2022 Housing Market Forecast [INFOGRAPHIC]

Written by Sunny Isles Beach Mortgage Syndicated User on December 18, 2021. Posted in First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Mortgage Sunny Isles Beach, Move-Up Buyers, Pricing, Sunny Isles Beach Beach Mortgage.

Some Highlights What does the coming year hold for the housing market? Here’s what experts project for 2022. Mortgage rates are projected to rise and so are home prices. Experts are forecasting buyer demand will remain strong as people try to capitalize on rates and prices before they climb, creating another strong year for home sales. Let’s connect so you can make your best move in the new year. Content previously posted on Keeping Current Matters

What Everyone Wants To Know: Will Home Prices Decline in 2022?

Written by Sunny Isles Beach Mortgage Syndicated User on December 16, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Sunny Isles Beach, Move-Up Buyers, Pricing, Sunny Isles Beach Beach Mortgage.

If you’re thinking of buying a home in today’s housing market, you may be wondering how strong your investment will be. You might be asking yourself: if I buy a home now, will it lose value? Or will it continue to appreciate going forward? The good news is, according to the experts, home prices are not projected to decline. Here’s why. With buyers still outweighing sellers, home prices are forecast to continue climbing in 2022, just at a slower or more moderate pace. Why the continued increase? It’s the simple law of supply and demand. When there are fewer items on the market than there are...

Two Reasons Why Waiting To Buy a Home Will Cost You

Written by Sunny Isles Beach Mortgage Syndicated User on December 10, 2021. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Mortgage Sunny Isles Beach, Move-Up Buyers, Pricing, Sunny Isles Beach Beach Mortgage.

If you’re a homeowner who’s decided your current house no longer fits your needs, or a renter with a strong desire to become a homeowner, you may be hoping that waiting until next year could mean better market conditions to purchase a home. To determine whether you should buy now or wait another year, you can ask yourself two simple questions: Where will home prices be a year from now? Where will mortgage rates be a year from now? Let’s shed some light on the answers to both of these questions. Where Will Home Prices Be a Year from Now? Three major housing industry entities are projecting...

Why Now Is a Great Time To Sell Your House

Written by Sunny Isles Beach Mortgage Syndicated User on November 30, 2021. Posted in For Sellers, Housing Market Updates, Mortgage Sunny Isles Beach, Move-Up Buyers, Pricing, Selling Myths, Sunny Isles Beach Beach Mortgage.

As we near the end of the year, more homeowners are realizing the benefits of today’s sellers’ market. Record-breaking home price appreciation, growing equity, low inventory, and competitive mortgage rates are motivating homeowners to make a move that addresses their changing lifestyles. In fact, recent data from realtor.com shows a larger share of homeowners are planning to list their houses this winter. So, that means more homes are about to hit the market, which will lead to more choices for buyers too. According to George Ratiu, Manager of Economic Research at realtor.com: “The pandemic...

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...

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...

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

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, Pricing, Sunny Isles Beach Beach Mortgage.

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...

Why a Wave of Foreclosures Is Not on the Way

Written by Sunny Isles Beach Mortgage Syndicated User on November 12, 2021. Posted in Distressed Properties, Foreclosures, Housing Market Updates, Mortgage Sunny Isles Beach, Pricing, Short Sales, Sunny Isles Beach Beach Mortgage.

With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago. Here are a few reasons why that won’t happen. There are fewer homeowners in trouble this time After the last housing crash, about 9.3 million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank. As stay-at-home orders were issued early last year, the fear was the pandemic would impact the housing industry in a similar way. Many projected up to 30% of all mortgage...

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