Expert Insights on Where the Housing Market Is Heading. Want to know what the future holds for rates, prices, and inventory? Contact our mortgage experts to answer your housing market questions. | NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany #housingmarket #realestate #expertinsights
If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars which drove home prices up as buyers competed with one another to be the winning offer.
But what was once your greatest challenge may now be your greatest opportunity. Today, data shows buyer demand is moderating in the wake of higher mortgage rates. Here are a few reasons why this shift in the housing market is good news for your homebuying plans.
The Challenge
There were many reasons for the limited number of homes on the market...
Lean on a Real Estate Expert When You Sell in Today’s Shifting Market. Today’s market is at a turning point. Get an expert in your corner when you sell your house.NMLS ID 1834853 #floridamortgage #floridarealestate #floridarealestatemarket #realestatemarketshift
When the pandemic hit in 2020, many experts thought the housing market would crash. They feared job loss and economic uncertainty would lead to a wave of foreclosures similar to when the housing bubble burst over a decade ago. Thankfully, the forbearance program changed that. It provided much-needed relief for homeowners so a foreclosure crisis wouldn’t happen again. Here’s why forbearance worked.
Forbearance enabled nearly five million homeowners to get back on their feet in a time when having the security and protection of a home was more important than ever. Those in need were able to...
Pre-Approval Is a Strategic Move When You’re Buying a Home. Getting pre-approved is a great opening play as a homebuyer. Let’s connect so you have a strategy in place that helps you feel confident in your home search. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany
There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you’re thinking of selling your house?
While home prices are still appreciating in most markets and experts say that will continue, they’re climbing at a slower pace because rising mortgage rates are creating less buyer demand. Because of this, there are more homes on the market. And in a shift like this one, the way you price your home matters more than ever.
Why Today’s Housing Market Is Different
During the pandemic, sellers could price...