Tag: #capesanblasmortgage

Why 50% of Homes Are Selling for Under Asking and How To Avoid It

Written by Cape San Blas Mortgage Syndicated User on September 9, 2025. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, For Sellers, Home Prices, Selling Tips.

If your selling strategy still assumes you’ll get multiple offers over asking, it’s officially time for a reset. That frenzied seller’s market is behind us. And here are the numbers to prove it. From Frenzy to “Normal”Right now, about 50% of homes on the market are selling for less than their asking price, according to the latest data from Cotality.But that isn’t necessarily bad news, even if it feels like it. Here’s why. The wild run-up over the last few years was never going to be sustainable. The housing market needed a reset, and data shows that’s exactly what’s happening right now.The...

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Builder Incentives Reach 5-Year High

Written by Cape San Blas Mortgage Syndicated User on September 5, 2025. Posted in Buying Tips, Cape San Blas Mortgage, Cape San Blas Mortgage Rates, For Buyers, Move-Up, New Construction.

Even with more homes on the market right now, some buyers are still having a tough time finding the right one at the right price. Maybe the layout feels off. Maybe it still needs some updating. Or maybe it’s just more of the same.That’s why more buyers are turning to new construction – and finding some of the best deals available today.Why? Today, many builders have more homes that are finished and sitting on the market than normal. And that means they’re motivated to sell. They’re running a business, and they don’t want to sit on their inventory. They want to sell it before they build more...

What Mortgage Delinquencies Tell Us About the Future of Foreclosures

Written by Cape San Blas Mortgage Syndicated User on September 4, 2025. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, Economy, For Buyers, For Sellers, Foreclosures.

You may be seeing headlines about how foreclosures are rising. And if that makes you nervous that we’re headed for another crash, here’s what you should know. According to ATTOM, during the housing crash, over nine million people went through some sort of distressed sale (2007-2011). Last year, there were just over 300,000.So, even with the increase lately, we’re talking about numbers that are dramatically lower. But what does the future hold? Is a wave coming? The short answer is, no.Here’s why. Experts in the industry look at mortgage delinquencies (loans that are more than 30 days past...

Thinking About Renting Your House Instead of Selling? Read This First.

Written by Cape San Blas Mortgage Syndicated User on September 2, 2025. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, For Sellers.

If your house is on the market but you haven’t gotten any offers you’re comfortable with, you may be wondering: what do I do if it doesn’t sell? And for a growing number of homeowners, that’s turning into a new dilemma: should I just rent it instead?There’s a term for this in the industry, and it’s called an accidental landlord. Here’s how Yahoo Finance defines it:“These ‘accidental landlords’ are homeowners who tried to sell but couldn’t fetch the price they wanted — and instead have decided to rent out their homes until conditions improve.”Why This Is Happening More Often Right NowAnd...

What Everyone’s Getting Wrong About the Rise in New Home Inventory

Written by Cape San Blas Mortgage Syndicated User on August 29, 2025. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, For Buyers, New Construction.

You may have seen talk online that new home inventory is at its highest level since the crash. And if you lived through the crash back in 2008, seeing new construction is up again may feel a little scary.But here’s what you need to remember: a lot of what you see online is designed to get clicks. So, you may not be getting the full story. A closer look at the data and a little expert insight can change your perspective completely.Why This Isn’t Like 2008While it’s true the number of new homes on the market hit its highest level since the crash, that’s not a reason to worry. That’s because...

History Shows the Housing Market Always Recovers

Written by Cape San Blas Mortgage Syndicated User on August 28, 2025. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, Economy, For Sellers, Forecasts, Selling Tips.

Now that the market is slowing down, homeowners who haven’t sold at the price they were hoping for are increasingly pulling their homes off the market. According to the latest data from Realtor.com, the number of homeowners taking their homes off the market is up 38% since the start of this year and 48% since the same time last June. For every 100 new listings in June, about 21 homes were taken off the market.And if you’ve made that same choice, you’re probably frustrated things didn’t go the way you wanted. It’s hard when you feel like the market isn’t working with you. But while slowdowns...

Should You Still Expect a Bidding War?

Written by Cape San Blas Mortgage Syndicated User on August 26, 2025. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, First-Time Buyers, For Buyers.

If you’re still worried about having to deal with a bidding war when you buy a home, you may be able to let some of that fear go.While multiple-offer situations haven’t disappeared entirely, they’re not nearly as common as they used to be. In fact, a recent survey shows agents reported only 1 in 5 homes (20%) nationally received multiple offers in June 2025.That’s down from nearly 1 in 3 (31%) just a year ago – and dramatically lower than in June 2023 (39%) (see graph below):This trend means you should face less competition when you buy. That gives you more time to make decisions and the...

From Frenzy to Breathing Room: Buyers Finally Have Time Again

Written by Cape San Blas Mortgage Syndicated User on August 22, 2025. Posted in Buying Tips, Cape San Blas Mortgage, Cape San Blas Mortgage Rates, First-Time Buyers, For Buyers.

If you tried to buy a home a few years ago, you probably still remember the frenzy. Homes were listed one day and gone the next. Sometimes it only took hours. You had to drop everything to go and see the house, and if you hesitated even slightly, someone else swooped in and bought it – sometimes even sight unseen.That kind of intensity pushed a lot of buyers to the sidelines. It was stressful, chaotic, and for many, really discouraging.But here’s what you need to know: those days are behind us.Today’s market is moving slower, in the best possible way. And that’s creating more opportunity...

Condos Could Be a Win for Today’s Buyers

Written by Cape San Blas Mortgage Syndicated User on August 21, 2025. Posted in Affordability, Buying Tips, Cape San Blas Mortgage, Cape San Blas Mortgage Rates, Downsize, First-Time Buyers, For Buyers, Home Prices, Inventory.

Not every homebuyer wants the biggest house on the block. Some want something simpler, more affordable, and easier to maintain, especially in a market where every dollar counts. That’s where condos come in.For first-time buyers, they can be a smart way to get into homeownership without stretching your budget. For downsizers, they offer less space to maintain with the flexibility to stay in a great location.And right now, condos are one of the most buyer-friendly parts of the market.Condo Inventory Is Up, And That Means More ChoiceAccording to the National Association of Realtors (NAR),...

More Contracts Are Falling Through. Here’s How To Get Ahead.

Written by Cape San Blas Mortgage Syndicated User on August 19, 2025. Posted in Cape San Blas Mortgage, Cape San Blas Mortgage Rates, For Sellers, Selling Tips.

When you sell a house, the last thing you want is for the deal to fall apart right before closing. But according to the latest data from Redfin, that’s happening a bit more often lately. The good news is, it’s completely avoidable if you lean on an agent for insight into why that is and how to avoid it happening to you.This June, 15% of pending home sales fell through. That means those buyers backed out of their contracts. That’s not too much higher than the norm of roughly 12% from 2017-2019, but it’s still an increase. And it’s one you don’t want to have to deal with. The key to avoiding...