Millennials: Do You Need a Home with More Space?

Written by Boca Raton Mortgage Syndicated User on March 1, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, Demographics, Down Payments, For Buyers, For Sellers, Millennials, Move-Up Buyers.

If you’re a millennial, homebuying might be top of mind for you. Your generation is the largest group of homebuyers in the market today and has been since 2014, according to the National Association of Realtors (NAR). And while other millennials are looking to buy for the first time, you may be one of the many who are now discovering you’ve outgrown your home. If that’s the case, you’re not alone. The past two years brought about significant changes for many people, and today, homeowners are reevaluating what they truly need in a home. As a recent report from the Wall Street Journal states: “They...

The Difference Between Renting and Owning [INFOGRAPHIC]

Written by Boca Raton Mortgage Syndicated User on February 26, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Rent vs. Buy.

Some Highlights If you’re deciding whether to rent or buy, consider the many financial benefits that come with owning a home. As a renter, you build your landlord’s wealth and face rising costs. As a homeowner, you build your own net worth and can lock in your monthly payments for the length of your loan. If you’re weighing your options, remember that owning a home is a decision that has considerable financial perks. If you want to learn more, let’s connect to talk about the perks of homeownership. Content previously posted on Keeping Current Matters

How Supply and Demand Can Impact Your Buying and Selling Goals

Written by Boca Raton Mortgage Syndicated User on February 24, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Buyers, For Sellers, Housing Market Updates.

In today’s housing market, there are far more buyers looking for homes than sellers listing their houses. Based on the concept of supply and demand, this means home prices will naturally rise. Why is that? When there are more people trying to buy an item than there are making that item available for sale, that drives prices up. And that’s exactly the case in today’s housing market. So, knowing what’s happening with the inventory of homes for sale and the demand for housing is crucial for today’s buyers and sellers. Nationally, Demand Is High and Supply Is Very Low The latest buyer and seller...

The Perks of Owning More Than One Home

Written by Boca Raton Mortgage Syndicated User on February 23, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Buyers, Luxury Market, Move-Up Buyers.

Many things have changed over the past couple of years, and real estate is no exception. One impact is an increased desire to own more than one home. According to the recent Luxury Market Report from Luxury Home Marketing: “As trends such as remote working and flexi-hours took hold in 2021, so too did the flexibility of relocating as well as the growth of second homeownership.” This may be because the pandemic has altered how we think about our homes. Where we live has become, more than ever, our safe space and our getaway. And with the rise in remote work, more people are reconsidering where...

Real Estate Voted the Best Investment Eight Years in a Row

Written by Boca Raton Mortgage Syndicated User on February 22, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy.

In an annual Gallup poll, Americans chose real estate as the best long-term investment. And it’s not the first time it’s topped the list, either. Real estate has been on a winning streak for the past eight years, consistently gaining traction as the best long-term investment (see graph below): If you’re thinking about purchasing a home this year, this poll should reassure you. Even when inflation is rising like it is today, Americans agree an investment like real estate truly shines. Why Is Real Estate a Great Investment During Times of High Inflation? With inflation reaching its highest level...

Are You Ready To Fall in Love with Homeownership?

Written by Boca Raton Mortgage Syndicated User on February 15, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, First Time Home Buyers, For Buyers.

Financial benefits are always a key aspect of homeownership, but it’s also important to understand that the nonfinancial and personal benefits are why so many people genuinely fall in love with their homes. When you own your home, you likely feel a sense of emotional attachment because of the comfort it provides, but also because it’s a space that’s truly yours. Over the past two years, we’ve learned to love our homes even more as we’ve stayed home more than ever due to the ongoing pandemic. As a result, the personal and emotional benefits our homes provide have become even more important to...

How To Win as a Buyer in a Sellers’ Market [INFOGRAPHIC]

Written by Boca Raton Mortgage Syndicated User on February 12, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, Down Payments, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers.

Some Highlights Even in today’s sellers’ market, there are still ways for buyers to win big. Build a team of trusted professionals and make strategic plays as you budget and pick your desired neighborhoods. Then, be ready for the competition by getting a pre-approval letter and leaning on your expert advisors to draft a winning offer. In a sellers’ market, you can still be the champion if you have the right team and strategy. Let’s connect today to make your game-winning play. Content previously posted on Keeping Current Matters

The Path To Homeownership Can Be Steeper for Some Americans

Written by Boca Raton Mortgage Syndicated User on February 10, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, Demographics, First Time Home Buyers, For Buyers, Housing Market Updates.

As we celebrate Black History Month, we honor and recognize the past and present experiences of Black Americans. A significant part of this experience is investing in a home of their own. While equitable access to housing has come a long way, the path to homeownership is still steeper for households of color. It’s an important experience to talk about, along with how working with the right real estate experts can make all the difference for diverse homebuyers. We know it’s a more challenging journey to achieve homeownership for some because there’s still a measurable gap between the overall...

Don’t Let Student Loans Delay Your Homeownership Dreams

Written by Boca Raton Mortgage Syndicated User on February 9, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, Buying Myths, Down Payments, First Time Home Buyers, For Buyers.

If you’re looking to buy a home, you may be wondering how your student loan debt could impact those plans. Do you have to wait until you’ve paid off your student loans before you can buy your first home? Or could you qualify for a home loan with that debt? To give you the answers you’re searching for, let’s take a look at what recent data shows. That way, you know what to expect and what to do next to achieve your dream of becoming a homeowner. While everyone’s situation is unique, your goal may be more within your reach than you realize. Do you have to delay your plans because of student loans? If...

The Top Indicator if You Want To Know Where Mortgage Rates Are Heading

Written by Boca Raton Mortgage Syndicated User on February 8, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers.

Mortgage rates have increased significantly since the beginning of the year. Each Thursday, Freddie Mac releases its Primary Mortgage Market Survey. According to the latest survey, the average 30-year fixed-rate mortgage has risen from 3.22% at the start of the year to 3.55% as of last week. This is important to note because any increase in mortgage rates changes what a purchaser can afford. To give you an idea of how rising mortgage rates impact your purchasing power, see the table below: How Can You Know Where Mortgage Rates Are Headed? While it’s always difficult to know exactly where mortgage...

Category: For Buyers