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

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...

Sellers Have an Opportunity with Today’s Home Prices

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

As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that trend. According to data from CoreLogic, home price appreciation has been re-accelerating since November. The graph below shows this increase in home price appreciation in green: This is largely due to an ongoing imbalance in supply and demand. Specifically, housing supply is still low, and demand...

Sellers Have an Opportunity as Home Prices Re-Accelerate

Written by Cedar Key Mortgage Syndicated User on May 24, 2022. Posted in Cedar Key Mortgage, For Sellers, Housing Market Updates, Mortgage Cedar Key, Move-Up Buyers, Pricing.

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...

The One Thing Every Homeowner Needs To Know About a Recession

Written by Cedar Key Mortgage Syndicated User on May 19, 2022. Posted in Cedar Key Mortgage, For Buyers, For Sellers, Housing Market Updates, Mortgage Cedar Key.

A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value. The National Bureau of Economic Research (NBER) defines a recession this way: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its...

If You’re a Homeowner, You Have Incredible Leverage When You Sell Today

Written by Cedar Key Mortgage Syndicated User on May 16, 2022. Posted in Cedar Key Mortgage, For Sellers, Housing Market Updates, Mortgage Cedar Key.

In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition among buyers. Right now, homebuyers want three things: To be the winning bid on their dream home To buy before mortgage rates rise more To buy before home prices go even higher These buyer needs give you an amazing advantage – also known as leverage – when you sell. What Does This Mean for Sellers Today? You might already realize this enables you to sell at a good...

Should You Update Your House Before Selling? Ask a Real Estate Professional. [INFOGRAPHIC]

Written by Cedar Key Mortgage Syndicated User on May 13, 2022. Posted in Cedar Key Mortgage, For Sellers, Infographics, Mortgage Cedar Key, Selling Myths.

Some Highlights If you’re deciding whether you should make updates before you sell your house, lean on your trusted real estate advisor to be your guide. In today’s sellers’ market, buyers have limited options and may be more willing to take on repairs themselves. If you’re thinking about selling your house, let’s connect so you have expert advice that’s customized to your home and our local area. Content previously posted on Keeping Current Matters

Will Home Prices Fall This Year? Here’s What Experts Say.

Written by Cedar Key Mortgage Syndicated User on May 10, 2022. Posted in Cedar Key Mortgage, For Buyers, For Sellers, Housing Market Updates, Mortgage Cedar Key, Move-Up Buyers, Pricing.

Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals. What’s Happening with Home Prices? Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says: “Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%.” So why are prices climbing so much? It’s because there are more buyers than...

Category: For Sellers