Why Home Sales Bounce Back After Presidential Elections

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

With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market. Let’s break it down.Election Years Bring a Temporary SlowdownIn any given year, home sales slow down slightly in the fall. It’s a typical, seasonal trend. However, according to data from BTIG, in election years there’s usually a slightly larger dip in home sales in the month leading up to Election Day (see graph below):Why? Uncertainty. Many consumers hold off on making major decisions or purchases while they wait to see how the election will play out. It’s a pattern...

Florida Mortgage | How Do Presidential Elections Impact the Housing Market?

Written by Treasure Island FL Mortgage Syndicated User on October 19, 2024. Posted in Mortgage Treasure Island FL, Treasure Island FL Mortgage.

How Do Presidential Elections Impact the Housing Market? | How do presidential elections impact the housing market? Data shows Presidential elections only have a small and temporary impact on the housing market. If you have questions about what this means for your move, let’s connect. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Florida Mortgage | Unlocking the Benefits of Your Home Equity

Written by Treasure Island FL Mortgage Syndicated User on October 17, 2024. Posted in Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Unlocking the Benefits of Your Home Equity | Home equity is the difference between how much your home is worth and how much you owe on your mortgage. And for most people it’s gotten a big boost in recent years, thanks to rising home prices. If you want to find out how much equity you have, reach out for a professional equity assessment report. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Florida Mortgage | Reasons To Move in Today’s Shifting Market

Written by Treasure Island FL Mortgage Syndicated User on October 15, 2024. Posted in Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Reasons To Move in Today’s Shifting Market | You have 3 key opportunities if you’re looking to move this fall. Inventory is growing, homebuilders are motivated to sell, and mortgage rates have come down from their recent peak. Let’s connect if you want more information. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Florida Mortgage | Home Inspections for Sellers: How To Prepare

Written by Treasure Island FL Mortgage Syndicated User on October 13, 2024. Posted in Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Home Inspections for Sellers: How To Prepare | Wondering how to get your house ready for the inspection? You may want to do some select repairs before listing to get ahead. To decide what’s worth tackling, you need expert advice. Let’s chat so you know what to prioritize. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Florida Mortgage | Buy Now, or Wait?

Written by Treasure Island FL Mortgage Syndicated User on October 11, 2024. Posted in Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Buy Now, or Wait? | You may be tempted to wait until mortgage rates come down even more. But here’s what you need to know. If you wait, you’ll have to compete with all those other people when you go to buy your next home. You have a chance to get ahead of the other buyers right now. Let’s connect and make it happen. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Florida Mortgage | Lower Mortgage Rates Boost Your Buying Power

Written by Treasure Island FL Mortgage Syndicated User on October 8, 2024. Posted in Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Lower Mortgage Rates Boost Your Buying Power | As rates drop, your monthly payment on your next home will too. Let’s connect to talk about how today’s rates boost your purchasing power. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Florida Mortgage | Early Housing Market Forecasts for 2025

Written by Treasure Island FL Mortgage Syndicated User on October 6, 2024. Posted in Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Early Housing Market Forecasts for 2025 | Thinking about moving in 2025? Here’s what experts say you can expect. Mortgage rates are projected to come down. More homes are expected to sell. And prices are forecast to go up. Let’s connect to talk about what this means for your plans to move. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany #mortgagetips

Buying Beats Renting in 22 Major U.S. Cities

Written by Treasure Island FL Mortgage Syndicated User on October 1, 2024. Posted in Affordability, For Buyers, Home Prices, Inventory, Mortgage Rates, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments (see chart below):As mortgage rates have eased off their recent peak, home prices have moderated, and inventory has ticked up, affordability has improved significantly. When you add all of that up, it’s getting less expensive to buy a home than to rent one in many parts of the country.This is a big deal if you’ve been renting for a while now. But if you don’t see your city on this list, don’t sweat it. Things are moving fast, and your area might...

Buy Now, or Wait?

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

Some HighlightsIf you’re wondering if you should buy now or wait, here’s what you need to know. If you wait for rates to drop more, you’ll have to deal with more competition and higher prices as additional buyers jump back in. But if you buy now, you’d get ahead of that and have the chance to start building equity.Should you buy now or wait? Connect with a real estate agent and talk through it together, so you can make your best decision.

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