A Real Estate Professional Helps You Separate Fact from Fiction

Written by Tampa Bay Mortgage Syndicated User on July 29, 2022. Posted in Buying Myths, For Buyers, For Sellers, Housing Market Updates, Mortgage Tampa, Pricing, Selling Myths, Tampa Bay Mortgage, Tampa Mortgage.

If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture. The real estate market is shifting, and when that happens, it can be hard to separate fact from fiction. That’s where a trusted real estate professional comes in. They can help debunk the headlines so you can really understand today’s market and what it means for you. Here are three common housing market myths you might be hearing, along with the expert analysis that provides better context. Myth 1: Home Prices Are Going To Fall One piece of fiction many buyers...

Want To Buy a Home? Now May Be the Time.

Written by Tampa Bay Mortgage Syndicated User on July 28, 2022. Posted in First Time Home Buyers, For Buyers, Mortgage Tampa, Move-Up Buyers, Tampa Bay Mortgage, Tampa Mortgage.

There are more homes for sale today than at any time last year. So, if you tried to buy a home last year and were outbid or out priced, now may be your opportunity. The number of homes for sale in the U.S. has been growing over the past four months as rising mortgage rates help slow the frenzy the housing market saw during the pandemic. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains why the shifting market creates a window of opportunity for you: “This is an opportunity for people with a secure job to jump into the market, when other people are a little...

A Window of Opportunity for Homebuyers

Written by Tampa Bay Mortgage Syndicated User on July 27, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Tampa, Move-Up Buyers, Tampa Bay Mortgage, Tampa Mortgage.

Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales. But the transition back toward pre-pandemic levels isn’t a bad thing. In fact, the years leading up to the pandemic were some of the best the housing market has seen. That’s why, as the market undergoes this shift, it’s important to compare today not to the abnormal pandemic years, but to the most recent normal years to show how the current...

What’s Causing Ongoing Home Price Appreciation?

Written by Tampa Bay Mortgage Syndicated User on July 26, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Tampa, Pricing, Tampa Bay Mortgage, Tampa Mortgage.

If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. While experts say price growth will moderate due to the shifting market, ongoing appreciation is expected. That means home prices won’t fall. Here’s a look at two key reasons experts forecast continued price growth: supply and demand. While Growing, Housing Supply Is Still Low Even though inventory is increasing this year as the market moderates, supply is still low. The graph below helps tell the story of why there still aren’t enough homes on the market today....

Great News About Housing Inventory [INFOGRAPHIC]

Written by Tampa Bay Mortgage Syndicated User on July 23, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Mortgage Tampa, Move-Up Buyers, Tampa Bay Mortgage, Tampa Mortgage.

Some Highlights Experts say the number of homes for sale is growing this year, and that can have a big impact on your move. If you’re planning to buy, additional options in today’s market may be just what you’ve been waiting for. More inventory means added opportunities to find the home of your dreams. Let’s connect so you have the latest information on available homes in our area. Content previously posted on Keeping Current Matters

Think Home Prices Are Going To Fall? Think Again

Written by Tampa Bay Mortgage Syndicated User on July 22, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Tampa, Move-Up Buyers, Pricing, Tampa Bay Mortgage, Tampa Mortgage.

Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price growth is supported by strong market fundamentals. To understand why price declines are unlikely, it’s important to explore what caused home prices to rise so much recently, and where experts say home prices are headed. Here’s what you need to know. Home Prices Rose Significantly in Recent Years The graph...

Should You Buy a Home with Inflation This High?

Written by Tampa Bay Mortgage Syndicated User on July 21, 2022. Posted in Buying Myths, For Buyers, Mortgage Tampa, Pricing, Tampa Bay Mortgage, Tampa Mortgage.

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now? Greg McBride, Chief Financial Analyst at Bankrate, explains how inflation is affecting the housing market: “Inflation will have a strong influence on where mortgage rates go in the months ahead. . . . Whenever inflation finally starts to ease, so will mortgage rates — but even then, home prices are...

Why Pre-Approval Is a Game Changer for Homebuyers

Written by Tampa Bay Mortgage Syndicated User on July 20, 2022. Posted in First Time Home Buyers, For Buyers, Mortgage Tampa, Move-Up Buyers, Tampa Bay Mortgage, Tampa Mortgage.

If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today’s shifting market? The truth is, getting a pre-approval letter from your lender is critical, and when it comes to your home search, it can be a game changer in so many ways. To better understand why, it’s important to know what pre-approval is. Freddie Mac defines the process like this: “A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money...

Should I Rent or Should I Buy? [INFOGRAPHIC]

Written by Tampa Bay Mortgage Syndicated User on July 16, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Mortgage Tampa, Rent vs. Buy, Tampa Bay Mortgage, Tampa Mortgage.

Some Highlights It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home. When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t see a return on your investment, and limit your ability to save. If you want to learn more about the benefits of homeownership, let’s connect today. Content previously posted on Keeping Current Matters

Housing Experts Say This Isn’t a Bubble

Written by Tampa Bay Mortgage Syndicated User on July 15, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Tampa, Tampa Bay Mortgage, Tampa Mortgage.

With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what’s happening with real estate today, it’s important to lean on the experts for reliable information. Here’s why economists and industry experts say the housing market is not a bubble ready to pop. Today Is Nothing Like 2008 The 2008 housing crash is still fresh in the minds of many homebuyers and sellers. But today’s market is different. Odeta Kushi, Deputy Chief Economist at First American, says: “This is not the same market of 2008....

Category: For Buyers