Reasons To Sell Your House Today [INFOGRAPHIC]

Written by West Palm Beach Mortgage Syndicated User on May 6, 2023. Posted in For Sellers, Housing Market Updates, Infographics, West Palm Beach Condo Financing, West Palm Beach Mortgage.

Some HighlightsNot sure if selling your house is the right move today? You should know there are a number of reasons it still makes sense to sell now.Your house will stand out because inventory is low. That’s why the number of offers on recently sold homes is on the rise. And most homeowners have a lot of equity that can fuel a move.If you’re thinking about selling your house, reach out to a local real estate expert to discuss if now may be the time to move.

How Homeowners Win When They Downsize

Written by West Palm Beach Mortgage Syndicated User on May 5, 2023. Posted in Demographics, For Buyers, For Sellers, West Palm Beach Condo Financing, West Palm Beach Mortgage.

Downsizing has long been a popular option when homeowners reach retirement age. But there are plenty of other life changes that could make downsizing worthwhile. Homeowners who have experienced a change in their lives or no longer feel like their house fits their needs may benefit from downsizing too. U.S. News explains:“Downsizing is somewhat common among older people and retirees who no longer have children living at home. But these days, younger people are also looking to downsize to save money on housing . . .”And when inflation has made most things significantly more expensive, saving money...

Recreation – Golf Course

Written by West Palm Beach Mortgage Syndicated User on May 5, 2023. Posted in West Palm Beach Condo Financing, West Palm Beach Mortgage.

Buyer Activity Is Up Despite Higher Mortgage Rates

Written by West Palm Beach Mortgage Syndicated User on May 4, 2023. Posted in For Sellers, Housing Market Updates, Selling Myths, West Palm Beach Condo Financing, West Palm Beach Mortgage.

If you’re a homeowner thinking about making a move, you may wonder if it’s still a good time to sell your house. Here’s the good news. Even with higher mortgage rates, buyer traffic is actually picking up speed.Data from the latest ShowingTime Showing Index, which is a measure of buyers actively touring homes, helps paint the picture of how much buyer demand has increased in recent months (see graph below):As the graph shows, the first two months of 2023 saw a noticeable increase in buyer traffic. That’s likely because the limited number of homes for sale kept shoppers looking for homes even...

Community Interests

Written by West Palm Beach Mortgage Syndicated User on May 4, 2023. Posted in West Palm Beach Condo Financing, West Palm Beach Mortgage.

A Recession Doesn’t Equal a Housing Crisis

Written by West Palm Beach Mortgage Syndicated User on May 3, 2023. Posted in Housing Market Updates, Interest Rates, Pricing, West Palm Beach Condo Financing, West Palm Beach Mortgage.

Everywhere you look, people are talking about a potential recession. And if you’re planning to buy or sell a house, this may leave you wondering if your plans are still a wise move. To help ease your mind, experts are saying that if we do officially enter a recession, it’ll be mild and short. As the Federal Reserve explained in their March meeting:“. . . the staff’s projection at the time of the March meeting included a mild recession starting later this year, with a recovery over the subsequent two years.” While a recession may be on the horizon, it won’t be one for the housing market record...

Why Buying a Home Makes More Sense Than Renting Today

Written by West Palm Beach Mortgage Syndicated User on May 2, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Rent vs. Buy, West Palm Beach Condo Financing, West Palm Beach Mortgage.

Wondering if you should continue renting or if you should buy a home this year? If so, consider this. Rental affordability is still a challenge and has been for years. That’s because, historically, rents trend up over time. Data from the Census shows rents have been climbing pretty steadily since 1988. And, data from the latest rental report from Realtor.com shows rents continue to grow today, even though it’s at a slower pace than we saw at the height of the pandemic:“In March 2023, the U.S. rental market experienced single-digit growth for the eighth month in a row . . . The median asking...

Ways To Overcome Affordability Challenges in Today’s Housing Market [INFOGRAPHIC]

Written by West Palm Beach Mortgage Syndicated User on April 29, 2023. Posted in First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers, Pricing, West Palm Beach Condo Financing, West Palm Beach Mortgage.

Some HighlightsWith so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget.You can also work with a trusted lender to consider alternative financing options and search for down payment assistance.If you’ve been searching for a home but are concerned about rising costs, make sure you have a team of trusted real estate professionals for expert advice.