Written by West Palm Beach Mortgage Syndicated User on September 13, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, West Palm Beach Condo Financing, West Palm Beach Mortgage.

If you’re planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment. While you may have seen negative news over the past year about home prices, they’re doing far better than expected and are rising across the country. And data shows, experts forecast home prices will keep appreciating.Experts Project Ongoing AppreciationPulsenomics polled over 100 economists, investment strategists, and housing market analysts in the latest quarterly Home Price Expectation Survey (HPES). The results show what the panelists...

Planning to Retire? Your Equity Can Help You Make a Move

Written by West Palm Beach Mortgage Syndicated User on September 12, 2023. Posted in Demographics, For Sellers, Selling Myths, West Palm Beach Condo Financing, West Palm Beach Mortgage.

Reaching retirement is a significant milestone in life, bringing with it a lot of change and new opportunities. As the door to this exciting chapter opens, one thing you may be considering is selling your house and finding a home better suited for your evolving needs.Fortunately, you may be in a better position to make a move than you realize. Here are a few reasons why.Consider How Long You’ve Been in Your HomeFrom 1985 to 2009, the average length of time homeowners stayed in their homes was roughly six years. But according to the National Association of Realtors (NAR), that number is higher...

Flagler Memorial Bridge Adjusted Opening Schedule Trial

Written by West Palm Beach Mortgage Syndicated User on September 12, 2023. Posted in West Palm Beach Condo Financing, West Palm Beach Mortgage.

Home Price Forecasts Revised for 2023 [INFOGRAPHIC]

Written by West Palm Beach Mortgage Syndicated User on September 9, 2023. Posted in Infographics, Pricing, West Palm Beach Condo Financing, West Palm Beach Mortgage.

Some HighlightsLast year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low.While it’s normal for experts to re-forecast throughout the year, the good news for 2023 is that prices are no longer projected to decrease.Connect with your trusted real estate agent to find out what’s happening with home values in your local area.Sources https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/mortgage-finance-forecast-dec-2022.pdfhttps://www.mba.org/docs/default-source/research-and-forecasts/forecasts/2023/mortgage-finance-forecast-aug-2023.pdfhttps://www.fanniemae.com/media/45801/displayhttps://www.fanniemae.com/media/48726/displayhttps://twitter.com/NewsLambert/status/1671900591113609216...

Get Ready for Smaller, More Affordable Homes

Written by West Palm Beach Mortgage Syndicated User on September 8, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, West Palm Beach Condo Financing, West Palm Beach Mortgage.

Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options? If so, here’s some good news – based on what Ali Wolf, Chief Economist at Zonda, has to say – smaller, more affordable homes are on the way:“Buyers should expect that over the next 12 to 24 months there will be a notable increase in the number of entry-level homes available.”In some ways, smaller homes are already here. When the pandemic hit, the meaning of home changed. People needed the space their home provided not only as a place to live, but as a place to work, go to school, exercise,...

Mortgage Rates: Past, Present, and Possible Future

Written by West Palm Beach Mortgage Syndicated User on September 7, 2023. Posted in Housing Market Updates, Interest Rates, West Palm Beach Condo Financing, West Palm Beach Mortgage.

If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared to where they are now. Beyond that, it’s important to understand their relationship with inflation for insights into where mortgage rates might go in the near future.Giving Context to the Sticker ShockFreddie Mac has been tracking the 30-year fixed mortgage rate since April of...