Are We Heading into a Balanced Market?

Written by Treasure Island FL Mortgage Syndicated User on September 1, 2024. Posted in For Buyers, For Sellers, Inventory, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know.What Is a Balanced Market?A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a more balanced...

2025 Housing Market Forecasts: What To Expect

Written by Treasure Island FL Mortgage Syndicated User on September 1, 2024. Posted in For Buyers, For Sellers, Forecasts, Home Prices, Mortgage Rates, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Looking ahead to 2025, it’s important to know what experts are projecting for the housing market. And whether you’re thinking of buying or selling a home next year, having a clear picture of what they’re calling for can help you make the best possible decision for your homeownership plans.Here’s an early look at the most recent projections on mortgage rates, home sales, and prices for 2025.Mortgage Rates Are Projected To Come Down SlightlyMortgage rates play a significant role in the housing market. The forecasts for 2025 from Fannie Mae, the Mortgage Bankers Association (MBA), the...

Are Home Prices Going To Come Down?

Written by Treasure Island FL Mortgage Syndicated User on August 1, 2024. Posted in For Buyers, Home Prices, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home prices are heading for a correction, but what do the facts say? Well, it helps to start by looking at what a correction means.Here’s what Danielle Hale, Chief Economist at Realtor.com, says: “In stock market terms, a correction is generally referred to as a 10 to 20% drop in prices . . . We don’t have the same established definitions in the housing market.”In the context of today’s housing market, it doesn’t mean home prices are going to fall dramatically....

The Difference Between an Inspection and an Appraisal

Written by Treasure Island FL Mortgage Syndicated User on July 1, 2024. Posted in Buying Tips, For Buyers, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

When you decide to buy your first home, you may come across a number of terms and conditions you’re not familiar with. While you may have a general idea of what an inspection is, maybe you’re not sure why you need one or how it’s different from an appraisal. To keep it simple, here’s an explainer of each one and what they mean for you as a homebuyer.Home InspectionOnce you’re under contract on a home you’d like to buy, getting an inspection is a key part of the process. An inspection gives you a clear idea of the safety and overall condition of the home – which is important for such a big transaction....

Focus on Time in the Market, Not Timing the Market

Written by Treasure Island FL Mortgage Syndicated User on July 1, 2024. Posted in Economy, For Buyers, Home Prices, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Should you buy a home now or should you wait? That’s a big question on many people’s minds today. And while what timing is right for you will depend on a lot of other personal factors, here’s something you may not have considered.If you’re able to buy at today’s rates and prices, it may be better to focus on time in the market, rather than timing the market. The Downside of Trying To Time the Market Trying to time the market isn’t a good strategy because things can change. Here’s an example. For the better part of this year, projections have said mortgage rates will come down. And while experts...

Top Reasons To Own a Home [INFOGRAPHIC]

Written by Treasure Island FL Mortgage Syndicated User on June 1, 2024. Posted in Buying Tips, For Buyers, Infographics, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Some HighlightsBuying a home has powerful financial and non-financial benefits. It creates more stability, helps grow your net worth, and gives you an undeniable sense of pride.While today’s market can be challenging for buyers, use these reasons to remind you of why homeownership is so worthwhile. When you’re ready to enjoy all the amazing advantages that come with owning a home, get in touch with a local real estate agent.

The Biggest Mistakes Buyers Are Making Today

Written by Treasure Island FL Mortgage Syndicated User on June 1, 2024. Posted in Buying Tips, For Buyers, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Buyers face challenges in any market – and today’s is no different. With higher mortgage rates and rising prices, plus the limited supply of homes for sale, there’s a lot to consider.But, there’s one way to avoid getting tripped up – and that’s leaning on a real estate agent for the best possible advice. An expert’s insights will help you avoid some of the most common mistakes homebuyers are making right now.Putting Off Pre-approval As part of the homebuying process, a lender will look at your finances to figure out what they’re willing to loan you for your mortgage. This gives you a good...

Is It Easier To Find a Home To Buy Now?

Written by Treasure Island FL Mortgage Syndicated User on April 1, 2024. Posted in Buying Myths, For Buyers, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

One of the biggest hurdles buyers have faced over the past few years has been a lack of homes available for sale. But that’s starting to change.The graph below uses the latest data from Realtor.com to show there are more homes on the market in 2024 than there have been in any of the past several years (2021-2023):Does That Mean Finding a Home Is Easier?The answer is yes, and no. As an article from Realtor.com says:“There were nearly 15% more homes for sale in February than a year earlier . . . That alone could jolt the housing market a bit if more “For Sale” signs continue to appear. However,...

Single Women Are Embracing Homeownership

Written by Treasure Island FL Mortgage Syndicated User on April 1, 2024. Posted in Buying Myths, First Time Home Buyers, For Buyers, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

In today’s housing market, more and more single women are becoming homeowners. According to data from the National Association of Realtors (NAR), 19% of all homebuyers are single women, while only 10% are single men.If you’re a single woman trying to buy your first home, this should be encouraging. It means other people are making their dreams a reality – so you can too.Why Homeownership Matters to So Many Women For many single women, buying a home isn’t just about having a place to live—it’s also a smart way to invest for the future. Homes usually increase in value over...

Why You Want an Agent’s Advice for Your Move

Written by Treasure Island FL Mortgage Syndicated User on March 1, 2024. Posted in Buying Myths, For Buyers, For Sellers, Mortgage Treasure Island FL, Selling Myths, Treasure Island FL Mortgage.

No matter how you slice it, buying or selling a home is a big decision. And when you’re going through any change in your life and you need some guidance, what do you do? You get advice from people who know what they’re talking about. Moving is no exception. You need insights from the pros to help you feel confident in your decision. Freddie Mac explains it like this:“As you set out to find the right home for your family, be sure to select experienced, trusted professionals who will help you make informed decisions and avoid pitfalls.”And while perfect advice isn’t possible – not even from the...

Category: For Buyers