The Three Factors Affecting Home Affordability Today

Written by Jupiter Florida Mortgage Syndicated User on April 27, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Jupiter Florida Mortgage Rates, Jupiter Mortgage, Move-Up Buyers, Pricing.

There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than just mortgage rates – it’s determined by a combination of mortgage rates, home prices, and wages.Considering how each one of these factors is changing gives you the full picture of home affordability today. Here’s the latest.1. Mortgage RatesWhile mortgage rates are higher than they were a year ago, they’ve hovered primarily between...

What Are the Experts Saying About the Spring Housing Market?

Written by Jupiter Florida Mortgage Syndicated User on April 26, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Jupiter Florida Mortgage Rates, Jupiter Mortgage, Pricing.

The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with home prices and mortgage rates, or what the best advice is for someone in your position right now.Here’s what industry experts are saying right now about the spring housing market and what it means for you:Selma Hepp, Chief Economist, CoreLogic:“We see more competition among buyers . . . Housing supply also tends to grow during the spring months. And this is also the time of year when...

Think Twice Before Waiting for Lower Home Prices

Written by Jupiter Florida Mortgage Syndicated User on April 18, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Jupiter Florida Mortgage Rates, Jupiter Mortgage, Millennials, Move-Up Buyers, Pricing.

As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop significantly. But that’s not the best strategy.A recent survey from Zonda shows 53% of millennials are still renting right now because they’re waiting for home prices to come down. But here’s the thing: the most recent data...

The Key Advantage of Investing in a Home [INFOGRAPHIC]

Written by Jupiter Florida Mortgage Syndicated User on April 8, 2023. Posted in First Time Home Buyers, For Buyers, Infographics, Jupiter Florida Mortgage Rates, Jupiter Mortgage, Pricing.

Trying To Buy a Home? Hang in There.

Written by Jupiter Florida Mortgage Syndicated User on April 7, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Jupiter Florida Mortgage Rates, Jupiter Mortgage, Move-Up Buyers, Pricing.

We’re still in a sellers’ market. And if you’re looking to buy a home, that means you’re likely facing some unique challenges, like difficulty finding a home and volatile mortgage rates. But keep in mind, there are some benefits to being a buyer in today’s market that give you good reason to stick with your search. Here are a few of them.Long-Term Benefits Outweigh Short-Term ChallengesOwning a home grows your net worth – and since building that wealth takes time, it makes sense to start as soon as you can. If you wait to buy and keep renting, you’ll miss out on those monthly housing payments...

Why Buying a Home Is a Sound Decision

Written by Jupiter Florida Mortgage Syndicated User on March 25, 2023. Posted in First Time Home Buyers, For Buyers, Jupiter Florida Mortgage Rates, Jupiter Mortgage, Move-Up Buyers, Pricing.

If you’re thinking about buying a home, you want to know the decision will be a good one. And for many, that means thinking about what home prices are projected to do in the coming years and how that could impact your investment. This year, we aren’t seeing home prices fall dramatically. As the year goes on, however, some markets may go up in value while others may lose value. That’s why it’s helpful to keep the long-term view in mind. Experts project a return to a steadier rate of price appreciation in the years that follow.Home Price Appreciation in the Years AheadOver 100 economists, investment...

Here’s Why the Housing Market Isn’t Going To Crash [INFOGRAPHIC]

Written by Jupiter Florida Mortgage Syndicated User on March 18, 2023. Posted in For Sellers, Foreclosures, Housing Market Updates, Infographics, Jupiter Florida Mortgage Rates, Jupiter Mortgage, Pricing.

Equity Gains for Today’s Homeowners

Written by Jupiter Florida Mortgage Syndicated User on March 3, 2023. Posted in For Sellers, Housing Market Updates, Jupiter Florida Mortgage Rates, Jupiter Mortgage, Move-Up Buyers, Pricing.

Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates.

Wondering What’s Going on with Home Prices?

Written by Jupiter Florida Mortgage Syndicated User on February 17, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Jupiter Florida Mortgage Rates, Jupiter Mortgage, Pricing.

The recent changes in home prices are top of mind for many as the housing market begins gearing up for spring. It can be hard to navigate misleading headlines and confusing data, so here’s what you should know about today’s home prices.

Homeownership Builds Your Wealth over Time [INFOGRAPHIC]

Written by Jupiter Florida Mortgage Syndicated User on January 28, 2023. Posted in First Time Home Buyers, For Buyers, Infographics, Jupiter Florida Mortgage Rates, Jupiter Mortgage, Move-Up Buyers, Pricing.

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