Are Home Prices Continuing To Rise?

Written by Bradenton Beach Mortgage Mortgage Syndicated User on March 4, 2022. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Mortgage Bradenton Beach, Move-Up Buyers, Pricing.

Many analysts projected home price appreciation would slow dramatically in the fall of 2021 and then continue to soften throughout 2022. So far, that hasn’t happened. The major price indices are all revealing ongoing double-digit price appreciation. Here’s a look at their reports on year-over-year price appreciation for December: Federal Housing Finance Agency (FHFA): 17.6% S&P Case-Shiller: 18.8% CoreLogic: 18.5% To show that they’re not seeing signs of softening, here’s a graph that gives the progression of all three indices for each month of 2021. As the graph above reveals, last...

4 Simple Graphs Showing Why This Is Not a Housing Bubble

Written by Bradenton Beach Mortgage Mortgage Syndicated User on February 18, 2022. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, Housing Market Updates, Interest Rates, Mortgage Bradenton Beach, Pricing.

A recent survey revealed that many consumers believe there’s a housing bubble beginning to form. That feeling is understandable, as year-over-year home price appreciation is still in the double digits. However, this market is very different than it was during the housing crash 15 years ago. Here are four key reasons why today is nothing like the last time. 1. Houses Are Not Unaffordable Like They Were During the Housing Boom The affordability formula has three components: the price of the home, wages earned by the purchaser, and the mortgage rate available at the time. Conventional lending...

Owning Is More Affordable than Renting in the Majority of the Country

Written by Bradenton Beach Mortgage Mortgage Syndicated User on February 1, 2022. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Mortgage Bradenton Beach, Pricing, Rent vs. Buy.

If you were thinking about buying a home this year, but already pressed pause on your plans due to rising home prices and increasing mortgage rates, there’s something you should consider. According to the latest report from ATTOM Data, owning a home is more affordable than renting in the majority of the country. The 2022 Rental Affordability Report says: “. . . Owning a median-priced home is more affordable than the average rent on a three-bedroom property in 666, or 58 percent, of the 1,154 U.S. counties analyzed for the report. That means major home ownership expenses consume a smaller portion...

Sellers: Don’t Wait Until Spring To Make Your Move

Written by Bradenton Beach Mortgage Mortgage Syndicated User on January 19, 2022. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, For Sellers, Interest Rates, Mortgage Bradenton Beach, Pricing, Selling Myths.

As you plan out your goals for the year, moving up to your dream home may top the list. But, how do you know when to make your move? You want to time it just right so you can get the most out of the sale of your current house. You also want to know you’re making a good investment when you buy your new home. What you may not realize is, that opportunity to get the best of both worlds is already here. You don’t want to wait until spring to spring into action. The current market conditions make this winter an ideal time to move. Here’s why. 1. The Number of Homes on the Market Is Still Low Today’s...

What’s Going To Happen with Home Prices This Year?

Written by Bradenton Beach Mortgage Mortgage Syndicated User on January 14, 2022. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, For Buyers, For Sellers, Housing Market Updates, Mortgage Bradenton Beach, Pricing.

After almost two years of double-digit increases, many experts thought home price appreciation would decelerate or happen at a slower pace in the last quarter of 2021. However, the latest Home Price Insights Report from CoreLogic indicates while prices may have plateaued, appreciation has definitely not slowed. The following graph shows year-over-year appreciation throughout 2021. December data has not yet been released. As the graph shows, appreciation has remained steady at around 18% over the last five months. In addition, the latest S&P Case-Shiller Price Index and the FHFA Price Index...

Why Inflation Shouldn’t Stop You from Buying a Home in 2022

Written by Bradenton Beach Mortgage Mortgage Syndicated User on January 12, 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, Move-Up Buyers, Pricing.

If you’re following along with the news today, you’re probably hearing a lot about record-breaking home prices, rising consumer costs, supply chain constraints, and more. And if you’re thinking about purchasing a home this year, all of these inflationary concerns are likely making you wonder if you should wait to buy. Investopedia explains that during a period of high inflation, prices rise across the board. And while home prices aren’t immune from this increase, here’s why inflation shouldn’t stop you from buying a home in 2022. Homeownership Offers Stability and Security Home prices have...

There Won’t Be a Wave of Foreclosures in the Housing Market

Written by Bradenton Beach Mortgage Mortgage Syndicated User on January 7, 2022. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, Distressed Properties, Foreclosures, Housing Market Updates, Mortgage Bradenton Beach, Pricing.

When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments. Some analysts were concerned that once the forbearance program ended, the housing market would experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here’s a look at why that isn’t the case. 1. There Are Fewer Homeowners in Trouble This Time After the last housing crash, over nine million households lost their homes to a foreclosure, short sale, or because they gave it back to the...

Why Waiting To Sell Your House Could Cost You a Small Fortune

Written by Bradenton Beach Mortgage Mortgage Syndicated User on January 6, 2022. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, For Sellers, Housing Market Updates, Interest Rates, Mortgage Bradenton Beach, Move-Up Buyers, Pricing, Selling Myths.

Many homeowners who plan to sell in 2022 may think the wise thing to do is to wait for the spring buying market since historically about 40 percent of home sales occur between April and July. However, this year’s expected to be much different than the norm. Here are five reasons to list your house now rather than waiting until the spring. 1. Buyers Are Looking Right Now, and They’re Ready To Purchase The ShowingTime Showing Index reports data from more than six million property showings scheduled across the country each month. In other words, it’s a gauge of how many buyers are out looking...

Expert Insights on the 2022 Housing Market

Written by Bradenton Beach Mortgage Mortgage Syndicated User on December 30, 2021. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Bradenton Beach, Pricing.

As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in 2022. Odeta Kushi, Deputy Chief Economist, First American: “Consensus forecasts put rates at about 3.7% by the end of next year. So, that’s still historically low, but certainly higher than they are today.” Danielle Hale, Chief Economist, realtor.com: “Affordability will increasingly be a challenge...

The Average Homeowner Gained $56,700 in Equity over the Past Year

Written by Bradenton Beach Mortgage Mortgage Syndicated User on December 22, 2021. Posted in Bradenton Beach Mortgage, Bradenton Beach Mortgage Rates, For Sellers, Housing Market Updates, Mortgage Bradenton Beach, Pricing.

When you think of homeownership, what’s the first thing that comes to mind? Chances are you might focus on the non-financial benefits, like the security or stability a home provides. But what about equity? While it can be overlooked, a homeowner’s equity helps build long-term wealth over time. Here’s a look at what equity is and why it matters. For a homeowner, your equity is the current value of your home minus what you owe on the loan. So, as home values climb, your equity does too. That’s exactly what’s happening today. There aren’t enough homes on the market to meet buyer demand, so bidding...

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