What Would a Recession Mean for the Housing Market?

Written by Tampa Bay Mortgage Syndicated User on August 17, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Tampa, Pricing, Tampa Bay Mortgage, Tampa Mortgage.

According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there’d be a recession by now. But this July, when polled, 49% believe we will see a recession in the coming 12 months. And as more recession talk fills the air, one concern many people have is: should I delay my homeownership plans if there’s a recession? Here’s a look at historical data to show what happened in real estate during previous recessions to help prove why...

Why Experts Say the Housing Market Won’t Crash [INFOGRAPHIC]

Written by Tampa Bay Mortgage Syndicated User on August 13, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Mortgage Tampa, Tampa Bay Mortgage, Tampa Mortgage.

Some Highlights Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways. First, there isn’t an oversupply of homes for sale today. Plus, lending standards are much tighter, and homeowners have record levels of equity. That means signs say there won’t be a wave of foreclosures like the last time. If you have questions about the housing market, let’s connect. Content previously posted on Keeping Current Matters

What Does the Rest of the Year Hold for Home Prices?

Written by Tampa Bay Mortgage Syndicated User on August 12, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Tampa, Pricing, Tampa Bay Mortgage, Tampa Mortgage.

Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year? Let’s break down what’s happening with home prices, where experts say they’re headed, and why this matters for your homeownership goals. Last Year’s Rapid Home Price Growth Wasn’t the Norm In 2021, home prices appreciated quickly. One reason why is that record-low mortgage rates motivated more buyers to enter the market. As a result, there were more people looking to make a purchase than there were homes available for sale. That led to competitive bidding wars which drove prices...

Selling Your House? Your Asking Price Matters More Now Than Ever

Written by Tampa Bay Mortgage Syndicated User on August 10, 2022. Posted in For Sellers, Mortgage Tampa, Pricing, Selling Myths, Tampa Bay Mortgage, Tampa Mortgage.

There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you’re thinking of selling your house? While home prices are still appreciating in most markets and experts say that will continue, they’re climbing at a slower pace because rising mortgage rates are creating less buyer demand. Because of this, there are more homes on the market. And in a shift like this one, the way you price your home matters more than ever. Why Today’s Housing Market Is Different During the pandemic, sellers could price their...

Housing Market Forecast for the Rest of 2022 [INFOGRAPHIC]

Written by Tampa Bay Mortgage Syndicated User on August 6, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Mortgage Tampa, Pricing, Tampa Bay Mortgage, Tampa Mortgage.

Some Highlights The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022. Home prices are forecast to rise more moderately than last year. Mortgage rates will respond to inflation, and home sales will be more in line with pre-pandemic years. Let’s connect so you can make your best move this year. Content previously posted on Keeping Current Matters

Why It’s Still a Sellers’ Market

Written by Tampa Bay Mortgage Syndicated User on August 5, 2022. Posted in For Sellers, Housing Market Updates, Mortgage Tampa, Selling Myths, Tampa Bay Mortgage, Tampa Mortgage.

As there’s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to sell your house. If you’re thinking of making a move, you should know the market is still anything but normal. Even though the supply of homes for sale has been growing this year, there’s still a shortage of homes on the market. And that means conditions continue to favor sellers today. That’s because the level of inventory of homes for sale can help determine if buyers or sellers are in the driver’s seat. Think of it...

3 Graphs To Show This Isn’t a Housing Bubble

Written by Tampa Bay Mortgage Syndicated User on August 3, 2022. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Mortgage Tampa, Tampa Bay Mortgage, Tampa Mortgage.

With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. As the housing market shifts, you may be wondering what’ll happen next. It’s only natural for concerns to creep in that it could be a repeat of what took place in 2008. The good news is, there’s concrete data to show why this is nothing like the last time. There’s a Shortage of Homes on the Market Today, Not a Surplus The supply of inventory needed to sustain a normal real estate market is approximately six months. Anything more than that is an overabundance and will causes prices to depreciate....

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...

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....

Wondering Where You’ll Move if You Sell Your House Today?

Written by Tampa Bay Mortgage Syndicated User on July 19, 2022. Posted in For Sellers, Housing Market Updates, Mortgage Tampa, Move-Up Buyers, New Construction, Tampa Bay Mortgage, Tampa Mortgage.

If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. That’s because today’s market is undergoing a shift, and the supply of homes for sale is increasing as a result. That means you may have a better chance of finding a home that will meet your current needs. Here are some options to consider. Buying an Existing Home Can Give You That Lived-in Charm According to the National Association of Realtors (NAR), the supply of existing homes (a home that’s been previously owned) has steadily increased...

Category: For Sellers