Sellers Have Incredible Leverage in Today’s Market

Written by Bradenton Beach Mortgage Mortgage Syndicated User on November 3, 2021. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, For Sellers, Housing Market Updates, Interest Rates, Mortgage Bradenton Beach, Move-Up Buyers, Pricing.

With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), puts it best, saying: “Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further next year.” But the sense of urgency they feel is complicated by the lack of homes for sale in today’s market. According to the latest Existing Home Sales Report from NAR: “From one year ago, the inventory of unsold homes decreased...

Housing Challenge or Housing Opportunity? It Depends.

Written by Bradenton Beach Mortgage Mortgage Syndicated User on October 29, 2021. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, For Sellers, Housing Market Updates, Interest Rates, Mortgage Bradenton Beach, Move-Up Buyers, Pricing.

The biggest challenge in real estate today is the lack of available homes for sale. The low housing supply has caused homes throughout the country to appreciate at a much faster rate than what we’ve experienced historically. There are many reasons for the limited number of homes on the market, but as you can see in the graph below, we’re well below where we’ve been for most of the past 10 years. Today, across the country, there is only a 2.4-month supply of homes available for sale. The Opportunity This lack of homes for sale is creating a challenge for many buyers who are growing frustrated...

Does Your House Have What Buyers Want?

The rise in remote work is changing what many Americans want in their homes. Many companies are choosing to delay reopening or go remote full-time, and today’s buyers are looking for homes with more space to support their work needs. As a seller, if you no longer need the extra room you have in your home, rest assured there are buyers who do. Remote Work Is Here To Stay Remote work remains a reality for many Americans. A recent poll from Garter, Inc. shows many organizations have not yet returned their offices: “. . . 66% of organizations are delaying reopening their offices due to new COVID-19...

There Are More Homes Available Now than There Were This Spring

Written by Bradenton Beach Mortgage Mortgage Syndicated User on October 27, 2021. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, For Buyers, For Sellers, Housing Market Updates, Mortgage Bradenton Beach, Move-Up Buyers.

There’s a lot of talk lately about how challenging it can be to find a home to buy. While housing inventory is still low, there are a few important things to understand about the supply of homes for sale as we move into the end of the year. The Number of Homes for Sale Usually Peaks in the Fall In the residential real estate market, trends generally follow a predictable and seasonal pattern. Typically, the number of homes available for sale (or active monthly listings) peaks in the fall. But in a chapter where so little feels normal, the question becomes: should we expect a fall peak this year? If...

Your Home Equity Is Growing [INFOGRAPHIC]

Written by Bradenton Beach Mortgage Mortgage Syndicated User on October 23, 2021. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, For Sellers, Housing Market Updates, Infographics, Mortgage Bradenton Beach, Move-Up Buyers.

Some Highlights If you’re a homeowner, today’s rising equity is great news. On average, homeowners have gained $51,500 in equity since this time last year. Whether it’s funding an education, fueling your next move, or starting a business, your home equity is a great tool you can use to power your dreams. Ready to sell? Let’s connect to talk about how you can take advantage of your rising equity to reach your goals. Content previously posted on Keeping Current Matters

Important Distinction: Homes Are Less Affordable, Not Unaffordable

Written by Bradenton Beach Mortgage Mortgage Syndicated User on October 22, 2021. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Bradenton Beach.

It’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most recent affordability statistics, we soon realize that, though homes are less affordable than they have been over the last few years, they are more affordable than they historically have been. Black Knight, a premier provider of data and analytics for the mortgage industry, just released their latest Monthly Mortgage Monitor which includes a new analysis of the affordability situation. Here’s what the report...

What Does the Future Hold for Home Prices?

Written by Bradenton Beach Mortgage Mortgage Syndicated User on October 20, 2021. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, Buying Myths, For Buyers, For Sellers, Housing Market Updates, Mortgage Bradenton Beach, Pricing, Selling Myths.

If you’re looking to buy or sell a house, chances are you’ve heard talk about today’s rising home prices. And while this increase in home values is great news for sellers, you may be wondering what the future holds. Will prices continue to rise with time, or should you expect them to fall? To answer that question, let’s first understand a few terms you may be hearing right now. Appreciation is an increase in the value of an asset. Depreciation is a decrease in the value of an asset. Deceleration is when something happens at a slower pace. It’s important to note home prices have increased,...

Sellers: Your House Could Be an Oasis for Buyers Seeking More Options

Written by Bradenton Beach Mortgage Mortgage Syndicated User on October 19, 2021. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, For Sellers, Housing Market Updates, Mortgage Bradenton Beach.

Sellers have a great opportunity this season as buyer demand still heavily outweighs the current supply of homes for sale. According to the National Association of Realtors (NAR), today’s housing inventory sits at only a 2.6-month supply. To put that into perspective, a neutral market typically features a 6-month supply. That places today’s market firmly in the sellers’ market category. That same NAR data also shows today’s inventory of single-family homes is trailing behind the level we saw last year (see graph below):Because of the ongoing supply challenges, buyers can feel like they’re wandering...

What Do Past Years Tell Us About Today’s Real Estate Market?

Written by Bradenton Beach Mortgage Mortgage Syndicated User on October 15, 2021. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, For Sellers, Housing Market Updates, Mortgage Bradenton Beach, Selling Myths.

As you follow the news, you’re likely seeing headlines discussing what’s going on in today’s housing market. Chances are high that some of the more recent storylines you’ve come across mention terms like cooling or slowing when talking about where the market is headed. But what do these terms mean? The housing market today is anything but normal, and it’s still an incredibly strong sellers’ market, especially when compared to the few years leading up to the pandemic. With that in mind, what can previous years tell us about today’s real estate market and if it’s truly slowing? We’re Still Seeing...

Don’t Wait for a Lower Mortgage Rate – It Could Cost You

Written by Bradenton Beach Mortgage Mortgage Syndicated User on October 13, 2021. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Bradenton Beach, Move-Up Buyers.

Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who worry they’ve missed out, rest assured today’s mortgage rates are still worth taking advantage of. Even today, our mortgage rates are below what they’ve been in recent decades. So, while you may not be able to lock in the rate your friend got recently, you’re still in a great position to secure a rate well...

Category: Housing Market Updates