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....

Florida Mortgage | Will mortgage rates hit 7% in the near future?

Written by Tampa Bay Mortgage Syndicated User on July 15, 2022. Posted in Mortgage Tampa, Tampa Bay Mortgage, Tampa Mortgage.

Florida Mortgage | Will mortgage rates hit 7% in the near future? NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Should I Buy a Home Right Now?

Written by Tampa Bay Mortgage Syndicated User on July 14, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Tampa, Move-Up Buyers, Pricing, Tampa Bay Mortgage, Tampa Mortgage.

If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help you make your decision. The Future of Home Price Appreciation Each quarter, Pulsenomics surveys a national panel of over 100 economists, real estate experts, and investment and market strategists to compile projections for the future of home price appreciation. The output is the Home Price Expectation Survey. In the latest release, it forecasts home prices will continue...

Expert Housing Market Forecasts for the Second Half of the Year

Written by Tampa Bay Mortgage Syndicated User on July 13, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Tampa, Pricing, Tampa Bay Mortgage, Tampa Mortgage.

The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s turn to the experts for projections on what the second half of the year holds for residential real estate. Where Mortgage Rates Will Go Depends on Inflation While one of the big questions on all buyers’ minds is where will mortgage rates go in the months ahead, no one has a crystal ball to know exactly what’ll happen in the future. What housing market experts know...

The Drop in Mortgage Rates Brings Good News for Homebuyers

Written by Tampa Bay Mortgage Syndicated User on July 12, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Tampa, Move-Up Buyers, Tampa Bay Mortgage, Tampa Mortgage.

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% two weeks prior (see graph below): But why is this recent dip such good news for homebuyers? As Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains: “According...

Florida Mortgage | Pre-Approval Is a Strategic Move When You’re Buying a Home

Written by Tampa Bay Mortgage Syndicated User on July 12, 2022. Posted in Mortgage Tampa, Tampa Bay Mortgage, Tampa Mortgage.

Pre-Approval Is a Strategic Move When You’re Buying a Home. Getting pre-approved is a great opening play as a homebuyer. Let’s connect so you have a strategy in place that helps you feel confident in your home search. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Florida Mortgage | Record Home Prices in May

Written by Tampa Bay Mortgage Syndicated User on July 9, 2022. Posted in Mortgage Tampa, Tampa Bay Mortgage, Tampa Mortgage.

NMLS ID 1834853 #floridamortgage #floridahomeprices #floridamortgagecompany

Why Growing Home Equity Is Great News if You Plan To Move [INFOGRAPHIC]

Written by Tampa Bay Mortgage Syndicated User on July 9, 2022. Posted in For Sellers, Housing Market Updates, Infographics, Mortgage Tampa, Move-Up Buyers, Pricing, Tampa Bay Mortgage, Tampa Mortgage.

Some Highlights According to the latest data from CoreLogic, the average homeowner gained $64,000 in home equity over the past 12 months. That much equity can be a game-changer when you move. When you sell, it could be some (if not all) of what you need for a down payment on your next home. To find out how much equity you have in your home and how you can use it, let’s connect today. Content previously posted on Keeping Current Matters

What Does an Economic Slowdown Mean for the Housing Market?

Written by Tampa Bay Mortgage Syndicated User on July 8, 2022. Posted in For Buyers, Housing Market Updates, Interest Rates, Mortgage Tampa, Tampa Bay Mortgage, Tampa Mortgage.

According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they’d use their tools and influence to slow down the economy. All of this brings up many fears and questions around how it might affect our lives, our jobs, and business overall. And one concern many Americans have is: how will this affect the housing market? We know how economic slowdowns have impacted home prices in the past, but how could this...

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