Don’t Believe Everything You Read: The Truth Many Headlines Overlook

Written by Sunny Isles Beach Mortgage Syndicated User on November 24, 2021. Posted in Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Interest Rates, Mortgage Sunny Isles Beach, Pricing, Sunny Isles Beach Beach Mortgage.

There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise. With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, we’ll continue to see a rash of troublesome headlines over the next few months. To make sure you aren’t paralyzed by a headline, turn to reliable resources for a look at what to expect from the housing market next year. There are already alarmist headlines starting...

Home Sales About To Surge? We May See a Winter Like Never Before.

Written by Sunny Isles Beach Mortgage Syndicated User on November 19, 2021. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Sunny Isles Beach, Sunny Isles Beach Beach Mortgage.

Like most industries, residential real estate has a seasonality to it. For example, toy stores sell more toys in October, November, and December than they do in any other three-month span throughout the year. More cars are sold in the U.S. during the second quarter (April, May, and June) than in any other quarter of the year. Real estate is very similar. The number of homes sold in the spring is almost always much greater than at any other time of the year. It’s even labeled as the spring buying season. Historically, the number of buyers and listings for sale significantly increase in the spring...

Sellers: You’ll Likely Get Multiple Strong Offers This Season

Written by Sunny Isles Beach Mortgage Syndicated User on November 17, 2021. Posted in For Sellers, Housing Market Updates, Mortgage Sunny Isles Beach, Sunny Isles Beach Beach Mortgage.

Are you thinking about selling your house right now, but you’re not sure you’ll have the time to do so as the holidays draw near? If so, consider this: even as the holiday season approaches, there are plenty of buyers out there, and they really want your house. Here’s why selling this winter is a win for you. Today’s buyers are still dealing with a limited number of homes for sale. Thanks to continued low inventory, those buyers are competing with one another for their dream home. And when that happens, if your house is one of the few on the market, it will rise to the top of the pool – and...

4 Things Every Renter Needs To Consider

Written by Sunny Isles Beach Mortgage Syndicated User on November 16, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Sunny Isles Beach, Rent vs. Buy, Sunny Isles Beach Beach Mortgage.

As a renter, you’re constantly faced with the same dilemma: keep renting for another year or purchase a home? Your answer depends on your current situation and future plans, but there are a number of benefits to homeownership every renter needs to consider. Here are a few things you should think about before you settle on renting for another year. 1. Rents Are Rising Quickly Rent increasing each year isn’t new. Looking back at Census data confirms rental prices have gone up consistently for decades (see graph below):If you’re a renter, you’re faced with payments that continue to climb each...

What’s Happening with Home Prices?

Written by Sunny Isles Beach Mortgage Syndicated User on November 12, 2021. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Sunny Isles Beach, Pricing, Sunny Isles Beach Beach Mortgage.

Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions. How much have home values appreciated over the last 12 months? According to the latest Home Price Index from CoreLogic, home values have increased by 18.1% compared to this time last year. Additionally, prices have gone up at an accelerated pace for each of the last eight months (see graph below):The increase in the rate of appreciation that’s shown...

Numbers Don’t Lie – It’s Still a Great Time To Sell [INFOGRAPHIC]

Written by Sunny Isles Beach Mortgage Syndicated User on November 12, 2021. Posted in For Sellers, Housing Market Updates, Infographics, Mortgage Sunny Isles Beach, Selling Myths, Sunny Isles Beach Beach Mortgage.

Some Highlights Heading into the end of the year, you might wonder if it’s still a good time to sell your house. Here’s what the latest data from the National Association of Realtors (NAR) says. Housing supply is lower than last year, and home prices are up nationwide. Meanwhile, the average home is selling fast and receiving several offers. Listing now puts your house in the spotlight, meaning it could sell quickly – and for more than you’d expect. Feeling motivated? If you’re ready to sell and capitalize on today’s market, let’s connect. Content previously posted on Keeping Current Ma...

Two Graphs That Show Why You Shouldn’t Be Upset About 3% Mortgage Rates

Written by Sunny Isles Beach Mortgage Syndicated User on November 12, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Sunny Isles Beach, Move-Up Buyers, Sunny Isles Beach Beach Mortgage.

With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts project rates will rise further in the coming months, that conversation isn’t going away any time soon. But as a homebuyer, what do rates above 3% really mean? Today’s Average Mortgage Rate Still Presents Buyers with a Great Opportunity Buyers don’t want mortgage rates to rise, as any upward movement increases your monthly mortgage payment. But it’s important to put today’s average mortgage rate into perspective....

How Sellers Win When Housing Inventory Is Low

Written by Sunny Isles Beach Mortgage Syndicated User on November 12, 2021. Posted in For Sellers, Housing Market Updates, Mortgage Sunny Isles Beach, Pricing, Sunny Isles Beach Beach Mortgage.

In today’s housing market, the number of homes for sale is much lower than the strong buyer demand. As a result, homeowners ready to sell have a significant advantage. Here are three ways today’s low inventory will set you up for a win when you sell this season. 1. Higher Prices With so many more buyers in the market than homes available for sale, homebuyers are frequently getting into bidding wars for the houses they want to purchase. According to the latest data from the National Association of Realtors (NAR), homes are receiving an average of 3.7 offers in today’s market. This buyer competition...

Sellers Have Incredible Leverage in Today’s Market

Written by Sunny Isles Beach Mortgage Syndicated User on November 12, 2021. Posted in For Sellers, Housing Market Updates, Interest Rates, Mortgage Sunny Isles Beach, Move-Up Buyers, Pricing, Sunny Isles Beach Beach Mortgage.

With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), puts it best, saying: “Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further next year.” But the sense of urgency they feel is complicated by the lack of homes for sale in today’s market. According to the latest Existing Home Sales Report from NAR: “From one year ago, the inventory of unsold homes decreased...

Experts Project Mortgage Rates Will Continue To Rise in 2022

Mortgage rates are one of several factors that impact how much you can afford if you’re buying a home. When rates are low, they help you get more house for your money. Within the last year, mortgage rates have hit the lowest point ever recorded, and they’ve hovered in the historic-low territory. But even over the past few weeks, rates have started to rise. This past week, the average 30-year fixed rate was 3.14%. What does this mean if you’re thinking about making a move? Waiting until next year will cost you more in the long run. Here’s a look at what several experts project for mortgage rates...

Category: Housing Market Updates