What Will It Take for Prices To Come Down?

Written by Apalachicola Mortgage Mortgage Syndicated User on December 11, 2024. Posted in Affordability, Apalachicola Mortgage, Home Prices, Inventory, Mortgage Apalachicola.

You may be wondering if home prices are going to crash. And believe it or not, some people might even be hoping this happens so they can finally purchase a more affordable home. But experts agree that’s not what’s in the cards – and here’s why.There are more people who want to buy a home than there are homes available to purchase. That’s what drives prices up.Let’s break that down and explore why, nationally, home prices aren’t going to be coming down anytime soon.Prices Depend on Supply and DemandThe housing market works like any other market – when demand is high and supply...

Why This Winter Is the Sweet Spot for Selling

Written by Apalachicola Mortgage Mortgage Syndicated User on December 7, 2024. Posted in Apalachicola Mortgage, For Sellers, Infographics, Inventory, Mortgage Apalachicola.

Some HighlightsThinking about selling your house? Here are a few reasons why you may want to do it this season.Buyers looking right now are serious about moving and the number of homes for sale is typically lower this time of year – helping your house stand out.While inventory is higher this year than it’s been in the last few winters, you’ll still be in this year’s sweet spot.

Don’t Let These Two Concerns Hold You Back from Selling Your House

Written by Apalachicola Mortgage Mortgage Syndicated User on November 19, 2024. Posted in Apalachicola Mortgage, For Sellers, Inventory, Mortgage Apalachicola.

If you’re debating whether or not you want to sell right now, it might be because you’ve got some unanswered questions, like if moving really makes sense in today’s market. Maybe you’re wondering if it’s even a good idea to move right now. Or you’re stressed because you think you won’t find a house you like.To put your mind at ease, here’s how to tackle these two concerns head-on.Is It Even a Good Idea To Move Right Now?If you own a home already, you may have been holding off because you don’t want to sell and take on a higher mortgage rate on your next house. But your move may be a lot...

More Homes, Slower Price Growth – What It Means for You as a Buyer

Written by Apalachicola Mortgage Mortgage Syndicated User on November 14, 2024. Posted in Apalachicola Mortgage, For Buyers, Home Prices, Inventory, Mortgage Apalachicola.

There are more homes on the market right now than there have been in years – and that could be a game changer for you if you’re ready to buy. Let’s look at two reasons why.You Have More Options To Choose FromAn article from Realtor.com helps explain just how much the number of homes for sale has gone up this year:“There were 29.2% more homes actively for sale on a typical day in October compared with the same time in 2023, marking the twelfth consecutive month of annual inventory growth and the highest count since December 2019.”And while the number of homes on the market still isn’t quite back...

Why Your House Will Shine in Today’s Market

Written by Apalachicola Mortgage Mortgage Syndicated User on October 29, 2024. Posted in Apalachicola Mortgage, For Sellers, Inventory, Mortgage Apalachicola.

Even though there are more homes available for sale than there were at this time last year, there are still more buyers than there are houses to choose from. So, know that if you’ve got moving on your mind, your house can really stand out.There are several key reasons why there aren’t enough homes to go around and understanding them will help you see why the market is working in your favor if you’re ready to make a move.What’s Causing the Shortage?1. Underproduction of Homes: For years, the industry hasn’t built enough homes to keep up with demand. As Zillow explains:“In 2022, 1.4 million homes...

Two Reasons Why the Housing Market Won’t Crash

Written by Apalachicola Mortgage Mortgage Syndicated User on October 10, 2024. Posted in Apalachicola Mortgage, Economy, Inventory, Mortgage Apalachicola.

You may have heard chatter recently about the economy and talk about a possible recession. It’s no surprise that kind of noise gets some people worried about a housing market crash. Maybe you’re one of them. But here’s the good news – there’s no need to panic. The housing market is not set up for a crash right now.Real estate journalist Michele Lerner says:“A housing market crash happens when home values plummet due to a lack of demand for homes or an oversupply.”With that definition in mind, here are two reasons why this just isn’t on the horizon.1. Demand for Homes Is Higher than SupplyOne...

Buying Beats Renting in 22 Major U.S. Cities

Written by Apalachicola Mortgage Mortgage Syndicated User on October 1, 2024. Posted in Affordability, Apalachicola Mortgage, For Buyers, Home Prices, Inventory, Mortgage Apalachicola, Mortgage Rates.

That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments (see chart below):As mortgage rates have eased off their recent peak, home prices have moderated, and inventory has ticked up, affordability has improved significantly. When you add all of that up, it’s getting less expensive to buy a home than to rent one in many parts of the country.This is a big deal if you’ve been renting for a while now. But if you don’t see your city on this list, don’t sweat it. Things are moving fast, and your area might...

The Best Time To Buy a Home This Year

Written by Apalachicola Mortgage Mortgage Syndicated User on September 17, 2024. Posted in Apalachicola Mortgage, Buying Tips, For Buyers, Inventory, Mortgage Apalachicola, Mortgage Rates.

A shift is underway in the housing market this season. And if you’ve been sitting on the sidelines waiting for the right moment to jump back into your homebuying search, this is a great time to do it. That’s because the best week to buy a home this year is just around the corner. Your sweet spot is here. The experts at Realtor.com study seasonal trends to figure out the ideal week for homebuyers:“Nationally, the best time to buy in 2024 is the week of Sept. 29–Oct. 5. This week historically has shown the best balance of market conditions that favor buyers. Inventory tends to be high, prices...

The Surprising Amount of Home Equity You’ve Gained over the Years

Written by Apalachicola Mortgage Mortgage Syndicated User on September 10, 2024. Posted in Apalachicola Mortgage, For Sellers, Home Prices, Inventory, Mortgage Apalachicola.

There are a number of reasons you may be thinking about selling your house. And as you weigh your options, you may find you’re unsure how you’re going to deal with one thing about today’s housing market – and that’s affordability. If that’s your biggest concern, understanding how much equity you have in your house could help make your decision that much easier. Here are two key factors that have a big impact on your equity.How Long You’ve Been in Your HomeFirst up is homeowner tenure. That’s how long homeowners live in a house, on average, before selling or choosing to move. From 1985 to 2009,...

Are We Heading into a Balanced Market?

Written by Apalachicola Mortgage Mortgage Syndicated User on August 30, 2024. Posted in Apalachicola Mortgage, For Buyers, For Sellers, Inventory, Mortgage Apalachicola.

If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know.What Is a Balanced Market?A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a more balanced...

Category: Inventory