Great News About Housing Inventory [INFOGRAPHIC]

Written by Jupiter Florida Mortgage Syndicated User on July 23, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Jupiter Florida Mortgage Rates, Jupiter Mortgage, Move-Up Buyers.

Some Highlights Experts say the number of homes for sale is growing this year, and that can have a big impact on your move. If you’re planning to buy, additional options in today’s market may be just what you’ve been waiting for. More inventory means added opportunities to find the home of your dreams. Let’s connect so you have the latest information on available homes in our area. Content previously posted on Keeping Current Matters

Think Home Prices Are Going To Fall? Think Again

Written by Jupiter Florida Mortgage Syndicated User on July 22, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Jupiter Florida Mortgage Rates, Jupiter Mortgage, Move-Up Buyers, Pricing.

Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price growth is supported by strong market fundamentals. To understand why price declines are unlikely, it’s important to explore what caused home prices to rise so much recently, and where experts say home prices are headed. Here’s what you need to know. Home Prices Rose Significantly in Recent Years The graph...

Why Pre-Approval Is a Game Changer for Homebuyers

Written by Jupiter Florida Mortgage Syndicated User on July 20, 2022. Posted in First Time Home Buyers, For Buyers, Jupiter Florida Mortgage Rates, Jupiter Mortgage, Move-Up Buyers.

If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today’s shifting market? The truth is, getting a pre-approval letter from your lender is critical, and when it comes to your home search, it can be a game changer in so many ways. To better understand why, it’s important to know what pre-approval is. Freddie Mac defines the process like this: “A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money...

Should I Rent or Should I Buy? [INFOGRAPHIC]

Written by Jupiter Florida Mortgage Syndicated User on July 16, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Jupiter Florida Mortgage Rates, Jupiter Mortgage, Rent vs. Buy.

Some Highlights It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home. When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t see a return on your investment, and limit your ability to save. If you want to learn more about the benefits of homeownership, let’s connect today. Content previously posted on Keeping Current Matters

Should I Buy a Home Right Now?

Written by Jupiter Florida Mortgage Syndicated User on July 14, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Jupiter Florida Mortgage Rates, Jupiter Mortgage, Move-Up Buyers, Pricing.

If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help you make your decision. The Future of Home Price Appreciation Each quarter, Pulsenomics surveys a national panel of over 100 economists, real estate experts, and investment and market strategists to compile projections for the future of home price appreciation. The output is the Home Price Expectation Survey. In the latest release, it forecasts home prices will continue...

The Drop in Mortgage Rates Brings Good News for Homebuyers

Written by Jupiter Florida Mortgage Syndicated User on July 12, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Jupiter Florida Mortgage Rates, Jupiter Mortgage, Move-Up Buyers.

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% two weeks prior (see graph below): But why is this recent dip such good news for homebuyers? As Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains: “According...

Is Homeownership Still the American Dream?

Written by Jupiter Florida Mortgage Syndicated User on July 6, 2022. Posted in First Time Home Buyers, For Buyers, Jupiter Florida Mortgage Rates, Jupiter Mortgage.

Defining the American dream is personal, and no one individual will have the same definition as another. But the feelings it brings about – success, freedom, and a sense of prosperity – are universal. That’s why, for many people, homeownership remains a key part of the American dream. Your home is your stake in the community, a strong financial investment, and an achievement to be proud of. A recent survey from Bankrate asked respondents to rank achievements as indicators of financial success, and the responses prove that owning a home is still important to so many Americans today (see graph...

Real Estate Consistently Voted Best Investment [INFOGRAPHIC]

Written by Jupiter Florida Mortgage Syndicated User on July 2, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Jupiter Florida Mortgage Rates, Jupiter Mortgage, Move-Up Buyers.

Some Highlights Based on a recent Gallup poll, real estate has been rated the best long-term investment for nine years in a row. Owning real estate is more than just a place to call home. It’s also an investment in your future. That’s because it’s typically a stable and secure asset that can grow in value over time. If you’re ready to buy a home and invest in your future, let’s connect. Content previously posted on Keeping Current Matters

A Key Opportunity for Homebuyers

Written by Jupiter Florida Mortgage Syndicated User on June 29, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Jupiter Florida Mortgage Rates, Jupiter Mortgage, Move-Up Buyers.

There’s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. Two of the biggest hurdles homebuyers faced during the pandemic were the limited number of homes for sale and the intensity and frequency of bidding wars. But those two things have reached a turning point. As you may have already heard, the number of homes for sale has increased this year, and even more so this spring. As Danielle Hale, Chief Economist for realtor.com, explains: “New listings–a measure of sellers putting homes up for sale–were up 6% above one year ago. Home...

Homeownership Is a Great Hedge Against the Impact of Rising Inflation

Written by Jupiter Florida Mortgage Syndicated User on June 24, 2022. Posted in First Time Home Buyers, For Buyers, Jupiter Florida Mortgage Rates, Jupiter Mortgage, Pricing.

If you’re following along with the news today, you’ve heard about rising inflation. Today, inflation is at a 40-year high. According to the National Association of Home Builders (NAHB): “Consumer prices accelerated again in May as shelter, energy and food prices continued to surge at the fastest pace in decades. This marked the third straight month for inflation above an 8% rate and was the largest year-over-year gain since December 1981.” With inflation rising, you’re likely feeling it impact your day-to-day life as prices go up for gas, groceries, and more. These climbing consumer costs...

Category: First Time Home Buyers