Home Price Deceleration Doesn’t Mean Home Price Depreciation

Written by Bradenton Beach Mortgage Mortgage Syndicated User on June 17, 2022. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, For Buyers, For Sellers, Housing Market Updates, Mortgage Bradenton Beach, Pricing.

Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look at a few terms you may hear: Appreciation is when home prices increase. Depreciation is when home prices decrease. Deceleration is when home prices continue to appreciate, but at a slower pace. Where Home Prices Have Been in Recent Years For starters, you’ve probably heard home prices have skyrocketed over...

Why You Need an Expert To Determine the Right Price for Your House

Written by Bradenton Beach Mortgage Mortgage Syndicated User on June 7, 2022. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, For Sellers, Mortgage Bradenton Beach, Pricing, Selling Myths.

If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans. With homes continuing to get multiple offers, this could be your moment to get the contract you’re looking for on your house if you’re ready to sell. And here’s the thing – you need an expert on your side to ensure you make all the right moves when you do, especially when it comes to pricing your house. Even in this competitive market, you can’t stick just any price tag on your home and get the deal you want. A key piece of the puzzle...

History Proves Recession Doesn’t Equal a Housing Crisis [INFOGRAPHIC]

Written by Bradenton Beach Mortgage Mortgage Syndicated User on June 4, 2022. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, For Buyers, For Sellers, Housing Market Updates, Infographics, Mortgage Bradenton Beach, Pricing.

Some Highlights It’s important to understand history proves an economic slowdown does not equal a housing crisis. In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008. If you have questions, let’s connect to discuss why today’s housing market is nothing like 2008. Content previously posted on Keeping Current Matters

Sellers Have an Opportunity with Today’s Home Prices

Written by Bradenton Beach Mortgage Mortgage Syndicated User on May 25, 2022. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, For Sellers, Housing Market Updates, Mortgage Bradenton Beach, Move-Up Buyers, Pricing.

As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that trend. According to data from CoreLogic, home price appreciation has been re-accelerating since November. The graph below shows this increase in home price appreciation in green: This is largely due to an ongoing imbalance in supply and demand. Specifically, housing supply is still low, and demand...

Will Home Prices Fall This Year? Here’s What Experts Say.

Written by Bradenton Beach Mortgage Mortgage Syndicated User on May 11, 2022. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, For Buyers, For Sellers, Housing Market Updates, Mortgage Bradenton Beach, Move-Up Buyers, Pricing.

Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals. What’s Happening with Home Prices? Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says: “Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%.” So why are prices climbing so much? It’s because there are more buyers than...

How Today’s Mortgage Rates Impact Your Home Purchase

Written by Bradenton Beach Mortgage Mortgage Syndicated User on May 10, 2022. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, First Time Home Buyers, For Buyers, Interest Rates, Mortgage Bradenton Beach, Move-Up Buyers, Pricing.

If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does the monthly payment you’re able to lock in on your home loan. In a rising-rate environment like we’re in today, that could limit your future purchasing power. Today, the average 30-year fixed mortgage rate is above 5%, and in the near term, experts say...

Things That Could Help You Win a Bidding War on a Home

Written by Bradenton Beach Mortgage Mortgage Syndicated User on May 4, 2022. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Mortgage Bradenton Beach, Move-Up Buyers, Pricing.

With a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, homes are getting an average of 4.8 offers per sale. Here’s a look at how that breaks down state-by-state (see map below): The same report from NAR shows the average buyer made two offers before getting their third offer accepted. In this type of competitive housing market, it’s important to know what levers you can pull to help you beat the competition....

Today’s Home Price Appreciation Is Great News for Existing Homeowners

Written by Bradenton Beach Mortgage Mortgage Syndicated User on May 3, 2022. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, For Sellers, Housing Market Updates, Mortgage Bradenton Beach, Move-Up Buyers, Pricing.

If you’re planning to sell your home this season, rising prices are great news for you. But it’s important to understand why prices are rising to begin with. One major factor is supply and demand. In any industry, when there are more buyers for an item than there are of that item available, prices naturally rise. In those situations, buyers are willing to pay more to get the product or service they’re looking for when options are scarce. And that’s exactly what’s happening in the current real estate market. Selma Hepp, Executive, Research & Insights and Deputy Chief Economist at CoreLogic,...

What You Need To Know About Selling in a Sellers’ Market

Written by Bradenton Beach Mortgage Mortgage Syndicated User on April 29, 2022. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, For Sellers, Mortgage Bradenton Beach, Pricing.

Even if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market. That’s because there’s a lot of talk about how strong market conditions are for people who want to sell their houses. But if you’re thinking about listing your house, you probably want to know: what does being in a sellers’ market really mean? What Is a Sellers’ Market? The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still very low. There’s a 2-month supply of homes at the current sales pace. Historically, a 6-month supply...

How Homeownership Can Help Shield You from Inflation

Written by Bradenton Beach Mortgage Mortgage Syndicated User on April 27, 2022. 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, Pricing.

If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases you have planned to ensure they’re still worthwhile. If you’ve been thinking about purchasing a home this year, you’re probably wondering if you should continue down that path or if it makes more sense to wait. While the answer depends on your situation, here’s how homeownership can help you combat...

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