The Big Advantage If You Sell This Spring

Written by Fort Walton Beach Mortgage Syndicated User on April 11, 2023. Posted in For Sellers, Fort Walton Beach Mortgage, Housing Market Updates, Mortgage Fort Walton Beach.

Thinking about selling your house? If you’ve been waiting for the right time, it could be now while the supply of homes for sale is so low. HousingWire shares:“. . . the big question is whether we are finally starting to see the seasonal spring increase in inventory. The answer is no, because active listings fell to a new low last week for 2023 . . .”The National Association of Realtors (NAR) confirms today’s housing inventory is low by looking at the months’ supply of homes on the market. In a balanced market, about a six-month supply is needed. Anything lower is a sellers’ market. And today,...

Homebuyer Activity Shows Signs of Warming Up for Spring

Written by Fort Walton Beach Mortgage Syndicated User on April 10, 2023. Posted in For Sellers, Fort Walton Beach Mortgage, Housing Market Updates, Mortgage Fort Walton Beach.

The spring season appears to be warming up in housing as more and more buyers enter the market. And after rising mortgage rates sidelined so many buyers last year, that’s a good sign for sellers. Realtor.com has the latest:“Spring is officially here, and like green shoots emerging from the bleak winter, new data suggests that more buyers are back in the market, although more subdued compared to a year ago.”We know buyer activity is trending up because of mortgage purchase application data. According to Investopedia:“A mortgage application is a document submitted to a lender when you apply for...

Why Aren’t Home Prices Crashing?

Written by Fort Walton Beach Mortgage Syndicated User on April 5, 2023. Posted in For Buyers, For Sellers, Fort Walton Beach Mortgage, Housing Market Updates, Mortgage Fort Walton Beach.

There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people’s ability to buy a home. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing.Even though we’re no longer seeing the buyer frenzy that drove home values up during the pandemic, prices have been relatively flat at the national level. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), doesn’t expect that to change:“[H]ome prices...

Two Reasons You Should Sell Your House

Written by Fort Walton Beach Mortgage Syndicated User on April 4, 2023. Posted in For Sellers, Fort Walton Beach Mortgage, Housing Market Updates, Mortgage Fort Walton Beach, Selling Myths.

Wondering if you should sell your house this year? As you make your decision, think about what’s motivating you to consider moving. A recent survey from realtor.com asked why homeowners are thinking about selling their houses this year. Here are the top two reasons (see graphic below):Let’s break those reasons down and explore how they might resonate with you.1. I Want To Take Advantage of the Current Market and Make a ProfitWhen you decide to sell your house, how much you’ll make from the sale will likely be top of mind. So, here’s some good news: according to the latest data, the average seller...

4 Key Tips for Selling Your House This Spring

Written by Fort Walton Beach Mortgage Syndicated User on March 29, 2023. Posted in For Sellers, Fort Walton Beach Mortgage, Housing Market Updates, Mortgage Fort Walton Beach, Selling Myths.

Spring has arrived, and that means more and more people are getting their homes ready to sell. But with recent shifts in real estate, this year’s spring housing market will be different from the frenzy of the past several years. To sell your house quickly, without hassles, and for the most money, be sure to follow these four simple tips:1. Make Sure You Give Buyers AccessOne of the biggest mistakes you can make as a seller is limiting the days and times when buyers have access to view your home. In any market, if you want to maximize the sale of your house, you can’t limit potential buyers’...

The Role of Access in Selling Your House

Written by Fort Walton Beach Mortgage Syndicated User on March 21, 2023. Posted in For Sellers, Fort Walton Beach Mortgage, Housing Market Updates, Mortgage Fort Walton Beach, Selling Myths.

Once you’ve made the decision to sell your house and have hired a real estate agent to help, they’ll ask how much access to your home you want to give potential buyers. Your answer matters more now than it did in recent years. Here’s why.At the height of the buying frenzy seen during the pandemic, there was a rise in the number of homebuyers who put offers on houses sight unseen. That happened for three reasons:Extremely low housing inventoryA lot of competition from other buyers wanting to take advantage of historically low mortgage ratesAnd general wariness of in-person home tours during a...

What’s Ahead for Home Prices in 2023

Written by Fort Walton Beach Mortgage Syndicated User on March 20, 2023. Posted in First Time Home Buyers, For Buyers, Fort Walton Beach Mortgage, Housing Market Updates, Mortgage Fort Walton Beach, Move-Up Buyers, Rent vs. Buy.

Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country. And as we get closer to the spring real estate market, experts are continuing to forecast what they believe will happen with home prices this year and beyond.Selma Hepp, Chief Economist at CoreLogic, says:“While 2023 kicked off on a more optimistic note for the U.S. housing market, recent...

Here’s Why the Housing Market Isn’t Going To Crash [INFOGRAPHIC]

Written by Fort Walton Beach Mortgage Syndicated User on March 17, 2023. Posted in For Sellers, Foreclosures, Fort Walton Beach Mortgage, Housing Market Updates, Infographics, Mortgage Fort Walton Beach, Pricing.

2 Things Sellers Need To Know This Spring

Written by Fort Walton Beach Mortgage Syndicated User on March 8, 2023. Posted in For Sellers, Fort Walton Beach Mortgage, Housing Market Updates, Mortgage Fort Walton Beach, Selling Myths.

A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in mind.1. Houses That Are Priced Right Are Still SellingHouses that are updated and priced at their current market value are still selling. Jeff Tucker, Senior Economist at Zillow, says:“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”The need to price your house right is so important today because the market has changed...

Equity Gains for Today’s Homeowners

Written by Fort Walton Beach Mortgage Syndicated User on March 2, 2023. Posted in For Sellers, Fort Walton Beach Mortgage, Housing Market Updates, Mortgage Fort Walton Beach, Move-Up Buyers, Pricing.

Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates.

Category: Housing Market Updates