Boomers Moving Will Be More Like a Gentle Tide Than a Tsunami

Written by Titusville FL Mortgage Syndicated User on April 5, 2024. Posted in Baby Boomers, Demographics, Housing Market Updates, Titusville Condo Financing, Titusville Mortgage, Titusville Mortgage Rates.

Have you heard the term “Silver Tsunami” getting tossed around recently? If so, here’s what you really need to know. That phrase refers to the idea that a lot of baby boomers are going to move or downsize all at once. And the fear is that a sudden influx of homes for sale would have a big impact on housing. That’s because it would create a whole lot more competition for smaller homes and would throw off the balance of supply and demand, which ultimately would impact home prices. But here’s the thing. There are a couple of faults in that logic. Let’s break them down and put your mind at...

The Latest Trends in Housing [INFOGRAPHIC]

Written by Titusville FL Mortgage Syndicated User on March 16, 2024. Posted in For Sellers, Housing Market Updates, Infographics, Titusville Condo Financing, Titusville Mortgage, Titusville Mortgage Rates.

Some HighlightsWith the number of new listings going up and average days on market going down, buyers may have more options, but will still want to move fast.For sellers, inventory is still low and houses are selling fast, meaning your house should stand out and may get multiple offers if you price it right.If you want to know more about what’s happening in your area, connect with a local real estate agent.

Why There Won’t Be a Recession That Tanks the Housing Market

Written by Titusville FL Mortgage Syndicated User on March 6, 2024. Posted in Foreclosures, Housing Market Updates, Titusville Condo Financing, Titusville Mortgage, Titusville Mortgage Rates.

There’s been a lot of recession talk over the past couple of years. And that may leave you worried we’re headed for a repeat of what we saw back in 2008. Here’s a look at the latest expert projections to show you why that isn’t going to happen. According to Jacob Channel, Senior Economist at LendingTree, the economy’s pretty strong:“At least right now, the fundamentals of the economy, despite some hiccups, are doing pretty good. While things are far from perfect, the economy is probably doing better than people want to give it credit for.”That might be why a recent survey from the Wall...

Why We Aren’t Headed for a Housing Crash

Written by Titusville FL Mortgage Syndicated User on March 1, 2024. Posted in Housing Market Updates, Interest Rates, Pricing, Titusville Condo Financing, Titusville Mortgage, Titusville Mortgage Rates.

If you’re holding out hope that the housing market is going to crash and bring home prices back down, here’s a look at what the data shows. And spoiler alert: that’s not in the cards. Instead, experts say home prices are going to keep going up.Today’s market is very different than it was before the housing crash in 2008. Here’s why.It’s Harder To Get a Loan Now – and That’s Actually a Good ThingIt was much easier to get a home loan during the lead-up to the 2008 housing crisis than it is today. Back then, banks had different lending standards, making it easy for just about anyone to qualify...

Why Today’s Housing Supply Is a Sweet Spot for Sellers

Written by Titusville FL Mortgage Syndicated User on February 28, 2024. Posted in For Sellers, Housing Market Updates, Titusville Condo Financing, Titusville Mortgage, Titusville Mortgage Rates.

Wondering if it still makes sense to sell your house right now? The short answer is, yes. And if you look at the current number of homes for sale, you’ll see two reasons why.An article from Calculated Risk shows there are 15.6% more homes for sale now compared to the same week last year. That tells us inventory has grown. But going back to 2019, the last normal year in the housing market, there are nearly 40% fewer homes available now:Here’s a breakdown of how this benefits you when you sell. 1. You Have More Options for Your MoveAre you thinking about selling because your current house is...

Expert Home Price Forecasts for 2024 Revised Up

Written by Titusville FL Mortgage Syndicated User on February 23, 2024. Posted in Housing Market Updates, Pricing, Titusville Condo Financing, Titusville Mortgage, Titusville Mortgage Rates.

Over the past few months, experts have revised their 2024 home price forecasts based on the latest data and market signals, and they’re even more confident prices will rise, not fall.So, let’s see exactly how experts’ thinking has shifted – and what’s caused the change.2024 Home Price Forecasts: Then and NowThe chart below shows what seven expert organizations think will happen to home prices in 2024. It compares their first 2024 home price forecasts (made at the end of 2023) with their newest projections: The middle column shows that, at first, these experts thought home prices would only...

Some Experts Say Mortgage Rates May Fall Below 6% Later This Year

Written by Titusville FL Mortgage Syndicated User on February 22, 2024. Posted in Housing Market Updates, Interest Rates, Titusville Condo Financing, Titusville Mortgage, Titusville Mortgage Rates.

There’s a lot of confusion in the market about what’s happening with day-to-day movement in mortgage rates right now, but here’s what you really need to know: compared to the near 8% peak last fall, mortgage rates have trended down overall.And if you’re looking to buy or sell a home, this is a big deal. While they’re going to continue to bounce around a bit based on various economic drivers (like inflation and reactions to the consumer price index, or CPI), don’t let the short-term volatility distract you. The experts agree the overarching downward trend should continue this year.While we...

Don’t Let the Latest Home Price Headlines Confuse You

Written by Titusville FL Mortgage Syndicated User on February 16, 2024. Posted in Housing Market Updates, Pricing, Titusville Condo Financing, Titusville Mortgage, Titusville Mortgage Rates.

Based on what you’re hearing in the news about home prices, you may be worried they’re falling. But here’s the thing. The headlines aren’t giving you the full picture.If you look at the national data for 2023, home prices actually showed positive growth for the year. While this varies by market, and while there were some months with slight declines nationally, those were the exception, not the rule.The overarching story is that prices went up last year, not down. Let’s dive into the data to set the record straight. 2023 Was the Return to More Normal Home Price GrowthIf anything, last year...

What’s Really Happening with Mortgage Rates?

Written by Titusville FL Mortgage Syndicated User on February 13, 2024. Posted in Housing Market Updates, Interest Rates, Titusville Condo Financing, Titusville Mortgage, Titusville Mortgage Rates.

Are you feeling a bit unsure about what’s really happening with mortgage rates? That might be because you’ve heard someone say they’re coming down. But then you read somewhere else that they’re up again. And that may leave you scratching your head and wondering what’s true.The simplest answer is: that what you read or hear will vary based on the time frame they’re looking at. Here’s some information that can help clear up the confusion.Mortgage Rates Are Volatile by NatureMortgage rates don’t move in a straight line. There are too many factors at play for that to happen. Instead, rates...

Winning Plays for Buying a Home in Today’s Market [INFOGRAPHIC]

Written by Titusville FL Mortgage Syndicated User on February 10, 2024. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Move-Up Buyers, Titusville Condo Financing, Titusville Mortgage, Titusville Mortgage Rates.

Some HighlightsIn today’s housing market, you can still come out on top if you have the right team and plan.To win when buying a home, you need to build your team, make strategic plays, consider what’s in and out of bounds, and stand out from the crowd.Connect with a local real estate agent today to make your winning move.

Category: Housing Market Updates