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The Worst Home Price Declines Are Behind Us [INFOGRAPHIC]

Written by Davenport FL Mortgage Syndicated User on May 13, 2023. Posted in Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, For Buyers, For Sellers, Housing Market Updates, Infographics, Pricing.

Some HighlightsWhile home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again.Last July, prices started to decline, but around February, they began climbing back up.If you put your plans to move on hold waiting to see what would happen with home prices, reach out to a local real estate expert to discuss if now’s the right time to jump back in.

A Recession Doesn’t Equal a Housing Crisis

Written by Davenport FL Mortgage Syndicated User on May 3, 2023. Posted in Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, Housing Market Updates, Interest Rates, Pricing.

Everywhere you look, people are talking about a potential recession. And if you’re planning to buy or sell a house, this may leave you wondering if your plans are still a wise move. To help ease your mind, experts are saying that if we do officially enter a recession, it’ll be mild and short. As the Federal Reserve explained in their March meeting:“. . . the staff’s projection at the time of the March meeting included a mild recession starting later this year, with a recovery over the subsequent two years.” While a recession may be on the horizon, it won’t be one for the housing market record...

Ways To Overcome Affordability Challenges in Today’s Housing Market [INFOGRAPHIC]

Written by Davenport FL Mortgage Syndicated User on April 29, 2023. Posted in Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers, Pricing.

Some HighlightsWith so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget.You can also work with a trusted lender to consider alternative financing options and search for down payment assistance.If you’ve been searching for a home but are concerned about rising costs, make sure you have a team of trusted real estate professionals for expert advice.

The Three Factors Affecting Home Affordability Today

Written by Davenport FL Mortgage Syndicated User on April 27, 2023. Posted in Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing.

There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than just mortgage rates – it’s determined by a combination of mortgage rates, home prices, and wages.Considering how each one of these factors is changing gives you the full picture of home affordability today. Here’s the latest.1. Mortgage RatesWhile mortgage rates are higher than they were a year ago, they’ve hovered primarily between...

What Are the Experts Saying About the Spring Housing Market?

Written by Davenport FL Mortgage Syndicated User on April 26, 2023. Posted in Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing.

The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with home prices and mortgage rates, or what the best advice is for someone in your position right now.Here’s what industry experts are saying right now about the spring housing market and what it means for you:Selma Hepp, Chief Economist, CoreLogic:“We see more competition among buyers . . . Housing supply also tends to grow during the spring months. And this is also the time of year when...

Think Twice Before Waiting for Lower Home Prices

Written by Davenport FL Mortgage Syndicated User on April 18, 2023. Posted in Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, First Time Home Buyers, For Buyers, Housing Market Updates, Millennials, Move-Up Buyers, Pricing.

As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop significantly. But that’s not the best strategy.A recent survey from Zonda shows 53% of millennials are still renting right now because they’re waiting for home prices to come down. But here’s the thing: the most recent data...

Trying To Buy a Home? Hang in There.

Written by Davenport FL Mortgage Syndicated User on April 14, 2023. Posted in Buying Myths, Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing.

We’re still in a sellers’ market. And if you’re looking to buy a home, that means you’re likely facing some unique challenges, like difficulty finding a home and volatile mortgage rates. But keep in mind, there are some benefits to being a buyer in today’s market that give you good reason to stick with your search. Here are a few of them.Long-Term Benefits Outweigh Short-Term ChallengesOwning a home grows your net worth – and since building that wealth takes time, it makes sense to start as soon as you can. If you wait to buy and keep renting, you’ll miss out on those monthly housing payments...

The Key Advantage of Investing in a Home [INFOGRAPHIC]

Written by Davenport FL Mortgage Syndicated User on April 14, 2023. Posted in Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, First Time Home Buyers, For Buyers, Infographics, Pricing.

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