What’s Motivating More Buyers To Choose a Newly Built Home?

Written by Sunny Isles Beach Mortgage Syndicated User on December 27, 2024. Posted in For Buyers, Inventory, Mortgage Sunny Isles Beach, Sunny Isles Beach Beach Mortgage.

Planning to buy a home soon? Why not go for something brand-new? Because data shows a lot more buyers are seeing the appeal of new home construction these days – and you may find out it’s what you want too.The National Association of Realtors (NAR), explains that newly built homes accounted for 15% of all homes sold last year. That’s a significant increase, and is actually the highest percentage in 17 years (see graph below):To get a closer look at why so many people are opting for a brand-new home, NAR surveyed recent buyers. And here are the top reasons why new builds gained so much...

The Personal Joys of Having a Home To Call Your Own

Written by Sunny Isles Beach Mortgage Syndicated User on December 26, 2024. Posted in First-Time Buyers, For Buyers, Mortgage Sunny Isles Beach, Sunny Isles Beach Beach Mortgage.

There’s no doubt that owning a home comes with significant financial benefits. And this time of year is a great time to reflect on the other reasons why owning a home is so meaningful.A house is more than four walls and a roof – it’s a place where memories are made, connections are built, and life happens. From the sense of accomplishment that comes with owning your own home to the joy of creating a space that’s uniquely yours, the emotional connections we have to our homes can be just as important as the financial ones. Here are some of the things that turn a house into a happy home.1....

The #1 Reason People Move: To Be Closer to Family and Friends

Written by Sunny Isles Beach Mortgage Syndicated User on December 25, 2024. Posted in For Buyers, For Sellers, Mortgage Sunny Isles Beach, Sunny Isles Beach Beach Mortgage.

Have you ever thought about packing up and moving to be closer to the people who mean the most to you? Maybe you’re tired of long drives to see your family or wish your kids could spend more time with their grandparents. Clearly, a lot of other people feel the same way.According to recent data from the National Association of Realtors (NAR), the desire to be near family and friends is the #1 reason people move (see graph below):That’s because moving isn’t just about finding a new house – it’s about living a life where you’re surrounded by the people who matter most. Whether it’s catching up...

The Biggest Perks of Buying a Home This Winter

Written by Sunny Isles Beach Mortgage Syndicated User on December 19, 2024. Posted in Buying Tips, First-Time Buyers, For Buyers, Mortgage Sunny Isles Beach, Sunny Isles Beach Beach Mortgage.

Waiting for perfect market conditions often means missing out. Because what you may not realize is, if you’re ready and able to buy, this time of year could actually give you an edge. Here’s why. As the weather cools down, the housing market can too – and that works in your favor.You Likely Won’t Feel as RushedHomes tend to take a little longer to sell during this time of year. Data from the National Association of Realtors (NAR) shows the average time a house sits on the market jumps up during the winter months (see the green bars in the graph below):This is partly because fewer buyers are...

The Top 2 Reasons To Look at Newly Built Homes

Written by Sunny Isles Beach Mortgage Syndicated User on December 13, 2024. Posted in Buying Tips, First-Time Buyers, For Buyers, Inventory, Mortgage Sunny Isles Beach, Sunny Isles Beach Beach Mortgage.

When planning a move, a newly built home might not be the first thing that comes to mind. But with more brand-new homes on the market and builders focusing on smaller, more affordable options, this type of home may just be the key to crossing the homebuying finish line. Here’s why a new build is worth considering – and how an agent can help you find one that meets your needs and your budget. 1. More Newly Built Homes Are Available Right NowFirst, let’s break down the types of homes on the market. A newly built home is a house that was just built or is under construction. On the other...

Investors Are Not Buying Up All the Homes

Written by Sunny Isles Beach Mortgage Syndicated User on November 30, 2024. Posted in Economy, For Buyers, Infographics, Mortgage Sunny Isles Beach, Sunny Isles Beach Beach Mortgage.

Some HighlightsThere’s a misconception Wall Street is buying all the homes on the market. But data proves that isn’t true.?Experts agree the share of homes bought by investors is declining – and most are smaller investors, like your neighbor who owns a second home, not Wall Street.No matter what you’ve heard, the majority of homes are still being purchased by everyday homebuyers like you – not big investors. Connect with an agent if you have questions.?

How Co-Buying a Home Helps with Affordability Today

Written by Sunny Isles Beach Mortgage Syndicated User on November 27, 2024. Posted in Buying Tips, For Buyers, Mortgage Sunny Isles Beach, Sunny Isles Beach Beach Mortgage.

Buying a home in today’s market can feel like an uphill battle – especially with home prices and mortgage rates putting pressure on your budget. If you’re feeling stuck, co-buying could be one way to help you get your foot in the door. Freddie Mac says:“If you are an aspiring homeowner, buying a home with your family or friends could be an option.”But there are some things you’ll want to consider first. Let’s explore why co-buying is gaining popularity right now among some buyers and see if it may make sense for you too.What Is Co-Buying?Co-buying means buying a home with someone like...

Don’t Miss Out on the Growing Number of Down Payment Assistance Programs

Written by Sunny Isles Beach Mortgage Syndicated User on November 22, 2024. Posted in Agent Value, Buying Tips, For Buyers, Mortgage Sunny Isles Beach, Sunny Isles Beach Beach Mortgage.

With rising home prices and volatile mortgage rates, it’s important you know about every resource that could help make buying a home possible. And one thing you’ll want to be aware of is just how much the number of down payment assistance (DPA) programs has grown lately. Take a look at the graph below to see how many new programs have been added in the last year, according to data from Down Payment Resource:More Programs, More Opportunities for YouSo, what does this increase mean for you? With more programs available, there’s a higher likelihood that one of them could help you reach your...

Is Wall Street Really Buying All the Homes?

Written by Sunny Isles Beach Mortgage Syndicated User on November 20, 2024. Posted in Economy, For Buyers, Mortgage Sunny Isles Beach, Sunny Isles Beach Beach Mortgage.

Let’s be real – buying a home right now is tough. You’re scrolling through listings, rushing to open houses, and maybe even losing out to more competitive offers. Somewhere along the way, you might’ve heard the reason it’s so hard to find a home is because big Wall Street investors are swooping in and snatching up everything in sight.But here’s the thing: that’s mostly a myth. While investors are part of the market, according to Redfin, they’re a relatively small part:Here’s what that means. Five out of every six homes are being purchased by everyday homebuyers like you – not big...

More Homes, Slower Price Growth – What It Means for You as a Buyer

Written by Sunny Isles Beach Mortgage Syndicated User on November 14, 2024. Posted in For Buyers, Home Prices, Inventory, Mortgage Sunny Isles Beach, Sunny Isles Beach Beach Mortgage.

There are more homes on the market right now than there have been in years – and that could be a game changer for you if you’re ready to buy. Let’s look at two reasons why.You Have More Options To Choose FromAn article from Realtor.com helps explain just how much the number of homes for sale has gone up this year:“There were 29.2% more homes actively for sale on a typical day in October compared with the same time in 2023, marking the twelfth consecutive month of annual inventory growth and the highest count since December 2019.”And while the number of homes on the market still isn’t quite...

Category: For Buyers