Cape San Blas Mortgage

What Experts Project for Home Prices Over the Next 5 Years

Written by Cape San Blas Mortgage Syndicated User on September 13, 2023. Posted in Buying Myths, Cape San Blas Mortgage, Cape San Blas Mortgage Rates, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers.

If you’re planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment. While you may have seen negative news over the past year about home prices, they’re doing far better than expected and are rising across the country. And data shows, experts forecast home prices will keep appreciating.Experts Project Ongoing AppreciationPulsenomics polled over 100 economists, investment strategists, and housing market analysts in the latest quarterly Home Price Expectation Survey (HPES). The results show what the...

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Planning to Retire? Your Equity Can Help You Make a Move

Written by Cape San Blas Mortgage Syndicated User on September 12, 2023. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, Demographics, For Sellers, Selling Myths.

Reaching retirement is a significant milestone in life, bringing with it a lot of change and new opportunities. As the door to this exciting chapter opens, one thing you may be considering is selling your house and finding a home better suited for your evolving needs.Fortunately, you may be in a better position to make a move than you realize. Here are a few reasons why.Consider How Long You’ve Been in Your HomeFrom 1985 to 2009, the average length of time homeowners stayed in their homes was roughly six years. But according to the National Association of Realtors (NAR), that number is...

Home Price Forecasts Revised for 2023 [INFOGRAPHIC]

Written by Cape San Blas Mortgage Syndicated User on September 9, 2023. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, Infographics, Pricing.

Some HighlightsLast year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low.While it’s normal for experts to re-forecast throughout the year, the good news for 2023 is that prices are no longer projected to decrease.Connect with your trusted real estate agent to find out what’s happening with home values in your local...

Get Ready for Smaller, More Affordable Homes

Written by Cape San Blas Mortgage Syndicated User on September 8, 2023. Posted in Buying Myths, Cape San Blas Mortgage, Cape San Blas Mortgage Rates, First Time Home Buyers, For Buyers, Housing Market Updates.

Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options? If so, here’s some good news – based on what Ali Wolf, Chief Economist at Zonda, has to say – smaller, more affordable homes are on the way:“Buyers should expect that over the next 12 to 24 months there will be a notable increase in the number of entry-level homes available.”In some ways, smaller homes are already here. When the pandemic hit, the meaning of home changed. People needed the space their home provided not only as a place to live, but as a place to work, go to school,...

Mortgage Rates: Past, Present, and Possible Future

Written by Cape San Blas Mortgage Syndicated User on September 7, 2023. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, Housing Market Updates, Interest Rates.

If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared to where they are now. Beyond that, it’s important to understand their relationship with inflation for insights into where mortgage rates might go in the near future.Giving Context to the Sticker ShockFreddie Mac has been tracking the 30-year fixed mortgage rate since April...

Expert Home Price Forecasts Revised Up for 2023

Written by Cape San Blas Mortgage Syndicated User on September 6, 2023. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, Housing Market Updates, Pricing.

Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. But the headlines got it wrong.While there was a slight home price correction after the sky-high price appreciation during the ‘unicorn’ years, nationally, home prices didn’t come crashing down. If anything, prices were a lot more resilient than many people expected.Let’s take a look at some of the expert forecasts from late last...

Why It’s Still a Seller’s Market Today

Written by Cape San Blas Mortgage Syndicated User on September 5, 2023. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, For Sellers, Housing Market Updates, Selling Myths.

Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house?The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Housing inventory is measured by the number of available homes on the market. It’s also measured by months’ supply, meaning the number of months it would take to sell all those...

Homeowners Have a Lot of Equity Right Now [INFOGRAPHIC]

Written by Cape San Blas Mortgage Syndicated User on September 2, 2023. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, For Sellers, Housing Market Updates, Infographics.

Some HighlightsYour equity grows as you pay down your home loan and as home prices increase. With home prices rising again, your equity is getting an extra boost.Almost half of homeowners are equity rich because they have at least 50% equity in their homes. If you’ve been in your home for a while, you might have gained a considerable amount of equity, too.Want to find out how much equity you have? Connect with a trusted real estate agent for a Professional Equity Assessment Report (PEAR).

How Inflation Affects the Housing Market

Written by Cape San Blas Mortgage Syndicated User on September 1, 2023. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, For Buyers, For Sellers, Housing Market Updates, Interest Rates.

Have you ever wondered how inflation impacts the housing market? Believe it or not, they’re connected. Whenever there are changes to one, both are affected. Here’s a high-level overview of the connection between the two.The Relationship Between Housing Inflation and Overall InflationShelter inflation is the measure of price growth specific to housing. It comes from a survey of renters and homeowners that’s done by the Bureau of Labor Statistics (BLS). The survey asks renters how much they’re paying in rent, and homeowners how much they’d rent their homes for, if they weren’t living in...

Buyer Traffic Is Still Stronger than the Norm

Written by Cape San Blas Mortgage Syndicated User on August 31, 2023. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, Demographics, For Sellers, Housing Market Updates, Selling Myths.

Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove it.The ShowingTime Showing Index is a measure of buyers touring homes. The graph below uses the latest numbers available and compares them to the same month in the last normal years to show just how active today’s buyers still are:As you can see, when June 2023 numbers are stacked alongside what’s typical for the housing market at this time...

Author: Cape San Blas Mortgage Syndicated User