Should I Buy a Home Right Now?

Written by Cedar Key Mortgage Syndicated User on July 13, 2022. Posted in Cedar Key Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Cedar Key, Move-Up Buyers, Pricing.

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 Cedar Key Mortgage Syndicated User on July 12, 2022. Posted in Cedar Key Mortgage, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Cedar Key, Pricing.

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 Cedar Key Mortgage Syndicated User on July 11, 2022. Posted in Cedar Key Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Cedar Key, Move-Up Buyers.

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...

What Does an Economic Slowdown Mean for the Housing Market?

Written by Cedar Key Mortgage Syndicated User on July 7, 2022. Posted in Cedar Key Mortgage, For Buyers, Housing Market Updates, Interest Rates, Mortgage Cedar Key.

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...

Is Homeownership Still the American Dream?

Written by Cedar Key Mortgage Syndicated User on July 5, 2022. Posted in Cedar Key Mortgage, First Time Home Buyers, For Buyers, Mortgage Cedar Key.

Defining the American dream is personal, and no one individual will have the same definition as another. But the feelings it brings about – success, freedom, and a sense of prosperity – are universal. That’s why, for many people, homeownership remains a key part of the American dream. Your home is your stake in the community, a strong financial investment, and an achievement to be proud of. A recent survey from Bankrate asked respondents to rank achievements as indicators of financial success, and the responses prove that owning a home is still important to so many Americans today (see graph...

Real Estate Consistently Voted Best Investment [INFOGRAPHIC]

Written by Cedar Key Mortgage Syndicated User on July 1, 2022. Posted in Cedar Key Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Mortgage Cedar Key, Move-Up Buyers.

Some Highlights Based on a recent Gallup poll, real estate has been rated the best long-term investment for nine years in a row. Owning real estate is more than just a place to call home. It’s also an investment in your future. That’s because it’s typically a stable and secure asset that can grow in value over time. If you’re ready to buy a home and invest in your future, let’s connect. Content previously posted on Keeping Current Matters

Homeownership Could Be in Reach with Down Payment Assistance Programs

Written by Cedar Key Mortgage Syndicated User on June 29, 2022. Posted in Buying Myths, Cedar Key Mortgage, Down Payments, For Buyers, Mortgage Cedar Key.

A recent survey from Bankrate asks prospective buyers to identify the biggest obstacles in their homebuying journey. It found that 36% of those polled said saving for a down payment is one of their primary hurdles to buying a home. If you feel the same way, the good news is there are many down payment assistance programs available that can help you achieve your homeownership goals. The key is understanding where to look and learning what options are available. Here’s some information that can help you. You Can Qualify Even if You’ve Purchased a Home Before There are several misconceptions about...

A Key Opportunity for Homebuyers

Written by Cedar Key Mortgage Syndicated User on June 28, 2022. Posted in Cedar Key Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Cedar Key, Move-Up Buyers.

There’s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. Two of the biggest hurdles homebuyers faced during the pandemic were the limited number of homes for sale and the intensity and frequency of bidding wars. But those two things have reached a turning point. As you may have already heard, the number of homes for sale has increased this year, and even more so this spring. As Danielle Hale, Chief Economist for realtor.com, explains: “New listings–a measure of sellers putting homes up for sale–were up 6% above one year ago. Home...

Two Reasons Why Today’s Housing Market Isn’t a Bubble

Written by Cedar Key Mortgage Syndicated User on June 27, 2022. Posted in Cedar Key Mortgage, For Buyers, For Sellers, Housing Market Updates, Mortgage Cedar Key, Pricing.

You may be reading headlines and hearing talk about a potential housing bubble or a crash, but it’s important to understand that the data and expert opinions tell a different story. A recent survey from Pulsenomics asked over one hundred housing market experts and real estate economists if they believe the housing market is in a bubble. The results indicate most experts don’t think that’s the case (see graph below): As the graph shows, a strong majority (60%) said the real estate market is not currently in a bubble. In the same survey, experts give the following reasons why this isn’t like...

Homeownership Is a Great Hedge Against the Impact of Rising Inflation

Written by Cedar Key Mortgage Syndicated User on June 23, 2022. Posted in Cedar Key Mortgage, First Time Home Buyers, For Buyers, Mortgage Cedar Key, Pricing.

If you’re following along with the news today, you’ve heard about rising inflation. Today, inflation is at a 40-year high. According to the National Association of Home Builders (NAHB): “Consumer prices accelerated again in May as shelter, energy and food prices continued to surge at the fastest pace in decades. This marked the third straight month for inflation above an 8% rate and was the largest year-over-year gain since December 1981.” With inflation rising, you’re likely feeling it impact your day-to-day life as prices go up for gas, groceries, and more. These climbing consumer costs...

Category: For Buyers