Where Are People Moving Today and Why?

Written by Apalachicola Mortgage Mortgage Syndicated User on August 15, 2023. Posted in Apalachicola Mortgage, Buying Myths, First Time Home Buyers, For Buyers, Mortgage Apalachicola.

Plenty of people are still moving these days. And if you’re thinking of making a move yourself, you may be considering the inventory and affordability challenges in the housing market and wondering what you can do to help offset those. A new report from Gravy Analytics provides insight into where people are searching for homes and what they’re prioritizing most right now. That information could help you plan your own move.1. People Are Moving to Cities with Lower Housing CostsOne big factor motivating where buyers are going is affordability and that’s no big surprise. People are relocating to...

Home Prices Are Back on the Rise [INFOGRAPHIC]

Written by Apalachicola Mortgage Mortgage Syndicated User on August 12, 2023. Posted in Apalachicola Mortgage, For Buyers, For Sellers, Housing Market Updates, Infographics, Mortgage Apalachicola, Pricing.

Some HighlightsLooking at monthly home price data from six expert sources shows the worst home price declines are behind us, and they’re rising again nationally.If you’ve put your plans to move on pause because you were worried about home prices crashing, this rebound is good news.Connect with a local real estate agent so you know what’s happening with prices in your area.

The Value of an Agent When Buying Your New Construction Home

Written by Apalachicola Mortgage Mortgage Syndicated User on August 10, 2023. Posted in Apalachicola Mortgage, Buying Myths, First Time Home Buyers, For Buyers, Mortgage Apalachicola.

Buying a new construction home can be an exciting experience. From being the very first owner, to customizing your home’s features, there are a lot of benefits. But navigating the complexities of buying a home that’s under construction can also be a bit overwhelming. This is where a skilled real estate agent can make all the difference.An article from The Mortgage Reports sums it up like this:“Your Realtor or real estate agent will be key to helping you navigate this process. . . . they can guide you through construction and help anticipate and solve for any possible snags along the way.”Here’s...

Four Ways You Can Use Your Home Equity

Written by Apalachicola Mortgage Mortgage Syndicated User on August 8, 2023. Posted in Apalachicola Mortgage, Buying Myths, First Time Home Buyers, For Buyers, Foreclosures, Mortgage Apalachicola, Move-Up Buyers.

If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think.According to the latest Equity Insights Report from CoreLogic, the average homeowner has more than $274,000 in equity right now. That much equity can help you achieve certain goals. In a recent article, Bankrate elaborates: “While the pandemic created serious challenges, the silver lining for anyone who owned a home was...

Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]

Written by Apalachicola Mortgage Mortgage Syndicated User on August 5, 2023. Posted in Apalachicola Mortgage, For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Mortgage Apalachicola, Pricing.

Some HighlightsWant to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth.Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are likely to ease as inflation continues to cool.Even though low inventory continues to be a challenge, experts project 5 million homes will still sell this year. That pace should pick up if rates come down.

How Inflation Affects Mortgage Rates

Written by Apalachicola Mortgage Mortgage Syndicated User on August 4, 2023. Posted in Apalachicola Mortgage, Buying Myths, For Buyers, Housing Market Updates, Interest Rates, Mortgage Apalachicola, Move-Up Buyers.

When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here’s what you need to know.The Fed is trying hard to reduce inflation. And even though there’s been 12 straight months where inflation has cooled (see graph below), the most recent data shows it’s still higher than the Fed’s target of 2%: While you may have been hoping the Fed would stop their hikes since they’re making progress on their goal of bringing down inflation, they don’t...

How To Know If You’re Ready to Buy a Home

Written by Apalachicola Mortgage Mortgage Syndicated User on August 3, 2023. Posted in Apalachicola Mortgage, Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Apalachicola.

If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices, the limited supply of homes for sale, and more. And, you’re juggling how all of those things will impact the choice you’ll make.While housing market conditions are definitely a factor in your decision, your own life and your finances may be even more important. As an article from NerdWallet says:“Housing market trends give important context. But whether this is a good time to buy a house also depends on your financial situation,...

Sellers: Don’t Let These Two Things Hold You Back

Written by Apalachicola Mortgage Mortgage Syndicated User on August 2, 2023. Posted in Apalachicola Mortgage, Buying Myths, For Buyers, For Sellers, Mortgage Apalachicola, Selling Myths.

Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles.Challenge #1: The Reluctance to Take on a Higher Mortgage RateAccording to the Federal Housing Finance Agency (FHFA), the average interest rate for current homeowners with mortgages is less than 4% (see graph below):But today, the typical 30-year fixed mortgage rate offered to buyers...

Key Housing Market Trends [INFOGRAPHIC]

Written by Apalachicola Mortgage Mortgage Syndicated User on July 29, 2023. Posted in Apalachicola Mortgage, For Buyers, For Sellers, Housing Market Updates, Infographics, Mortgage Apalachicola.

Some HighlightsIf you’re considering buying or selling a home, you’ll want to know what’s happening in the housing market.Housing inventory is still very low, prices are climbing back up, and homes are selling fast when priced right.Connect with a real estate agent if you want more information about your local area and what the trends mean for your plans to buy or sell.

Tips for Making Your Best Offer on a Home

Written by Apalachicola Mortgage Mortgage Syndicated User on July 27, 2023. Posted in Apalachicola Mortgage, Buying Myths, For Buyers, Mortgage Apalachicola.

While the wild ride that was the ‘unicorn’ years of housing is behind us, today’s market is still competitive in many areas because the supply of homes for sale is still low. If you’re looking to buy a home this season, know that the peak frenzy of bidding wars is in the rearview mirror, but you may still come up against some multiple-offer scenarios.Here are a few things to consider to help you put your best foot forward when making an offer on a home.1. Lean on a Real Estate ProfessionalRely on an agent who can support your goals and help you understand what’s happening in today’s housing...

Category: For Buyers