Down Payment Assistance Programs Can Help You Achieve Homeownership

Written by West Palm Beach Mortgage Syndicated User on March 4, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers, West Palm Beach Condo Financing, West Palm Beach Mortgage.

For many homebuyers, the thought of saving for a down payment can feel daunting, especially in today’s market. That’s why, when asked what they find most difficult in the homebuying process, some buyers say it’s one of the hardest steps on the path to homeownership. Data from the National Association of Realtors (NAR) shows: “For first-time home buyers, 29 percent said saving for a downpayment [sic] was the most difficult step in the process.” If you’re finding that your down payment is your biggest hurdle, the good news is there are many down payment assistance programs available that can...

Are Home Prices Continuing To Rise?

Written by West Palm Beach Mortgage Syndicated User on March 4, 2022. Posted in First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing, West Palm Beach Condo Financing, West Palm Beach Mortgage.

Many analysts projected home price appreciation would slow dramatically in the fall of 2021 and then continue to soften throughout 2022. So far, that hasn’t happened. The major price indices are all revealing ongoing double-digit price appreciation. Here’s a look at their reports on year-over-year price appreciation for December: Federal Housing Finance Agency (FHFA): 17.6% S&P Case-Shiller: 18.8% CoreLogic: 18.5% To show that they’re not seeing signs of softening, here’s a graph that gives the progression of all three indices for each month of 2021. As the graph above reveals, last...

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