Explaining Today’s Low Housing Supply [INFOGRAPHIC]

Written by Treasure Island FL Mortgage Syndicated User on October 1, 2023. Posted in Housing Market Updates, Infographics, Mortgage Treasure Island FL, New Construction, Treasure Island FL Mortgage.

Some HighlightsWondering why the supply of homes for sale is limited today? There are a few factors at play.Lack of building over time, the mortgage rate lock-in effect, and people staying in their houses longer are three of the main reasons why supply is low.But real estate agents know exactly where to look and what to do to make your dream a reality. Connect with an agent so you have an expert on your side to help you successfully navigate the market and find your next home.

Why Your House Didn’t Sell

Written by Treasure Island FL Mortgage Syndicated User on October 1, 2023. Posted in For Sellers, Mortgage Treasure Island FL, Selling Myths, Treasure Island FL Mortgage.

If your listing expired and your house didn’t sell, you’re likely feeling a little frustrated. Not to mention, you’re also probably wondering what went wrong. Here are three questions to think about as you figure out what to do next.Did You Limit Access to Your House?One of the biggest mistakes you can make when selling your house is restricting the days and times when potential buyers can tour it. Being flexible with your schedule is important when you’re selling your house, even though it might feel a bit stressful to drop everything and leave when buyers want to see it. After...

Why Today’s Housing Inventory Shows a Crash Isn’t on the Horizon

Written by Treasure Island FL Mortgage Syndicated User on October 1, 2023. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

You might remember the housing crash in 2008, even if you didn’t own a home at the time. If you’re worried there’s going to be a repeat of what happened back then, there’s good news – the housing market now is different from 2008.One important reason is there aren’t enough homes for sale. That means there’s an undersupply, not an oversupply like the last time. For the market to crash, there would have to be too many houses for sale, but the data doesn’t show that happening.Housing supply comes from three main sources:Homeowners deciding to sell their housesNewly built...

How Inflation Affects the Housing Market

Written by Treasure Island FL Mortgage Syndicated User on September 1, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

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 them.Much...

Buyer Traffic Is Still Stronger than the Norm

Written by Treasure Island FL Mortgage Syndicated User on September 1, 2023. Posted in Demographics, For Sellers, Housing Market Updates, Mortgage Treasure Island FL, Selling Myths, Treasure Island FL Mortgage.

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 of...

Why You May Still Want To Sell Your House After All

Written by Treasure Island FL Mortgage Syndicated User on September 1, 2023. Posted in Demographics, For Sellers, Mortgage Treasure Island FL, Selling Myths, Treasure Island FL Mortgage.

Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider. While the financial side of things does matter, your personal needs may actually matter just as much. As an article from Bankrate says:“Deciding whether it’s the right time to sell your home is a very personal decision. There are numerous important questions to consider, both financial and lifestyle-based, before putting your home on the market.”So, ask yourself this: why did I want to move in the first place?Chances are your...

Florida Mortgage | Why Your House Isn’t Selling as Fast as You’d Like

Written by Treasure Island FL Mortgage Syndicated User on August 25, 2023. Posted in Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Florida Mortgage | Why Your House Isn’t Selling as Fast as You’d Like If your house isn’t selling as fast as you’d like, there are a few things that could be a factor. Let’s connect to discuss what we can do to re-ignite buyer interest in your house. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany #mortgagetips

Florida Mortgage | Expert Insights for the Rest of the Year in Housing

Written by Treasure Island FL Mortgage Syndicated User on August 22, 2023. Posted in Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Florida Mortgage | Expert Insights for the Rest of the Year in Housing Here’s what experts have to say about what lies ahead for inventory, mortgage rates, and home prices. Let’s connect so you know what to expect in the housing market for the rest of the year. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany #mortgagetips

Florida Mortgage | Important Credit Score Information for Homebuyers

Written by Treasure Island FL Mortgage Syndicated User on August 20, 2023. Posted in Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Florida Mortgage | Important Credit Score Information for Homebuyers To boost your credit score, focus on your payment history, debt amount, and credit applications. Let’s connect if you want more tips to consider when buying a home. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany #mortgagetips

Florida Mortgage | Why You Need a Real Estate Agent When Selling Your House

Written by Treasure Island FL Mortgage Syndicated User on August 17, 2023. Posted in Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Florida Mortgage | Why You Need a Real Estate Agent When Selling Your House Thinking of selling your house? Let’s connect so you can save time and stress when selling your house this year. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany #mortgagetips

Author: Treasure Island FL Mortgage Syndicated User