What Experts Say Will Happen with Home Prices Next Year

Written by Boca Raton Mortgage Syndicated User on September 23, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Buyers, For Sellers, Housing Market Updates, Pricing.

Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long it would last. If you’re asking yourself: what’s ahead for the price of my home, know that experts are now answering this question, and its welcome news for homeowners who may have been led by the media to believe their home would lose value. Historically, home prices have appreciated at a rate near 4%. For 2023, the average of six major...

Top Reasons Homeowners Are Selling Their Houses Right Now

Written by Boca Raton Mortgage Syndicated User on September 22, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Sellers, Interest Rates, Move-Up Buyers.

Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want to lose the historically low mortgage rate they have on their current home. You may even have the same hesitation if you’re thinking about selling your house. Data shows 51% of homeowners have a mortgage rate under 4% as of April this year. And while it’s true mortgage rates are higher than that right now, there are other non-financial factors to consider when it comes to making a move. In other words, your mortgage rate is important, but you may have other things going on in...

Watching the Stock Market? Check the Value of Your Home for Good News.

Written by Boca Raton Mortgage Syndicated User on September 21, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Buyers, For Sellers, Housing Market Updates.

While watching the stock market recently may have started to feel pretty challenging, checking the value of your home should come as welcome relief in this volatile time. If you’re a homeowner, your net worth got a big boost over the past few years thanks to rising home prices. And that increase in your wealth came in the form of home equity. Here’s how it works. Equity is the current value of your home minus what you owe on the loan. Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over the past...

Will My House Still Sell in Today’s Market?

Written by Boca Raton Mortgage Syndicated User on September 20, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Sellers, Housing Market Updates, Selling Myths.

If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years. Buyer Demand Then and Now During the pandemic, mortgage rates hit record lows, and that spurred a significant rise in buyer demand. This year, as rates increased due to factors like rising inflation, buyer demand pulled back or softened as a result. The latest data from ShowingTime confirms this trend (see graph below): The...

Is the Real Estate Market Slowing Down, or Is This a Housing Bubble?

Written by Boca Raton Mortgage Syndicated User on September 15, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Buyers, For Sellers, Housing Market Updates.

The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down an overheated real estate market. Over the past two years, home prices have appreciated at an unsustainable pace causing many to ask: are things just slowing down, or is a crash coming? To answer this question, there are two things we want to understand. The first is the reality of the shift in today’s housing market. And the second is what experts are saying about home prices in the coming year. The Reality of the Shift in Today’s Housing Market The reality is we’re...

Getting Your House Ready To Sell? Work with an Agent for Expert Advice

Written by Boca Raton Mortgage Syndicated User on September 14, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Sellers, Selling Myths.

In a market that’s shifting as fast as it is today, many homeowners wonder what, if anything, needs to be renovated before they sell their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – do before selling your house. Here are some considerations a professional will guide you through. What You Need To Know About Your Local Market Since the supply of homes for sale has increased so much this year, today’s buyers have more options than they had last year. That may...

Why It’s So Important To Hire a Pro [INFOGRAPHIC]

Written by Boca Raton Mortgage Syndicated User on September 10, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Buyers, For Sellers, Infographics.

Some Highlights If you’re thinking of buying or selling a home, you’ll want a trusted real estate professional on your side for their industry experience and expert insights. The right advisor utilizes the latest technology and can help you navigate today’s home pricing and market values, the contracts and fine print, and the negotiations you’ll face. Let’s connect so you have expert advice each step of the way. Content previously posted on Keeping Current Matters

Should I Sell My House This Year?

Written by Boca Raton Mortgage Syndicated User on September 9, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Sellers, Move-Up Buyers.

There’s no denying the housing market is undergoing a shift this season as buyer demand slows and the number of homes for sale grows. But that shift actually gives you some unique benefits when you sell. Here’s a look at the key opportunities you have if you list your house this fall. Opportunity #1: You Have More Options for Your Move One of the biggest stories today is the growing supply of homes for sale. Housing inventory has been increasing since the start of the year, primarily because higher mortgage rates helped cool off the peak frenzy of buyer demand. But what you may not realize...

Here’s Why It’s Still a Sellers’ Market [INFOGRAPHIC]

Written by Boca Raton Mortgage Syndicated User on September 3, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Sellers, Housing Market Updates, Infographics, Selling Myths.

Some Highlights While buyer demand has moderated and housing supply has grown in recent months, it’s still a sellers’ market because inventory is low. The latest data shows sellers continue to benefit from serious buyers and competitive offers. In July, the average home received 2.8 offers and 39% sold over the asking price. You haven’t missed your opportunity to sell. Let’s connect to start the process today. Content previously posted on Keeping Current Matters

What’s Actually Happening with Home Prices Today?

Written by Boca Raton Mortgage Syndicated User on August 31, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Buyers, For Sellers, Housing Market Updates, Pricing.

One of the biggest questions people are asking right now is: what’s happening with home prices? There are headlines about ongoing price appreciation, but at the same time, some sellers are reducing the price of their homes. That can feel confusing and makes it more difficult to get a clear picture. Part of the challenge is that it can be hard to understand what experts are saying when the words they use sound similar. Let’s break down the differences among those terms to help clarify what’s actually happening today. Appreciation is when home prices increase. Depreciation is when home...

Category: For Sellers