Florida Mortgage | Florida Market Update September 2022
Florida Market Update September 2022 | NMLS ID 1834853 #floridamarketupdate #floridarealestate #fidelityhomegroup
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3 Graphs Showing Why Today’s Housing Market Isn’t Like 2008
With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. It’s only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008. But the good news is, there’s concrete data to show why this is nothing like the last time.
There’s Still a Shortage of Homes on the Market Today, Not a Surplus
For historical context, there were too many homes for sale during the housing crisis (many of which were short sales and foreclosures), and that caused prices to fall dramatically....
What Happens to Housing when There’s a Recession?
Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around whether we’re officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly. As the 2022 CEO Outlook from KPMG says:
“Global CEOs see a ‘mild and short’ recession, yet optimistic about global economy over 3-year horizon . . .
More than 8 out of 10 anticipate a recession over the next 12 months, with more than half expecting it to be mild and short.”
To add...
Pre-Approval Is a Critical First Step on Your Homebuying Journey
If you’re planning to buy a home this year, one of the first steps on your journey is getting pre-approved. Especially in today’s market when mortgage rates are higher than they were just a few months ago, getting a mortgage pre-approval can be a game changer. Here’s why.
What Is Pre-Approval?
To better understand why pre-approval is key, it’s important to know what pre-approval is. The Mortgage Reports explains it like this:
“When you’re ready to take the leap into homeownership, your first step is mortgage preapproval. . . . A mortgage preapproval is when a lender determines you’re...
Halloween Festivities
Event date: October 29, 2022 Event Time: 07:00 PM – 09:00 PMLocation: Oveta McKeithen Recreational complex | 445 SW 2nd Deerfield Beach, FL 33441
The Haunted Arboretum
Event date: October 28, 2022 Event Time: 08:00 PM – 11:00 PMLocation: Constitution Park & Arboretum | 2841 W. Hillsboro Deerfield Beach, FL 33441
Forest Bathing
Event date: November 4, 2022 Event Time: 03:30 PM – 05:30 PMLocation: 2841 W. Hillsboro BlvdDeerfield Beach, FL 33442Description:This special Forest Bathing workshop for teens will be led by Donna Mansbart, Certified Forest Therapy Guide (Shinrin-Yoku). Forest bathing is beneficial to physiological, mental, and emotional health. A walk can engage the Parasympathetic nervous system to relax our bodies, lower cortisol levels and boost our immune system, improve sleep, and lower blood pressure.
3 Questions You May Be Asking About Selling Your House Today [INFOGRAPHIC]
Some Highlights
If you’re planning to sell your house this year, you likely have questions about what the shift in the housing market means for your home sale.
You might be wondering: Should I wait to sell? Are buyers still out there? And can I afford to buy my next home?
Let’s connect so you can get answers to these questions and learn about the opportunities you still have in today’s housing market.
Content previously posted on Keeping Current Matters
What’s Ahead for Home Prices?
As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well. And if you’re following along with headlines in the media, you’re probably seeing a wide range of opinions calling for everything from falling home prices to ongoing appreciation. But what’s true? What’s most likely to happen moving forward?
While opinions differ, the most likely outcome is we’ll fall somewhere in the middle of slight appreciation and slight depreciation. Here’s a look at the latest expert projections so you have the best information possible...
Should You Still Buy a Home with the Latest News About Inflation?
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession.
You’re likely feeling the impact in your day-to-day life as you watch the cost of goods and services climb. The pinch it’s creating on your wallet and the looming economic uncertainty may leave you wondering: “should I still buy a home right now?” If that question is top of mind for you, here’s what you need to know.
Homeownership Is Historically a...