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...

Consumers Agree: It’s a Good Time To Sell

Written by Boca Raton Mortgage Syndicated User on February 8, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Sellers, Housing Market Updates, Move-Up Buyers.

In today’s sellers’ market, many homeowners are weighing their options and trying to decide if they should sell their house. If you’re in that group, you may be balancing things like the ongoing health crisis, rising mortgage rates, and your own changing needs to determine your best time to make a move. However, recent data shows that time may already be here. According to the latest Home Purchase Sentiment Index (HPSI) by Fannie Mae, 76% of consumers believe now is a good time to sell. Looking back over the past few years, its clear consumers are incredibly optimistic today. The graph below...

Why Right Now Is a Once-in-a-Lifetime Opportunity for Sellers

Written by Boca Raton Mortgage Syndicated User on February 8, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, Featured, For Sellers, Housing Market Updates.

If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for strong demand for the item coupled with a limited supply. That maximizes your leverage when you’re negotiating the sale. Home sellers are in that exact situation right now. Here’s why. Demand Is Very Strong According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), 6.18 million homes were sold in 2021. This was the largest number of home sales in 15 years. Lawrence Yun, Chief Economist for...

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