Don’t Let Rising Inflation Delay Your Homeownership Plans [INFOGRAPHIC]

Written by Santa Rosa Beach Mortgage Syndicated User on May 21, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Mortgage Santa Rosa Beach, Santa Rosa Beach Mortgage.

Some Highlights If recent headlines about rising inflation are making you wonder if it’s still a good time to buy, here’s what experts have to say. Housing is an asset that typically grows in value. Plus, your mortgage helps stabilize your monthly housing costs, and buying protects you from rising rents. Experts say owning a home is historically a good hedge against inflation. Let’s connect if you’re ready to start the homebuying process today. Content previously posted on Keeping Current Matters

The One Thing Every Homeowner Needs To Know About a Recession

Written by Santa Rosa Beach Mortgage Syndicated User on May 20, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Santa Rosa Beach, Santa Rosa Beach Mortgage.

A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value. The National Bureau of Economic Research (NBER) defines a recession this way: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its...

How Homeownership Can Bring You Joy

Written by Santa Rosa Beach Mortgage Syndicated User on May 19, 2022. Posted in First Time Home Buyers, For Buyers, Mortgage Santa Rosa Beach, Rent vs. Buy, Santa Rosa Beach Mortgage.

If you’re trying to decide whether to rent or buy a home, you’re probably weighing a few different factors. The financial benefits of homeownership might be one of the reasons you want to make a purchase if you’re a renter, but the decision can also be motivated by having a place that’s uniquely your own. If you want to express yourself by upgrading and customizing your living space but are feeling held back by your rental agreement, it might be time to consider the perks of owning your home. A Little Change Can Bring Lots of Joy There’s a significant level of pride that comes from owning a...

Why Rising Mortgage Rates Push Buyers off the Fence

Written by Santa Rosa Beach Mortgage Syndicated User on May 18, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Santa Rosa Beach, Move-Up Buyers, Santa Rosa Beach Mortgage.

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in one of two ways: they’re either making the decision to buy now before rates climb higher or they’re waiting it out in hopes rates will fall. Let’s look at some context that can help you understand why so many buyers are jumping off the fence and into action rather than waiting to buy. A...

Are There More Homes Coming to the Market?

Written by Santa Rosa Beach Mortgage Syndicated User on May 12, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Santa Rosa Beach, Move-Up Buyers, Santa Rosa Beach Mortgage.

According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes for sale is so low today. If you’re looking to buy a home, you may have noticed this yourself. But there is good news. Recent data shows more sellers are listing their houses this season, which may give you more options for your home search. Early Signs Inventory May Be Growing The latest data from realtor.com shows the number of listings coming onto the market, known...

Will Home Prices Fall This Year? Here’s What Experts Say.

Written by Santa Rosa Beach Mortgage Syndicated User on May 11, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Santa Rosa Beach, Move-Up Buyers, Pricing, Santa Rosa Beach Mortgage.

Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals. What’s Happening with Home Prices? Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says: “Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%.” So why are prices climbing so much? It’s because there are more buyers than...

How Today’s Mortgage Rates Impact Your Home Purchase

Written by Santa Rosa Beach Mortgage Syndicated User on May 10, 2022. Posted in First Time Home Buyers, For Buyers, Interest Rates, Mortgage Santa Rosa Beach, Move-Up Buyers, Pricing, Santa Rosa Beach Mortgage.

If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does the monthly payment you’re able to lock in on your home loan. In a rising-rate environment like we’re in today, that could limit your future purchasing power. Today, the average 30-year fixed mortgage rate is above 5%, and in the near term, experts say...

Three Tips for First-Time Homebuyers

Written by Santa Rosa Beach Mortgage Syndicated User on May 6, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Mortgage Santa Rosa Beach, Santa Rosa Beach Mortgage.

Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you’re looking to purchase your first home, you may be wondering what’s happening in the housing market today, how much you need to save, and where to start. Here are three things that can help give you the information you need to confidently pursue your dream of homeownership. 1. Consider All Options When the Number of Homes for Sale Is Low Today, there are far more buyers in the market than there are homes available for sale....

Things That Could Help You Win a Bidding War on a Home

Written by Santa Rosa Beach Mortgage Syndicated User on May 4, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Mortgage Santa Rosa Beach, Move-Up Buyers, Pricing, Santa Rosa Beach Mortgage.

With a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, homes are getting an average of 4.8 offers per sale. Here’s a look at how that breaks down state-by-state (see map below): The same report from NAR shows the average buyer made two offers before getting their third offer accepted. In this type of competitive housing market, it’s important to know what levers you can pull to help you beat the competition....

The Dream of Homeownership Is Worth the Effort

Written by Santa Rosa Beach Mortgage Syndicated User on April 28, 2022. Posted in First Time Home Buyers, For Buyers, Mortgage Santa Rosa Beach, Santa Rosa Beach Mortgage.

If you’re in the market to buy a home this season, stick with it. Homebuyers face challenges in any market, and today’s is no exception. But if you persevere, your decision to purchase a home will be worth the effort in the end. In fact, a recent survey from Bankrate shows homeownership is so powerful that: “Nearly three in four homeowners say they would still buy their current home if they had it to do [sic] all over again.” That means the results – owning a home and the benefits that come with it – outweigh the effort needed to achieve their goal. If you’re a homebuyer, let that provide...

Category: For Buyers