What Would a Recession Mean for the Housing Market?

Written by Jupiter Beach Mortgage Syndicated User on August 17, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Pricing.

According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there’d be a recession by now. But this July, when polled, 49% believe we will see a recession in the coming 12 months. And as more recession talk fills the air, one concern many people have is: should I delay my homeownership plans if there’s a recession? Here’s a look at historical data to show what happened in real estate during previous recessions to help prove why...

The U.S. Homeownership Rate Is Growing

Written by Jupiter Beach Mortgage Syndicated User on August 16, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Rent vs. Buy.

The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S. population live in a home they own, and the percentage is growing with time. If you’re thinking about buying a home this year, here are just a few reasons why so many people see the value of homeownership. Why Are More People Becoming Homeowners? There are several benefits to owning your home. A significant one, especially when inflation...

Why Experts Say the Housing Market Won’t Crash [INFOGRAPHIC]

Written by Jupiter Beach Mortgage Syndicated User on August 13, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage.

Some Highlights Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways. First, there isn’t an oversupply of homes for sale today. Plus, lending standards are much tighter, and homeowners have record levels of equity. That means signs say there won’t be a wave of foreclosures like the last time. If you have questions about the housing market, let’s connect. Content previously posted on Keeping Current Matters

What Does the Rest of the Year Hold for Home Prices?

Written by Jupiter Beach Mortgage Syndicated User on August 12, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Pricing.

Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year? Let’s break down what’s happening with home prices, where experts say they’re headed, and why this matters for your homeownership goals. Last Year’s Rapid Home Price Growth Wasn’t the Norm In 2021, home prices appreciated quickly. One reason why is that record-low mortgage rates motivated more buyers to enter the market. As a result, there were more people looking to make a purchase than there were homes available for sale. That led to competitive bidding wars which drove prices...

Is the Shifting Market a Challenge or an Opportunity for Homebuyers?

Written by Jupiter Beach Mortgage Syndicated User on August 11, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Move-Up Buyers.

If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars which drove home prices up as buyers competed with one another to be the winning offer. But what was once your greatest challenge may now be your greatest opportunity. Today, data shows buyer demand is moderating in the wake of higher mortgage rates. Here are a few reasons why this shift in the housing market is good news for your homebuying plans. The Challenge There were many reasons for the limited number of homes on the market during...

Housing Market Forecast for the Rest of 2022 [INFOGRAPHIC]

Written by Jupiter Beach Mortgage Syndicated User on August 6, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Pricing.

Some Highlights The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022. Home prices are forecast to rise more moderately than last year. Mortgage rates will respond to inflation, and home sales will be more in line with pre-pandemic years. Let’s connect so you can make your best move this year. Content previously posted on Keeping Current Matters

Buying a Home May Make More Financial Sense Than Renting One

Written by Jupiter Beach Mortgage Syndicated User on August 4, 2022. Posted in First Time Home Buyers, For Buyers, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Pricing, Rent vs. Buy.

If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have risen in recent years – rental prices have skyrocketed as well. As a recent article from realtor.com says: “The median rent across the 50 largest US metropolitan areas reached $1,876 in June, a new record level for Realtor.com data for the 16th consecutive month.” That means rising prices will likely impact your housing plans either way. But there are a few key differences that could make buying a home a more worthwhile option...

3 Graphs To Show This Isn’t a Housing Bubble

Written by Jupiter Beach Mortgage Syndicated User on August 3, 2022. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage.

With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. As the housing market shifts, you may be wondering what’ll happen next. It’s only natural for concerns to creep in that it could be a repeat of what took place in 2008. The good news is, there’s concrete data to show why this is nothing like the last time. There’s a Shortage of Homes on the Market Today, Not a Surplus The supply of inventory needed to sustain a normal real estate market is approximately six months. Anything more than that is an overabundance and will causes prices to depreciate....

Why Are People Moving Today?

Written by Jupiter Beach Mortgage Syndicated User on August 2, 2022. Posted in First Time Home Buyers, For Buyers, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Move-Up Buyers.

Buying a home is a major life decision. That’s true whether you’re purchasing for the first time or selling your house to fuel a move. And if you’re planning to buy a home, you might be hearing about today’s shifting market and wondering what it means for you. While mortgage rates are higher than they were at the start of the year and home prices are rising, you shouldn’t put your plans on hold based solely on market factors. Instead, it’s necessary to consider why you want to move and how important those reasons are to you. Here are two of the biggest personal motivators driving people to...

Three Reasons To Buy a Home in Today’s Shifting Market [INFOGRAPHIC]

Written by Jupiter Beach Mortgage Syndicated User on July 30, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Move-Up Buyers.

Some Highlights The housing market is moving away from the frenzy of the past year and it’s opening doors for you if you’re thinking about buying a home. Housing inventory is increasing, which means more options for your search. Plus, the intensity of bidding wars may ease as buyer demand moderates, leading to fewer homes selling above asking price. If you’re ready to buy a home, now may be the moment you’ve been waiting for. Let’s connect to start the homebuying process today. Content previously posted on Keeping Current Matters

Category: For Buyers