Home Prices Are Back on the Rise [INFOGRAPHIC]

Written by Jupiter Beach Mortgage Syndicated User on August 12, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Pricing.

Some HighlightsLooking at monthly home price data from six expert sources shows the worst home price declines are behind us, and they’re rising again nationally.If you’ve put your plans to move on pause because you were worried about home prices crashing, this rebound is good news.Connect with a local real estate agent so you know what’s happening with prices in your area.

Florida Mortgage | Don’t Wait for Home Prices To Fall

Written by Jupiter Beach Mortgage Syndicated User on August 11, 2023. Posted in Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage.

Florida Mortgage | Don’t Wait for Home Prices To Fall If you’ve put your plans on hold hoping home prices will fall more, you should know: the worst home price declines are already behind us. Let’s connect if you’re ready to move to get the process started. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany #mortgagetips

About 11,000 Houses Will Sell Today

Written by Jupiter Beach Mortgage Syndicated User on August 11, 2023. Posted in For Sellers, Housing Market Updates, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Selling Myths.

Some homeowners have been waiting for months to put their house on the market because they don’t think people are buying homes right now. If that’s you, know that even though the housing market has slowed compared to the frenzy of a couple of years ago, it isn’t at a standstill. Contrary to what you may believe, buyers are still active and plenty of homes are selling right now.According to the National Association of Realtors (NAR), based on the pace of sales right now, just over 4 million homes will sell this year. With some simple math, let’s break down what that really means for you:4.16...

The Value of an Agent When Buying Your New Construction Home

Written by Jupiter Beach Mortgage Syndicated User on August 10, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage.

Buying a new construction home can be an exciting experience. From being the very first owner, to customizing your home’s features, there are a lot of benefits. But navigating the complexities of buying a home that’s under construction can also be a bit overwhelming. This is where a skilled real estate agent can make all the difference.An article from The Mortgage Reports sums it up like this:“Your Realtor or real estate agent will be key to helping you navigate this process. . . . they can guide you through construction and help anticipate and solve for any possible snags along the way.”Here’s...

There’s Only Half the Inventory of a Normal Housing Market Today

Written by Jupiter Beach Mortgage Syndicated User on August 9, 2023. Posted in For Sellers, Housing Market Updates, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Selling Myths.

Wondering if it still makes sense to sell your house right now? The short answer is, yes. Especially if you consider how few homes there are for sale today.You may have heard inventory is low right now, but you may not fully realize just how low or why that’s a perk when you go to sell your house. This graph from Calculated Risk can help put that into perspective: As the graph shows, while housing inventory did grow slightly week-over-week (shown in the blue bar), overall supply is still low (shown in the red bars). Compared to the same week last year, supply is down roughly 10% – and it was...

Four Ways You Can Use Your Home Equity

Written by Jupiter Beach Mortgage Syndicated User on August 8, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Foreclosures, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Move-Up Buyers.

If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think.According to the latest Equity Insights Report from CoreLogic, the average homeowner has more than $274,000 in equity right now. That much equity can help you achieve certain goals. In a recent article, Bankrate elaborates: “While the pandemic created serious challenges, the silver lining for anyone who owned a home was...

Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]

Written by Jupiter Beach Mortgage Syndicated User on August 5, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Pricing.

Some HighlightsWant to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth.Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are likely to ease as inflation continues to cool.Even though low inventory continues to be a challenge, experts project 5 million homes will still sell this year. That pace should pick up if rates come down.

How Inflation Affects Mortgage Rates

Written by Jupiter Beach Mortgage Syndicated User on August 4, 2023. Posted in Buying Myths, For Buyers, Housing Market Updates, Interest Rates, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Move-Up Buyers.

When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here’s what you need to know.The Fed is trying hard to reduce inflation. And even though there’s been 12 straight months where inflation has cooled (see graph below), the most recent data shows it’s still higher than the Fed’s target of 2%: While you may have been hoping the Fed would stop their hikes since they’re making progress on their goal of bringing down inflation, they don’t...

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...

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