There’s a trend taking hold in real estate right now: more buyers are choosing newly built homes. And it’s not just about getting the latest technology or modern floorplans. It’s because they may be able to get a better deal.Builders are offering serious incentives today, and people are jumping on them. In fact, new home sales just hit their highest level in over two years (see graph below):Why Builders Are Throwing in PerksThere are more newly built homes for sale right now than there have been in years. And as a buyer, that can help you in two big ways. It gives you more options to choose...
These days, you’re going to want to get your price right when you get ready to sell your house. Honestly, it’s more important than ever. Why? While you may want to list high just to see what happens, that’s a plan that can easily backfire, and it’s going to cost you in today’s market.And the risk isn’t just missing out on offers, it’s missing out on the move you needed to make in the first place.The Real Pitfall of OverpricingMany homeowners remember what their neighbor’s house sold for a few years ago, and they want to chase that same sky-high number. The problem is, that was a different...
If you’ve been following real estate news lately, you’ve probably seen headlines saying home prices are flat. And at first glance, that sounds simple enough. But here’s the thing. The reality isn’t quite that straightforward.In most places, prices aren’t flat at all.What the Data Really ShowsWhile we’ve definitely seen prices moderate from the rapid and unsustainable climb in 2020-2022, how much they’ve changed is going to be different everywhere.If you look at data from ResiClub and Zillow for the 50 largest metros, this becomes very clear. The real story is split right down the...
2 Advantages of Buying a Newly Built Home Today
Since there are more new homes on the market, builders are motivated to sell and that’s leading to two great perks: price cuts and lower rates. Let’s connect if you want to see what builders are offering in our area. NMLS ID 1834853 #fidelityhomegroup #floridamortgage #floridamortgagerates #floridamortgagecompany #mortgagetips
Data Sources
https://www.nahb.org/news-and-economics/housing-economics/indices/housing-market-index
https://www.realtor.com/news/trends/chart-mortgage-rate-new-home-buy-down/...
Home Price Forecasts for the Second Half of 2025
The expert forecasts for the second half of the year show home prices are still forecast to rise nationally – just at a much slower pace. But that’s going to vary by local market. If you want to know what’s happening with prices in our area, let’s connect! NMLS ID 1834853 #fidelityhomegroup #floridamortgage #floridamortgagerates #floridamortgagecompany #mortgagetips #housingforecast
The Latest Mortgage Rate Forecasts
f you’re tempted to wait for rates to come down before you buy a home, here’s what you should know. Based on expert forecasts, mortgage rates are expected to stay in the 6s this year. Let’s talk about what this means for your move and how to factor this into your plans. NMLS ID 1834853 #fidelityhomegroup #floridamortgage #floridamortgagerates #floridamortgagecompany #mortgagetips #mortgagerates
Data Sources
https://www.fanniemae.com/media/55871/display...
There’s a new divide in housing right now. In some states, buyers are gaining ground. In others, sellers still have the upper hand. It all depends on where you live. Curious what’s happening in your state?These 3 maps show how the split is playing out across the country. In each one:Darker Shades of Blue = Buyer friendlyLighter Shades of Blue = Seller strongInventory Sets the StageWhile the number of homes for sale has improved pretty much across the board, how much growth we’ve seen can look dramatically different based on where you live. And that impacts who has the leverage...
For the past couple of years, it’s been tough for a lot of homebuyers to make the numbers work. Home prices shot up. Mortgage rates too. And a number of people hit pause because it just didn’t feel possible. Maybe you were one of them.But there’s some encouraging news. If you’ve been waiting for a better time to jump back in, affordability may finally be showing signs of improvement this fall.The latest data from Redfin shows the typical monthly mortgage payment has been coming down, and is now about $290 lower than it was just a few months ago (see graph below):And here’s why this is...
Want to know something important you probably don’t have a professional check for you nearly as often as you should? Spoiler alert: it’s the value of your home.Because here’s the reality. Your house is likely the biggest financial asset you have. And if you’ve lived in it for a few years or more, chances are it’s been quietly building wealth for you in the background – even if you haven’t been keeping tabs on it.You might be surprised by just how much it’s grown, even as the market has shifted over the past few months.What Is Home Equity?That hidden wealth in your home is called equity....