Why the Growing Number of Homes for Sale Is Good for Your Move Up

Written by Cedar Key Mortgage Syndicated User on June 7, 2022. Posted in Cedar Key Mortgage, For Buyers, For Sellers, Housing Market Updates, Mortgage Cedar Key, Move-Up Buyers.

Are you thinking about selling your current home? If so, the biggest question on your mind may be: if I sell now, where will I go? If this resonates with you, there’s something you should know. The number of homes coming onto the market is increasing and that could make it easier for you to move up this summer. According to the latest data from realtor.com, the number of homes being listed for sale, known as new listings, has increased consistently this year (see graph below): While this news has clear benefits for buyers who are craving more options for their home search, what does that mean...

History Proves Recession Doesn’t Equal a Housing Crisis [INFOGRAPHIC]

Written by Cedar Key Mortgage Syndicated User on June 3, 2022. Posted in Cedar Key Mortgage, For Buyers, For Sellers, Housing Market Updates, Infographics, Mortgage Cedar Key, Pricing.

Some Highlights It’s important to understand history proves an economic slowdown does not equal a housing crisis. In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008. If you have questions, let’s connect to discuss why today’s housing market is nothing like 2008. Content previously posted on Keeping Current Matters

How Homeownership Impacts You

Written by Cedar Key Mortgage Syndicated User on June 2, 2022. Posted in Cedar Key Mortgage, First Time Home Buyers, For Buyers, Mortgage Cedar Key, Move-Up Buyers, Rent vs. Buy.

June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be. When you purchase a house, it becomes more than just a space you occupy. It’s your stake in the community, an investment, and a place you can put your stamp on. If you’re thinking about buying a home this year, here are some of the benefits you’ll experience when you do. The Emotional Benefits of Homeownership Because it’s a place that’s uniquely yours, owning a home can give you a sense of pride and happiness in several ways. Your Home Can Reflect Your Tastes and Personality Investopedia...

Why Home Loans Today Aren’t What They Were in the Past

Written by Cedar Key Mortgage Syndicated User on June 1, 2022. Posted in Cedar Key Mortgage, For Buyers, For Sellers, Housing Market Updates, Mortgage Cedar Key.

In today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago. Let’s ease those concerns. Several times a year, the Mortgage Bankers Association (MBA) releases an index titled the Mortgage Credit Availability Index (MCAI). According to their website: “The MCAI provides the only standardized quantitative index that is solely focused on mortgage credit. The MCAI is . . . a summary measure which indicates the availability of mortgage credit at a point in time.” Basically, the index determines...

What Does the Rest of the Year Hold for the Housing Market?

Written by Cedar Key Mortgage Syndicated User on May 31, 2022. Posted in Cedar Key Mortgage, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Cedar Key, Move-Up Buyers.

If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say. The Number of Homes Available for Sale Is Likely To Grow There are early signs housing inventory is starting to grow and experts say that should continue in the months ahead. According to Danielle Hale, Chief Economist at realtor.com: “The gap between this year’s homes for sale and last year’s is one-fifth the size...

Bright Days Are Ahead When You Move Up This Summer [INFOGRAPHIC]

Written by Cedar Key Mortgage Syndicated User on May 27, 2022. Posted in Cedar Key Mortgage, For Buyers, For Sellers, Infographics, Mortgage Cedar Key, Move-Up Buyers.

Some Highlights Warmer weather and longer days mean summer is almost here. Celebrate by upgrading to the home of your dreams so you can enjoy all the season has to offer. When you list your house, you can capitalize on today’s sellers’ market to fuel your upgrade. Then, you can move to a home with the features you want, like space to entertain or rooms for work and play. If you’re ready to upgrade to a home that matches your changing needs, let’s connect. Content previously posted on Keeping Current Matters

Why Summer Is a Great Time To Buy a Vacation Home

Written by Cedar Key Mortgage Syndicated User on May 26, 2022. Posted in Cedar Key Mortgage, For Buyers, Luxury Market, Mortgage Cedar Key.

You may be someone who looks forward to summer each year because it gives you an opportunity to rest, unwind, and enjoy more quality time with your loved ones. Now that summer is just around the corner, it’s worthwhile to start thinking about your plans and where you want to spend your vacations this year. Here are a few reasons a vacation home could be right for you. Why You May Want To Consider a Vacation Home Today Over the past two years, a lot has changed. You may be one of many people who now work from home and have added flexibility in where you live. You may also be someone who delayed...

How Buying or Selling a Home Benefits the Economy and Your Community

Written by Cedar Key Mortgage Syndicated User on May 25, 2022. Posted in Cedar Key Mortgage, For Buyers, For Sellers, Housing Market Updates, Mortgage Cedar Key.

If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a large impact on your community too? To measure that impact, the National Association of Realtors (NAR) releases a report each year to highlight just how much economic activity a home sale generates. The chart below shows how the sale of both a newly built home and an existing home impact the economy: As the visual shows, a single home sale can have a significant effect on the overall economy. To dive a level deeper, NAR also provides a detailed...

Work With a Real Estate Professional if You Want the Best Advice

Written by Cedar Key Mortgage Syndicated User on May 23, 2022. Posted in Cedar Key Mortgage, For Buyers, For Sellers, Mortgage Cedar Key.

Because buying or selling a home is such a big decision in our lives, the need for clear, trustworthy information and guidance is crucial. And while no one can give you perfect advice, when you align yourself with an expert, you’ll get the best advice for your situation. An Expert Will Give You the Best Advice Possible Let’s say you need an attorney, so you seek out an expert in the type of law required for your case. When you go to their office, they won’t immediately tell you how the case is going to end or how the judge or jury will rule. What a good attorney can do, though, is discuss...

Don’t Let Rising Inflation Delay Your Homeownership Plans [INFOGRAPHIC]

Written by Cedar Key Mortgage Syndicated User on May 20, 2022. Posted in Buying Myths, Cedar Key Mortgage, First Time Home Buyers, For Buyers, Infographics, Mortgage Cedar Key.

Some Highlights If recent headlines about rising inflation are making you wonder if it’s still a good time to buy, here’s what experts have to say. Housing is an asset that typically grows in value. Plus, your mortgage helps stabilize your monthly housing costs, and buying protects you from rising rents. Experts say owning a home is historically a good hedge against inflation. Let’s connect if you’re ready to start the homebuying process today. Content previously posted on Keeping Current Matters

Category: For Buyers