How To Know If You’re Ready to Buy a Home

Written by Jupiter Beach Mortgage Syndicated User on August 3, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage.

If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices, the limited supply of homes for sale, and more. And, you’re juggling how all of those things will impact the choice you’ll make.While housing market conditions are definitely a factor in your decision, your own life and your finances may be even more important. As an article from NerdWallet says:“Housing market trends give important context. But whether this is a good time to buy a house also depends on your financial situation,...

Sellers: Don’t Let These Two Things Hold You Back

Written by Jupiter Beach Mortgage Syndicated User on August 2, 2023. Posted in Buying Myths, For Buyers, For Sellers, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Selling Myths.

Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles.Challenge #1: The Reluctance to Take on a Higher Mortgage RateAccording to the Federal Housing Finance Agency (FHFA), the average interest rate for current homeowners with mortgages is less than 4% (see graph below):But today, the typical 30-year fixed mortgage rate offered to buyers...

Key Housing Market Trends [INFOGRAPHIC]

Written by Jupiter Beach Mortgage Syndicated User on July 29, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage.

Some HighlightsIf you’re considering buying or selling a home, you’ll want to know what’s happening in the housing market.Housing inventory is still very low, prices are climbing back up, and homes are selling fast when priced right.Connect with a real estate agent if you want more information about your local area and what the trends mean for your plans to buy or sell.

Tips for Making Your Best Offer on a Home

Written by Jupiter Beach Mortgage Syndicated User on July 27, 2023. Posted in Buying Myths, For Buyers, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage.

While the wild ride that was the ‘unicorn’ years of housing is behind us, today’s market is still competitive in many areas because the supply of homes for sale is still low. If you’re looking to buy a home this season, know that the peak frenzy of bidding wars is in the rearview mirror, but you may still come up against some multiple-offer scenarios.Here are a few things to consider to help you put your best foot forward when making an offer on a home.1. Lean on a Real Estate ProfessionalRely on an agent who can support your goals and help you understand what’s happening in today’s housing...

Don’t Fall for the Next Shocking Headlines About Home Prices

Written by Jupiter Beach Mortgage Syndicated User on July 26, 2023. Posted in Buying Myths, For Buyers, Housing Market Updates, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Pricing.

If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? And it’s no surprise you don’t have the clarity you need on that topic. Part of the issue is how headlines are talking about prices.They’re basing their negative news by comparing current stats to the last few years. But you can’t compare this year to the ‘unicorn’ years (when home prices reached record highs that were unsustainable). And as prices begin to normalize now, they’re talking about it like it’s a bad thing and making people fear what’s next....

Foreclosure Numbers Today Aren’t Like 2008

Written by Jupiter Beach Mortgage Syndicated User on July 25, 2023. Posted in Distressed Properties, For Buyers, Foreclosures, Housing Market Updates, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage.

If you’ve been keeping up with the news lately, you’ve probably come across headlines talking about the increase in foreclosures in today’s housing market. This may have left you with some uncertainty, especially if you’re considering buying a home. It’s important to understand the context of these reports to know the truth about what’s happening today.According to a recent report from ATTOM, a property data provider, foreclosure filings are up 2% compared to the previous quarter and 8% since one year ago. While media headlines are drawing attention to this increase, reporting...

Real Estate Continues To Be the Best Investment [INFOGRAPHIC]

Written by Jupiter Beach Mortgage Syndicated User on July 22, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Move-Up Buyers.

Some HighlightsAccording to a recent Gallup poll, real estate has been voted the best long-term investment for 11 years in a row, beating gold, stocks, bonds, and more.Owning real estate means more than just having a home—it’s an investment in your future. That’s because it’s typically a stable and secure asset that tends to increase in value as time goes on.Connect with a local real estate agent if you’re ready to buy a home and invest in your future.

Owning Your Home Helps You Build Wealth

Written by Jupiter Beach Mortgage Syndicated User on July 21, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Rent vs. Buy.

You may have heard some people say it’s better to rent than buy a home right now. But, even today, there are lots of good reasons to become a homeowner. One of them is that owning a home is typically viewed as a good long-term investment that helps your net worth grow over time.Homeownership Builds Wealth Regardless of Income LevelYou may be surprised to learn homeowners across various income levels have a much higher net worth than renters who make the same amount. Data from First American helps illustrate this point (see graph below):What makes wealth so much higher for homeowners? A recent...

Explaining Today’s Mortgage Rates

Written by Jupiter Beach Mortgage Syndicated User on July 20, 2023. Posted in For Buyers, Housing Market Updates, Interest Rates, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage.

If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast. But, there’s one thing that’s historically a good indicator of what’ll happen with rates, and that’s the relationship between the 30-Year Mortgage Rate and the 10-Year Treasury Yield. Here’s a graph showing those two metrics since Freddie Mac started keeping mortgage rate records in 1972:As the graph shows, historically, the average spread...

Home Prices Are Rebounding

Written by Jupiter Beach Mortgage Syndicated User on July 18, 2023. Posted in Buying Myths, For Buyers, For Sellers, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Pricing, Selling Myths.

If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. If we take a year-over-year view, home prices did drop some, but that’s because we’re comparing to a ‘unicorn’ year when prices peaked well beyond the norm.To avoid an unfair comparison to that previous peak, we need to look at monthly data. And that tells a very different and much more positive story. While local home price trends still vary by market, here’s what...

Category: For Buyers