Falling out of Love with Your House? It May Be Time To Move.

Written by Panama City Mortgage Mortgage Syndicated User on April 20, 2023. Posted in For Sellers, Mortgage Panama City Beach, Panama City Beach Mortgage.

Owning a home means having a place that’s solely your own and provides the space, features, and location you and your loved ones need. But what happens when your needs change? If this hits home for you, it may be time to make a move.According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), the average person has lived in their current house for ten years. If you’ve been in your home for a while, think about how much in your life has changed since you moved in. Even if you thought it would be your forever home when you bought it,...

5 Reasons Millennials Are Buying Homes

Written by Panama City Mortgage Mortgage Syndicated User on April 19, 2023. Posted in Demographics, First Time Home Buyers, For Buyers, Millennials, Mortgage Panama City Beach, Panama City Beach Mortgage.

In the United States, there are over 72 million millennials. If you’re part of that generation and have thought about buying a home, you aren’t alone. According to Zonda, 98% of millennials want to become a homeowner at some point if they aren’t already. But why? There are plenty of reasons you may choose to become a homeowner. Here’s why other millennials have made that decision (see graph below):This graph shows why millennials are buying homes according to Zonda’s 6th annual millennial survey. The top reasons include building equity, a change in life stage, wanting stability, rising home...

Think Twice Before Waiting for Lower Home Prices

Written by Panama City Mortgage Mortgage Syndicated User on April 18, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Millennials, Mortgage Panama City Beach, Move-Up Buyers, Panama City Beach Mortgage, Pricing.

As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop significantly. But that’s not the best strategy.A recent survey from Zonda shows 53% of millennials are still renting right now because they’re waiting for home prices to come down. But here’s the thing: the most recent data...

Home Inspections for Sellers: What You Need To Know [INFOGRAPHIC]

Written by Panama City Mortgage Mortgage Syndicated User on April 15, 2023. Posted in For Sellers, Infographics, Mortgage Panama City Beach, Panama City Beach Mortgage, Selling Myths.

Want To Sell Your House This Spring? Price It Right.

Written by Panama City Mortgage Mortgage Syndicated User on April 14, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Panama City Beach, Panama City Beach Mortgage, Selling Myths.

Over the last year, the housing market’s gone through significant change. While it’s still a sellers’ market, homes that are priced right are selling, and they get the most attention from buyers right now. If you’re thinking of selling your house this spring, it’s important to lean on your expert real estate advisor when it comes to setting a list price. As Realtor.com explains:“Move-in-ready homes with curb appeal and in desirable areas—and that are priced to sell—are especially likely to move quickly this spring.”In today’s market, how you price your house will not only make a big difference...

Your Tax Refund Can Help You Achieve Your Homebuying Goals

Written by Panama City Mortgage Mortgage Syndicated User on April 13, 2023. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Panama City Beach, Move-Up Buyers, Panama City Beach Mortgage.

Have you been saving up to buy a home this year? If so, you know there are a variety of expenses involved – from your down payment to closing costs. But there’s good news – your tax refund can help you achieve your goals by paying for some of these expenses.SmartAsset estimates the average American will receive a $1,798 tax refund this year. The map below provides a more detailed estimate by state:According to Freddie Mac, there are multiple ways your refund check can help you as a homebuyer. If you’re getting a refund this year and thinking about buying a home, here are a few tips to keep:Saving...

The Big Advantage If You Sell This Spring

Written by Panama City Mortgage Mortgage Syndicated User on April 12, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Panama City Beach, Panama City Beach Mortgage.

Thinking about selling your house? If you’ve been waiting for the right time, it could be now while the supply of homes for sale is so low. HousingWire shares:“. . . the big question is whether we are finally starting to see the seasonal spring increase in inventory. The answer is no, because active listings fell to a new low last week for 2023 . . .”The National Association of Realtors (NAR) confirms today’s housing inventory is low by looking at the months’ supply of homes on the market. In a balanced market, about a six-month supply is needed. Anything lower is a sellers’ market. And today,...

Homebuyer Activity Shows Signs of Warming Up for Spring

Written by Panama City Mortgage Mortgage Syndicated User on April 11, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Panama City Beach, Panama City Beach Mortgage.

The spring season appears to be warming up in housing as more and more buyers enter the market. And after rising mortgage rates sidelined so many buyers last year, that’s a good sign for sellers. Realtor.com has the latest:“Spring is officially here, and like green shoots emerging from the bleak winter, new data suggests that more buyers are back in the market, although more subdued compared to a year ago.”We know buyer activity is trending up because of mortgage purchase application data. According to Investopedia:“A mortgage application is a document submitted to a lender when you apply for...

The Key Advantage of Investing in a Home [INFOGRAPHIC]

Written by Panama City Mortgage Mortgage Syndicated User on April 8, 2023. Posted in First Time Home Buyers, For Buyers, Infographics, Mortgage Panama City Beach, Panama City Beach Mortgage, Pricing.

Trying To Buy a Home? Hang in There.

Written by Panama City Mortgage Mortgage Syndicated User on April 7, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Mortgage Panama City Beach, Move-Up Buyers, Panama City Beach Mortgage, Pricing.

We’re still in a sellers’ market. And if you’re looking to buy a home, that means you’re likely facing some unique challenges, like difficulty finding a home and volatile mortgage rates. But keep in mind, there are some benefits to being a buyer in today’s market that give you good reason to stick with your search. Here are a few of them.Long-Term Benefits Outweigh Short-Term ChallengesOwning a home grows your net worth – and since building that wealth takes time, it makes sense to start as soon as you can. If you wait to buy and keep renting, you’ll miss out on those monthly housing payments...

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