Today’s Biggest Housing Market Myths

Written by Deerfield Beach Mortgage Syndicated User on August 23, 2024. Posted in Buying Tips, Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, Economy, For Buyers, Mortgage Rates.

Have you ever heard the phrase: don’t believe everything you hear? That’s especially true if you’re thinking about buying or selling a home in today’s housing market. There’s a lot of misinformation out there. And right now, making sure you have someone you can go to for trustworthy information is extra important.If you partner with a real estate agent, they can clear up some common misconceptions and reassure you by backing them up with research-driven facts. Here are just a few misconceptions they can help disprove.1. I’ll Get a Better Deal Once Prices CrashIf you’ve heard home prices are...

How To Choose a Great Local Real Estate Agent

Written by Deerfield Beach Mortgage Syndicated User on August 21, 2024. Posted in Agent Value, Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, For Buyers, For Sellers.

Selecting the right real estate agent can make a world of difference when buying or selling a home. But how do you find the best one? Here are some tips to help you make that big decision as you determine your partner in the process.Check Their ReputationStart by gathering information about agents in your area. From there, try to narrow down the list. Ask the people you trust if they have someone they’d recommend. You’ll want to find an agent with a strong online presence, plenty of positive reviews, and someone whose great reputation truly precedes them. As Freddie Mac explains:“. . . you may...

How Mortgage Rate Changes Impact Your Homebuying Power

Written by Deerfield Beach Mortgage Syndicated User on August 20, 2024. Posted in Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, For Buyers, For Sellers, Mortgage Rates.

If you’re thinking about buying or selling a home, you’ve probably got mortgage rates on your mind. That’s because you’ve likely heard that mortgage rates impact how much you can afford in your monthly mortgage payment, and you want to factor that into your planning. Here’s what you need to know.What’s Happening with Mortgage Rates?Mortgage rates have been trending down recently. While that’s good news for your homebuying plans, it’s important to know that rates can be unpredictable because they’re affected by many factors. Things like the economy, job market, inflation, and decisions made by...

3 Reasons To Move in Today’s Shifting Market

Written by Deerfield Beach Mortgage Syndicated User on August 17, 2024. Posted in Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, For Buyers, Infographics, Mortgage Rates.

Some HighlightsThe housing market is in a transition. And that gives you 3 key opportunities going into the fall.There are more homes actively for sale. Builders are motivated to sell, so a newly built home may be more achievable than you think. And mortgage rates have come down from their recent peak.If you’re ready and able to buy, you may find the housing market this fall a bit easier to navigate. Connect with an agent to get started.?

What Credit Score Do You Really Need To Buy a House?

Written by Deerfield Beach Mortgage Syndicated User on August 16, 2024. Posted in Agent Value, Buying Tips, Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, First-Time Buyers, For Buyers.

When you’re thinking about buying a home, your credit score is one of the biggest pieces of the puzzle. Think of it like your financial report card that lenders look at when trying to figure out if you qualify, and which home loan will work best for you. As the Mortgage Report says:“Good credit scores communicate to lenders that you have a track record for properly managing your debts. For this reason, the higher your score, the better your chances of qualifying for a mortgage.”The trouble is most buyers overestimate the minimum credit score they need to buy a home. According...

Is Affordability Starting To Improve?

Written by Deerfield Beach Mortgage Syndicated User on August 14, 2024. Posted in Affordability, Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, Economy, For Buyers, Home Prices, Mortgage Rates.

Over the past couple of years, a lot of people have had a hard time buying a home. And while affordability is still tight, there are signs it’s getting a little better and might keep improving throughout the rest of the year. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:“Housing affordability is improving ever so modestly, but it is moving in the right direction.”Here’s a look at the latest data on the three biggest factors affecting home affordability: mortgage rates, home prices, and wages. 1. Mortgage RatesMortgage rates have been volatile this year,...

Are There More Homes for Sale Where You Live?

Written by Deerfield Beach Mortgage Syndicated User on August 13, 2024. Posted in Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, For Buyers, Inventory.

One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year. Recent data from Realtor.com shows that nationally, there are 36.6% more homes actively for sale now compared to the same time last year. That’s a significant improvement. It gives you far more options for your move than you would’ve had just a year ago. And with supply improving, you’re also regaining a bit of negotiation power. So, if you’re someone who thought about buying a home over the last few years but was discouraged by how limited inventory...

Where Will You Go After You Sell?

Written by Deerfield Beach Mortgage Syndicated User on August 9, 2024. Posted in Affordability, Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, For Buyers, For Sellers, New Construction.

If you’re planning to sell your house and move, you probably know there’s been a shortage of options available. But here’s the good news: the supply of homes for sale has grown in a lot of markets this year – and that’s not just existing, or previously-owned, homes. It’s true for newly built homes too. So how do you decide which route to go? Do you buy an existing home or a brand-new one? The choice is yours – you just need to figure out what’s most important to you.Perks of a Newly Built HomeHere are some benefits of buying a newly built home right now:Have brand new everything with never-been-used...

Mortgage Rates Down a Full Percent from Recent High

Written by Deerfield Beach Mortgage Syndicated User on August 8, 2024. Posted in Affordability, Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, Economy, For Buyers, Mortgage Rates.

Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability. And if you’re someone who’s looking to make a move, you’ve probably been waiting eagerly for rates to come down for that very reason. Well, if the past few weeks are any indication, you may be getting your wish.Mortgage Rates Trend Down in Recent WeeksThere’s big news for mortgage rates. After the latest reports on the economy, inflation, the unemployment rate, and the Federal Reserve’s recent comments, mortgage rates started dropping a bit. And according to Freddie Mac,...

Why the Sandwich Generation Is Buying Multi-Generational Homes

Written by Deerfield Beach Mortgage Syndicated User on August 2, 2024. Posted in Buying Tips, Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, For Buyers.

Are you a part of the Sandwich Generation? According to Realtor.com, that’s a name for the roughly one in six Americans who take care of their children and their parents or grandparents at the same time.If that sounds familiar to you, juggling all the responsibilities involved certainly must have its challenges. But it turns out there’s one pretty significant benefit: it can actually make it a bit easier for you to buy a home.How Can It Help You Buy a Home?Realtor.com asked members of the Sandwich Generation if they agree or disagree that taking care of children and parents at the same time...

Category: For Buyers