Expect the Unexpected: Anticipating Volatility in Today’s Housing Market

Written by Deerfield Beach Mortgage Syndicated User on November 6, 2024. Posted in Agent Value, Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, For Sellers, Selling Tips.

You’ve probably noticed one thing if you’re thinking about making a move: the housing market feels a bit unpredictable right now. The truth is, from home prices to mortgage rates, we’re seeing more volatility – and it’s important to understand why.At a high-level, let’s break down what’s happening and the best way to navigate it.What’s Driving Today’s Market Volatility?Factors like economic data, unemployment numbers, decisions coming out of the Federal Reserve (The Fed), and even the presidential election, are creating uncertainty right now – and uncertainty leads to market volatility.You can...

Is a Fixer Upper Right for You?

Written by Deerfield Beach Mortgage Syndicated User on November 5, 2024. Posted in Affordability, Buying Tips, Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, For Buyers.

Looking to buy a home but feeling like almost everything is out of reach? Here’s the thing. There’s still a way to become a homeowner, even when affordability seems like a huge roadblock – and it might be with a fixer upper. Let’s dive into why buying a fixer upper could be your ticket to homeownership and how you can make it work.What Is a Fixer Upper?A fixer upper is a home that’s in livable condition but needs some work. The amount of work varies by home – some may need cosmetic updates like wallpaper removal and new flooring, while others might require more extensive repairs like replacing...

Q&A: How Do Presidential Elections Impact the Housing Market?

Written by Deerfield Beach Mortgage Syndicated User on November 2, 2024. Posted in Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, Economy, Home Prices, Infographics, Mortgage Rates.

Some HighlightsEven if you’re not looking to move right away, you may have questions about how the election will impact the housing market.When we look at historical trends, combined with what’s happening right now, we can find your answers. Based on historical data, mortgage rates decrease in the months before and home prices and sales increase the year after the election.The facts show Presidential elections only have a small and temporary impact on the housing market.

How Real Estate Agents Take the Fear Out of Moving

Written by Deerfield Beach Mortgage Syndicated User on November 1, 2024. Posted in Agent Value, Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, For Buyers, For Sellers.

Feeling a bit unsure, or even afraid, to move with everything going on right now? The decision to move shouldn’t be scary, it should be exciting. And the best way to eliminate any fear is to work with a pro. Real estate agents are so much more than just transaction facilitators; they’re trusted guides to help you navigate the complexities of the housing market with confidence and ease. And a great agent can turn what may feel like a daunting process into a manageable—and even enjoyable—experience.That’s why, in a Bright MLS survey, respondents agreed partnering with an agent is essential and...

Avoid These Top Homebuyer Mistakes in Today’s Market

Written by Deerfield Beach Mortgage Syndicated User on October 31, 2024. Posted in Agent Value, Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, For Buyers.

No one likes making mistakes, especially when they happen in what’s likely the biggest transaction of your life – buying a home.That’s why partnering with a trusted agent is so important. Here’s a sneak peek at the most common missteps buyers are making in today’s market and how a great agent will help you steer clear of each one.Trying To Time the MarketMany buyers are trying to time the market by waiting for home prices or mortgage rates to drop. This can be a really risky strategy because there’s so much at play that can have an impact on those things. As Elijah de la Campa, Senior Economist...

Why Home Sales Bounce Back After Presidential Elections

Written by Deerfield Beach Mortgage Syndicated User on October 30, 2024. Posted in Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, Economy, For Buyers, For Sellers, Home Prices.

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...

Bingo Night

Written by Deerfield Beach Mortgage Syndicated User on October 29, 2024. Posted in Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage.

Event date: November 1, 2024 Event Time: 06:00 PM – 08:00 PMLocation: 580 Powerline RoadDeerfield Beach, FL 33441

Why Your House Will Shine in Today’s Market

Written by Deerfield Beach Mortgage Syndicated User on October 29, 2024. Posted in Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, For Sellers, Inventory.

Even though there are more homes available for sale than there were at this time last year, there are still more buyers than there are houses to choose from. So, know that if you’ve got moving on your mind, your house can really stand out.There are several key reasons why there aren’t enough homes to go around and understanding them will help you see why the market is working in your favor if you’re ready to make a move.What’s Causing the Shortage?1. Underproduction of Homes: For years, the industry hasn’t built enough homes to keep up with demand. As Zillow explains:“In 2022, 1.4 million homes...

Debunking Scary Myths About Buying a Home

Written by Deerfield Beach Mortgage Syndicated User on October 26, 2024. Posted in Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, For Buyers, Infographics.

Some HighlightsThere are a number of scary myths about homebuying in today’s market. Here’s what you need to know.Prices are not expected to crash, it is possible to buy even with student loan debt, and there are programs that can help you save for a down payment.Don’t let scary myths delay your homebuying plans. Connect with an agent so you have a pro to help you separate the facts from your fears.

Why Today’s Foreclosure Numbers Won’t Trigger a Crash

Written by Deerfield Beach Mortgage Syndicated User on October 25, 2024. Posted in Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, Economy, Foreclosures.

With everything feeling more expensive these days, it’s natural to worry about how rising costs might impact the housing market. Many people are concerned that high prices and tighter budgets could cause more homeowners to fall behind on their mortgage payments, leading to a wave of foreclosures.But before you start worrying about a housing market crash, here’s a look at what’s really happening. And the good news is: the latest foreclosure data shows there’s no wave on the horizon.How Today’s Market Is Different from 2008Let’s ease those fears by looking at the bigger picture. The graph below...

Author: Deerfield Beach Mortgage Syndicated User