Why It Makes Sense To Move Before Spring

Written by Santa Rosa Beach Mortgage Syndicated User on January 27, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Santa Rosa Beach, Move-Up Buyers, Santa Rosa Beach Mortgage.

Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up.

Why You Shouldn’t Fear Today’s Foreclosure Headlines

Written by Santa Rosa Beach Mortgage Syndicated User on January 26, 2023. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Mortgage Santa Rosa Beach, Santa Rosa Beach Mortgage.

If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s happening today. Here’s a deeper look.According to the Year-End 2022 U.S. Foreclosure Market Report from ATTOM, foreclosure filings...

The 3 Factors That Affect Home Affordability

Written by Santa Rosa Beach Mortgage Syndicated User on January 25, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Santa Rosa Beach, Move-Up Buyers, Pricing, Santa Rosa Beach Mortgage.

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares:

Have Home Values Hit Bottom?

Written by Santa Rosa Beach Mortgage Syndicated User on January 19, 2023. Posted in For Buyers, For Sellers, Mortgage Santa Rosa Beach, Pricing, Santa Rosa Beach Mortgage.

Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008.

Think Twice Before Waiting for 3% Mortgage Rates

Written by Santa Rosa Beach Mortgage Syndicated User on January 18, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Mortgage Santa Rosa Beach, Move-Up Buyers, Santa Rosa Beach Mortgage.

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.

What Past Recessions Tell Us About the Housing Market

Written by Santa Rosa Beach Mortgage Syndicated User on January 17, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Santa Rosa Beach, Santa Rosa Beach Mortgage.

It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says:

Key Terms To Know When Buying a Home [INFOGRAPHIC]

Written by Santa Rosa Beach Mortgage Syndicated User on January 14, 2023. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Infographics, Mortgage Santa Rosa Beach, Move-Up Buyers, Santa Rosa Beach Mortgage.

Today’s Housing Market Is Nothing Like 15 Years Ago

Written by Santa Rosa Beach Mortgage Syndicated User on January 12, 2023. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Mortgage Santa Rosa Beach, Santa Rosa Beach Mortgage.

There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.

What Are Your Goals in the Housing Market This Year?

Written by Santa Rosa Beach Mortgage Syndicated User on January 3, 2023. Posted in First Time Home Buyers, For Buyers, Interest Rates, Mortgage Santa Rosa Beach, Move-Up Buyers, Santa Rosa Beach Mortgage.

If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus. In the last year, high inflation had a big impact on the economy, the housing market, and likely on your wallet too. That’s why it’s critical to have a clear understanding of not just the market today, but also what you want out of it when you buy or sell a home. Danielle Hale, Chief Economist at realtor.com, explains: “The key to making a good decision in this...

Applying For a Mortgage? Here’s What You Should Avoid Once You Do.

Written by Santa Rosa Beach Mortgage Syndicated User on December 29, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Mortgage Santa Rosa Beach, Santa Rosa Beach Mortgage.

While it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after applying for your home loan. Don’t Deposit Large Sums of Cash Lenders need to source your money, and cash isn’t easily traceable. Before you deposit any amount of cash into your accounts, discuss the proper way to document your transactions with your loan officer. Don’t Make Any Large Purchases It’s not just home-related purchases that could disqualify you from...

Category: For Buyers