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Category: Pricing

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Home Price Deceleration Doesn’t Mean Home Price Depreciation

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

Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look at a few terms you may hear: Appreciation is when home prices increase. Depreciation is when home prices decrease. Deceleration is when home prices continue to appreciate, but at a slower pace. Where Home Prices Have Been in Recent Years For starters, you’ve probably heard home prices have skyrocketed over...

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Why You Need an Expert To Determine the Right Price for Your House

Written by Titusville FL Mortgage Syndicated User on . Posted in For Sellers, Pricing, Selling Myths, Titusville Condo Financing, Titusville Mortgage, Titusville Mortgage Rates.

If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans. With homes continuing to get multiple offers, this could be your moment to get the contract you’re looking for on your house if you’re ready to sell. And here’s the thing – you need an expert on your side to ensure you make all the right moves when you do, especially when it comes to pricing your house. Even in this competitive market, you can’t stick just any price tag on your home and get the deal you want. A key piece of the puzzle...

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

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

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

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Sellers Have an Opportunity with Today’s Home Prices

Written by Titusville FL Mortgage Syndicated User on . Posted in For Sellers, Housing Market Updates, Move-Up Buyers, Pricing, Titusville Condo Financing, Titusville Mortgage, Titusville Mortgage Rates.

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...

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