The Path To Homeownership Can Be Steeper for Some Americans

Written by Hollywood FL Mortgage Syndicated User on February 10, 2022. Posted in Demographics, First Time Home Buyers, For Buyers, Hollywood FL Mortgage, Hollywood FL Mortgage Rates, Housing Market Updates.

As we celebrate Black History Month, we honor and recognize the past and present experiences of Black Americans. A significant part of this experience is investing in a home of their own. While equitable access to housing has come a long way, the path to homeownership is still steeper for households of color. It’s an important experience to talk about, along with how working with the right real estate experts can make all the difference for diverse homebuyers. We know it’s a more challenging journey to achieve homeownership for some because there’s still a measurable gap between the overall...

Consumers Agree: It’s a Good Time To Sell

Written by Hollywood FL Mortgage Syndicated User on February 8, 2022. Posted in For Sellers, Hollywood FL Mortgage, Hollywood FL Mortgage Rates, Housing Market Updates, Move-Up Buyers.

In today’s sellers’ market, many homeowners are weighing their options and trying to decide if they should sell their house. If you’re in that group, you may be balancing things like the ongoing health crisis, rising mortgage rates, and your own changing needs to determine your best time to make a move. However, recent data shows that time may already be here. According to the latest Home Purchase Sentiment Index (HPSI) by Fannie Mae, 76% of consumers believe now is a good time to sell. Looking back over the past few years, its clear consumers are incredibly optimistic today. The graph below...

Are You a Homeowner Thinking About Climate Change?

Written by Hollywood FL Mortgage Syndicated User on January 30, 2022. Posted in For Sellers, Hollywood FL Mortgage, Hollywood FL Mortgage Rates, Housing Market Updates, Move-Up Buyers.

Americans are more aware than ever of the effects climate change and natural disasters can have on their homes. According to a report from realtor.com: “More than 3 in 4 recent buyers, 78%, took [natural disasters] into account when choosing the locations of their homes, . . .” The study also found that many existing homeowners (34%) have already considered selling their houses and moving to a new location because of the changing climate. If you’re like those homeowners and are weighing your options about what to do next, here’s some information to keep in mind as you begin the process of...

Why Right Now Is a Once-in-a-Lifetime Opportunity for Sellers

Written by Hollywood FL Mortgage Syndicated User on January 30, 2022. Posted in For Sellers, Hollywood FL Mortgage, Hollywood FL Mortgage Rates, Housing Market Updates.

If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for strong demand for the item coupled with a limited supply. That maximizes your leverage when you’re negotiating the sale. Home sellers are in that exact situation right now. Here’s why. Demand Is Very Strong According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), 6.18 million homes were sold in 2021. This was the largest number of home sales in 15 years. Lawrence Yun, Chief Economist for...

With Mortgage Rates Climbing, Now’s the Time To Act

Written by Hollywood FL Mortgage Syndicated User on January 30, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Hollywood FL Mortgage, Hollywood FL Mortgage Rates, Housing Market Updates, Interest Rates, Move-Up Buyers.

Last week, the average 30-year fixed mortgage rate from Freddie Mac jumped from 3.22% to 3.45%. That’s the highest point it’s been in almost two years. If you’re thinking about buying a home, this news may have come as a bit of a shock. But the truth is, it wasn’t entirely unexpected. Experts have been calling for rates to rise in their 2022 projections, and the forecast is now becoming a reality. Here’s a look at the projections from Freddie Mac for this year: Q1 2022: 3.4% Q2 2022: 3.5% Q3 2022: 3.6% Q4 2022: 3.7% As the numbers show, this jump in rates is in line with the expectations...

Buyers Want To Know: Why Is Housing Supply Still So Low?

Written by Hollywood FL Mortgage Syndicated User on January 30, 2022. Posted in Buying Myths, For Buyers, Hollywood FL Mortgage, Hollywood FL Mortgage Rates, Housing Market Updates.

One key question that’s top of mind for homebuyers this year is: why is it so hard to find a house to buy? The truth is, we’re in the ultimate sellers’ market, so real estate is ultra-competitive for buyers right now. The number of buyers searching for a home greatly outweighs how many homes are available for sale. While low inventory in the housing market isn’t new, it’s a challenge that continues to grow over time. Here’s a look at two reasons why today’s housing supply is low and what that means for you. 1. New Home Construction Fell Behind for Several Years The graph below shows new home...

Americans Choose Real Estate as the Best Investment [INFOGRAPHIC]

Written by Hollywood FL Mortgage Syndicated User on January 30, 2022. Posted in For Buyers, Hollywood FL Mortgage, Hollywood FL Mortgage Rates, Housing Market Updates, Infographics.

Some Highlights According to a Gallup poll, real estate has been rated the best long-term investment for eight years in a row. Real estate tops the list because you’re not just buying a place to call home – you’re investing in your future. Real estate is typically considered a stable and secure asset that can grow in value over time. Let’s connect today if you’re ready to make real estate your best investment this year. Content previously posted on Keeping Current Matters

Category: Housing Market Updates