The Average Homeowner Gained More Than $55K in Equity over the Past Year

Written by West Palm Beach Mortgage Syndicated User on March 22, 2022. Posted in For Sellers, Housing Market Updates, Pricing, West Palm Beach Condo Financing, West Palm Beach Mortgage.

If you’re a current homeowner, you should know your net worth just got a big boost. It comes in the form of rising home equity. Equity is the current value of your home minus what you owe on the loan. Today, you’re building that equity far faster than you may expect – and this gain is great news for you. Here’s how it happened. Home values are on the rise thanks to low housing supply and high buyer demand. Basically, there aren’t enough homes available to meet this high buyer interest, so bidding wars are driving home prices up. When you own a home, the rising prices mean your home is worth...

Spring Cleaning Checklist for Sellers [INFOGRAPHIC]

Written by West Palm Beach Mortgage Syndicated User on March 19, 2022. Posted in For Sellers, Infographics, West Palm Beach Condo Financing, West Palm Beach Mortgage.

Some Highlights If you’re thinking about selling your house this spring, here are some things you’ll want to tackle before you list. Spend your time on tasks that make it feel inviting, show it’s cared for, and boost your curb appeal. To determine the full list of things you’ll want to tackle for your home, you need the opinion of a trusted expert. Let’s connect to help make sure your house shows well this season. Content previously posted on Keeping Current Matters

This Spring Presents Sellers with a Golden Opportunity

Written by West Palm Beach Mortgage Syndicated User on March 15, 2022. Posted in For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing, West Palm Beach Condo Financing, West Palm Beach Mortgage.

If you’re thinking of selling your house this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one. If that’s the case, you should know – you may be able to get the best of both worlds today. Here are four reasons why this spring may be your golden window of opportunity. 1. The Number of Homes on the Market Is Still Low Today’s limited supply of houses for sale is putting sellers in the driver’s seat. There are far more buyers in the market today than there are homes available....

How Global Uncertainty Is Impacting Mortgage Rates

Written by West Palm Beach Mortgage Syndicated User on March 9, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, West Palm Beach Condo Financing, West Palm Beach Mortgage.

If you’re thinking about buying or selling a home, you’ll want to keep a pulse on what’s happening with mortgage rates. Rates have been climbing in recent months, especially since January of this year. And just a few weeks ago, the 30-year fixed mortgage rate from Freddie Mac approached 4% for the first time since May of 2019. But that climb has dropped slightly over the past few weeks (see graph below): The recent decline in mortgage rates is primarily due to growing uncertainty around geopolitical tensions surrounding Russia and Ukraine. But experts say it’s to be expected. Here’s a look...

Why It’s Critical To Price Your House Right

Written by West Palm Beach Mortgage Syndicated User on March 8, 2022. Posted in For Sellers, Pricing, Selling Myths, West Palm Beach Condo Financing, West Palm Beach Mortgage.

When you make a move, you want to sell your house for the highest price possible. That might be why many homeowners are eager to list in today’s sellers’ market. After all, with record-low inventory and high buyer demand, many homes are selling for more than asking price. Data from the National Association of Realtors (NAR) shows 46% of homes are selling above list price today. But even in a market like we have now, working with an agent to set the right asking price is critical, as pricing it too high or too low could have a negative impact on your final sale. Here’s why. Pricing Your House...

Supply and Demand in Today’s Market [INFOGRAPHIC]

Written by West Palm Beach Mortgage Syndicated User on March 5, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, West Palm Beach Condo Financing, West Palm Beach Mortgage.

Some Highlights Today’s housing market is the direct result of low supply and high buyer demand. Here’s what that means for you and your plans to buy or sell. For buyers, expect competition, be ready to move fast, and be prepared to submit your strongest offer. For sellers, know your house will be the center of attention and that it’ll likely sell quickly and get multiple offers. If you’re ready to move, let’s connect to talk about our local area and how you can take advantage of today’s unprecedented housing market. Content previously posted on Keeping Current Matters

How Supply and Demand Can Impact Your Buying and Selling Goals

Written by West Palm Beach Mortgage Syndicated User on March 4, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, West Palm Beach Condo Financing, West Palm Beach Mortgage.

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 #1 Reason To Sell Your House Today

Written by West Palm Beach Mortgage Syndicated User on March 4, 2022. Posted in For Sellers, Housing Market Updates, West Palm Beach Condo Financing, West Palm Beach Mortgage.

Almost every industry is currently struggling with supply chain disruptions. This also applies to the current U.S. housing market, where buyer demand far exceeds housing supply. Purchaser demand is very strong right now. The National Association of Realtors (NAR) just released their latest Existing Home Sales Report which reveals that sales surged in January. Existing home sales rose to a seasonally adjusted annual rate of 6.5 million – an increase of 6.7% from the prior month, with sales up in all regions. However, there’s one big challenge. Inventory Is at an All-Time Low Because purchaser...

Millennials: Do You Need a Home with More Space?

Written by West Palm Beach Mortgage Syndicated User on March 4, 2022. Posted in Demographics, Down Payments, For Buyers, For Sellers, Millennials, Move-Up Buyers, West Palm Beach Condo Financing, West Palm Beach Mortgage.

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...

An Expert Advisor Will Give You the Best Advice in Today’s Market

Written by West Palm Beach Mortgage Syndicated User on March 4, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, West Palm Beach Condo Financing, West Palm Beach Mortgage.

Having an experienced guide coaching you through the process of buying or selling a home is important in a normal market – but today’s market is far from normal. As a result, an expert real estate advisor isn’t just good to have by your side, they’re essential. Today’s housing market is full of extremes. Experts project mortgage rates will continue to rise this year, and that’s driving significant demand for homes as buyers want to make their purchases before rates climb even higher. At the same time, an absence of sellers is leading to record-low housing inventory. This imbalance in supply...

Category: For Sellers