Experts Project Mortgage Rates Will Continue To Rise in 2022

Written by Naples Mortgage Syndicated User on November 4, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Naples Florida Mortgage, Naples Mortgage, Pricing.

Mortgage rates are one of several factors that impact how much you can afford if you’re buying a home. When rates are low, they help you get more house for your money. Within the last year, mortgage rates have hit the lowest point ever recorded, and they’ve hovered in the historic-low territory. But even over the past few weeks, rates have started to rise. This past week, the average 30-year fixed rate was 3.14%. What does this mean if you’re thinking about making a move? Waiting until next year will cost you more in the long run. Here’s a look at what several experts project for mortgage rates...

Sellers Have Incredible Leverage in Today’s Market

Written by Naples Mortgage Syndicated User on November 3, 2021. Posted in For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Naples Florida Mortgage, Naples Mortgage, Pricing.

With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), puts it best, saying: “Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further next year.” But the sense of urgency they feel is complicated by the lack of homes for sale in today’s market. According to the latest Existing Home Sales Report from NAR: “From one year ago, the inventory of unsold homes decreased...

Florida Mortgage | Don’t Fear Todays Real Estate Market

Written by Naples Mortgage Syndicated User on November 2, 2021. Posted in Naples Florida Mortgage, Naples Mortgage.

Renters Missed Out on $51,500 This Past Year

Written by Naples Mortgage Syndicated User on November 2, 2021. Posted in First Time Home Buyers, For Buyers, Naples Florida Mortgage, Naples Mortgage, Pricing, Rent vs. Buy.

Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic: “Since January of this year, the national median rent has increased by a staggering 16.4 percent. To put that in context, rent growth from January to September averaged just 3.4 percent in the pre-pandemic years from 2017-2019.” Looking back, we can see rents rising isn’t new. The median rental price has increased consistently over the past 33 years (see graph below):If you’re thinking of renting...

The Mortgage Process Doesn’t Have To Be Scary [INFOGRAPHIC]

Written by Naples Mortgage Syndicated User on October 30, 2021. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Naples Florida Mortgage, Naples Mortgage.

Some Highlights Applying for a mortgage is a big step towards homeownership, but it doesn’t need to be one you fear. Here are some tips to help you prepare. Know your credit score and work to build strong credit. When you’re ready, lean on your agent to connect you with a lender so you can get pre-approved and begin your home search. Any major life change can be scary, and buying a home is no different. Let’s connect so you have an advisor by your side to take the fear out of the equation. Content previously posted on Keeping Current Matters

Does Your House Have What Buyers Want?

Written by Naples Mortgage Syndicated User on October 29, 2021. Posted in For Sellers, Housing Market Updates, Naples Florida Mortgage, Naples Mortgage.

The rise in remote work is changing what many Americans want in their homes. Many companies are choosing to delay reopening or go remote full-time, and today’s buyers are looking for homes with more space to support their work needs. As a seller, if you no longer need the extra room you have in your home, rest assured there are buyers who do. Remote Work Is Here To Stay Remote work remains a reality for many Americans. A recent poll from Garter, Inc. shows many organizations have not yet returned their offices: “. . . 66% of organizations are delaying reopening their offices due to new COVID-19...

Housing Challenge or Housing Opportunity? It Depends.

Written by Naples Mortgage Syndicated User on October 29, 2021. Posted in For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Naples Florida Mortgage, Naples Mortgage, Pricing.

The biggest challenge in real estate today is the lack of available homes for sale. The low housing supply has caused homes throughout the country to appreciate at a much faster rate than what we’ve experienced historically. There are many reasons for the limited number of homes on the market, but as you can see in the graph below, we’re well below where we’ve been for most of the past 10 years. Today, across the country, there is only a 2.4-month supply of homes available for sale. The Opportunity This lack of homes for sale is creating a challenge for many buyers who are growing frustrated...

There Are More Homes Available Now than There Were This Spring

Written by Naples Mortgage Syndicated User on October 27, 2021. Posted in For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Naples Florida Mortgage, Naples Mortgage.

There’s a lot of talk lately about how challenging it can be to find a home to buy. While housing inventory is still low, there are a few important things to understand about the supply of homes for sale as we move into the end of the year. The Number of Homes for Sale Usually Peaks in the Fall In the residential real estate market, trends generally follow a predictable and seasonal pattern. Typically, the number of homes available for sale (or active monthly listings) peaks in the fall. But in a chapter where so little feels normal, the question becomes: should we expect a fall peak this year? If...

Knowledge Is Power When It Comes to Appraisals and Inspections

Written by Naples Mortgage Syndicated User on October 26, 2021. Posted in Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Naples Florida Mortgage, Naples Mortgage.

Buyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand and low housing supply are driving intense competition and leading some buyers to consider waiving those contingencies to stand out in the crowded market. But is that the best move? Buying a home is one of the most important transactions in your lifetime, and it’s critical to keep your best interests in mind. Here’s a breakdown of what to expect from the appraisal and the inspection, and why each one can potentially save you a lot of time, money,...

Your Home Equity Is Growing [INFOGRAPHIC]

Written by Naples Mortgage Syndicated User on October 23, 2021. Posted in For Sellers, Housing Market Updates, Infographics, Move-Up Buyers, Naples Florida Mortgage, Naples Mortgage.

Some Highlights If you’re a homeowner, today’s rising equity is great news. On average, homeowners have gained $51,500 in equity since this time last year. Whether it’s funding an education, fueling your next move, or starting a business, your home equity is a great tool you can use to power your dreams. Ready to sell? Let’s connect to talk about how you can take advantage of your rising equity to reach your goals. Content previously posted on Keeping Current Matters

Author: Naples Mortgage Syndicated User