The Return of Normal Seasonality for Home Price Appreciation

Written by Boca Raton Mortgage Syndicated User on September 27, 2023. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing, Selling Myths.

If you’re thinking of making a move, one of the biggest questions you have right now is probably: what’s happening with home prices? Despite what you may be hearing in the news, nationally, home prices aren’t falling. It’s just that price growth is beginning to normalize. Here’s the context you need to really understand that trend.In the housing market, there are predictable ebbs and flows that happen each year. It’s called seasonality. Spring is the peak homebuying season when the market is most active. That activity is typically still strong in the summer but begins to wane as the cooler months...

Beginning with Pre-Approval

Written by Boca Raton Mortgage Syndicated User on September 26, 2023. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers.

If you’re looking to buy a home this fall, there are a few things you need to know. Affordability is tight with today’s mortgage rates and rising home prices. At the same time, there’s a limited number of homes on the market right now and that’s creating some competition among buyers. But, if you’re strategic, there are ways to navigate these waters. The first thing you’ll want to do is get pre-approved for a mortgage. That way you’ll know your numbers and can set yourself up for success from the start of your home search.What Pre-Approval Does for YouTo understand why it’s such an important...

How Remote Work Helps with Your House Hunt [INFOGRAPHIC]

Written by Boca Raton Mortgage Syndicated User on September 23, 2023. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, Buying Myths, Demographics, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers.

Some HighlightsWhile remote work peaked during the pandemic, many people still work from home today.If you’re one of them, it could have an unexpected benefit when you’re looking to buy a home.If you can work from home, you might have more choices for where to live. Connect with a real estate agent to talk about your options and what’s most important to you.

The Many Non-Financial Benefits of Homeownership

Written by Boca Raton Mortgage Syndicated User on September 22, 2023. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, Buying Myths, Demographics, First Time Home Buyers, For Buyers.

Buying and owning your own home can have a big impact on your life. While there are financial reasons to become a homeowner, it’s essential to think about the non-financial benefits that make a home more than just a place to live.Here are some of the top non-financial reasons to buy a home.According to Fannie Mae, 94% of survey respondents say “Having Control Over What You Do with Your Living Space” is a top reason to own.Your home is truly your own space. If you own a home, unless there are specific homeowner association requirements, you can decorate and change it the way you like. That...

Remote Work Is Changing How Some Buyers Search for Their Dream Homes

Written by Boca Raton Mortgage Syndicated User on September 21, 2023. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, Buying Myths, First Time Home Buyers, For Buyers.

The way Americans work has changed in recent years, and remote work is at the forefront of this shift. Experts say it’ll continue to be popular for years to come and project that 36.2 million Americans will be working remotely by 2025. To give you some perspective, that’s a 417% increase compared to the pre-pandemic years when there were just 7 million remote workers.If you’re in the market to buy a home and you work remotely either full or part-time, this trend is a game-changer. It can help you overcome some of today’s affordability and housing inventory challenges.How Remote Work Helps...

Your Home Equity Can Offset Affordability Challenges

Written by Boca Raton Mortgage Syndicated User on September 20, 2023. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Sellers, Housing Market Updates, Interest Rates, Selling Myths.

Are you thinking about selling your house? If so, today’s mortgage rates may be making you wonder if that’s the right decision. Some homeowners are reluctant to sell and take on a higher mortgage rate on their next home. If you’re worried about this too, know that even though rates are high right now, so is home equity. Here’s what you need to know.Bankrate explains exactly what equity is and how it grows:“Home equity is the portion of your home that you’ve paid off and own outright. It’s the difference between what the home is worth and how much is still owed on your mortgage. As your home’s...

Are More Homes Coming onto the Market?

Written by Boca Raton Mortgage Syndicated User on September 19, 2023. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Sellers, Housing Market Updates, Selling Myths.

An important factor shaping today’s market is the number of homes for sale. And, if you’re considering whether or not to list your house, that’s one of the biggest advantages you have right now. When housing inventory is this low, your house will stand out, especially if it’s priced right.But there are some early signs that more listings are coming. According to the latest data, new listings (homeowners who just put their house up for sale) are trending up. Here’s a look at why this is noteworthy and what it may mean for you.More Homes Are Coming onto the Market than UsualIt’s well known that...

Plenty of Buyers Are Still Active Today [INFOGRAPHIC]

Written by Boca Raton Mortgage Syndicated User on September 16, 2023. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Sellers, Housing Market Updates, Infographics, Selling Myths.

Some HighlightsHolding off on selling your house because you believe there aren’t any buyers out there?Data shows buyers are still active, even with higher mortgage rates. This goes to show, people still want to buy homes, and those who can are moving now.Don’t delay your plan to sell for fear no one is buying. The opposite is true and buyer traffic is still strong today. Connect with a real estate agent to get your house in front of these buyers.

Why Is Housing Inventory So Low?

Written by Boca Raton Mortgage Syndicated User on September 15, 2023. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Buyers, For Sellers, Housing Market Updates, Interest Rates, New Construction.

One question that’s top of mind if you’re thinking about making a move today is: Why is it so hard to find a house to buy? And while it may be tempting to wait it out until you have more options, that’s probably not the best strategy. Here’s why.There aren’t enough homes available for sale, but that shortage isn’t just a today problem. It’s been a challenge for years. Let’s take a look at some of the long-term and short-term factors that have contributed to this limited supply.Underbuilding Is a Long-Standing ProblemOne of the big reasons inventory is low is because builders haven’t been building...

Should Baby Boomers Buy or Rent After Selling Their Houses?

Written by Boca Raton Mortgage Syndicated User on September 14, 2023. Posted in Baby Boomers, Boca Raton Mortgage, Boca Raton Mortgage Rates, Buying Myths, Demographics, For Buyers, Rent vs. Buy.

Are you a baby boomer who’s lived in your current house for a long time and you’re ready for a change? If you’re thinking about selling your house, you have a lot to consider. Will you move to a different state or stay nearby? Is it time to downsize or do you want more space to accommodate your loved ones? But maybe the biggest consideration boils down to this – will you buy your next home or choose to rent instead?That decision ultimately depends on your current situation and your future plans. Here are two important factors to help you decide what’s right for you.Expect Rents to Keep Going...

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