Homeownership Month, it’s the perfect time to think about all the benefits homeownership provides. Of course, there are financial reasons to buy a house, but it’s important to consider the non-financial benefits that make a home more than just where you live. Here are three ways owning your home can give you a sense of accomplishment, happiness, and pride. You May Feel Happier and More Fulfilled Owning a home is associated with better mental health...

Keys to Success for First-Time Homebuyers

Written by Longboat Key Mortgage Mortgage Syndicated User on May 31, 2023. Posted in Down Payments, First Time Home Buyers, For Buyers, Longboat Key Mortgage, Mortgage Longboat Key.

Buying your first home is an exciting decision and a major milestone that has the power to change your life for the better. As a first-time homebuyer, it’s a vision you can bring to life, but, as the National Association of Realtors (NAR) shares, you’ll have to overcome some factors that have made it more challenging in recent years: “Since 2011, the share of first-time home buyers has been under the historical norm of 40% as buyers face tight inventory, rising home prices, rising rents and high student debt loads.” That said, if you’re looking to purchase your first home, here are two things...

Today’s Real Estate Market: The ‘Unicorns’ Have Galloped Off

Written by Longboat Key Mortgage Mortgage Syndicated User on May 30, 2023. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key, Pricing.

Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared. Comparing this year’s numbers to the two ‘unicorn’ years we just experienced is almost worthless. By ‘unicorn,’ this is the less common definition of the word: “Something that is greatly desired but difficult or impossible to find.” The pandemic profoundly changed real estate over the last few...

Moving Now Can Give Your House Its Day in the Sun [INFOGRAPHIC]

Written by Longboat Key Mortgage Mortgage Syndicated User on May 26, 2023. Posted in For Sellers, Infographics, Longboat Key Mortgage, Mortgage Longboat Key.

Some Highlights If you want to sell your house, consider doing it this summer. The days are longer, the weather is warmer, and it’s a great time for sellers. If your needs have changed, now’s the time to capitalize on the low inventory and multiple offers in today’s sellers’ market. Connect with a local real estate agent today if you’re ready to sell your house and move to a home that meets your changing needs.

The Benefits of Selling Now, According to Experts

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

If you’re trying to decide if now’s the time to sell your house, here’s what you should know. The limited number of homes available right now gives you a big advantage. That’s because there are more buyers out there than there are homes for sale. And, with so few homes on the market, buyers will have fewer options, so you set yourself up to get the most eyes possible on your house. Here’s what industry experts are saying about why selling now has its benefits: Lawrence Yun, Chief Economist at the National Association of Realtors (NAR): “Inventory levels are still at historic lows. Consequently,...

Owning a Home Helps Protect Against Inflation

Written by Longboat Key Mortgage Mortgage Syndicated User on May 24, 2023. Posted in First Time Home Buyers, For Buyers, Longboat Key Mortgage, Mortgage Longboat Key, Rent vs. Buy.

You’re probably feeling the impact of high inflation every day as prices have gone up on groceries, gas, and more. If you’re a renter, you’re likely experiencing it a lot as your rent continues to rise. Between all of those elevated costs and uncertainty about a potential recession, you may be wondering if it still makes sense to buy a home today. The short answer is – it does. Here’s why. Homeownership actually shields you from the rising costs inflation brings. Freddie Mac explains how: “Not only will buying today help you begin to build equity, a fixed-rate mortgage can stabilize your...

Why Buying a Vacation Home Beats Renting One This Summer

Written by Longboat Key Mortgage Mortgage Syndicated User on May 23, 2023. Posted in For Buyers, Longboat Key Mortgage, Mortgage Longboat Key.

For many of us, visiting the same vacation spot every year is a summer tradition that’s fun, relaxing, and restful. If that sounds like you, now’s the time to think about your plans and determine if buying a vacation home this year makes more sense than renting one again. According to Forbes: “. . . if the idea of vacationing at the same place every year makes you feel instantaneously relaxed, buying a vacation home might be a wise move.” To help you decide if making a move like this is right for you, let’s explore why you may want to consider purchasing a vacation home today. Benefits...

Why Buyers Need an Expert Agent by Their Side

Written by Longboat Key Mortgage Mortgage Syndicated User on May 22, 2023. Posted in First Time Home Buyers, For Buyers, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers.

The process of buying a home can feel a bit intimidating, even under normal circumstances. But today’s market is still anything but normal. There continues to be a very limited number of homes for sale, and that’s creating bidding wars and driving home prices back up as buyers compete over the available homes. Navigating all of this can be daunting if you’re trying to do it alone. That’s why having a skilled expert to guide you through the homebuying process is essential, especially today. Bankrate shares this perspective: “Advice and guidance from a professional real estate agent...

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