Homebuyer Tips for Finding the One [INFOGRAPHIC]

Written by Panama City Mortgage Mortgage Syndicated User on October 16, 2021. Posted in First Time Home Buyers, For Buyers, Infographics, Mortgage Panama City, Move-Up Buyers, Panama City Mortgage.

Some Highlights The best advice carries across multiple areas of life. When it comes to homebuying, a few simple tips can help you stay on track. Because of increased demand, you’ll need to be patient and embrace compromises during your search. Then, once you’ve fallen in love, commit by putting your best offer forward. If you’re looking to buy a home this year, let’s connect so you have a dedicated partner and teammate to help you find the one. Content previously posted on Keeping Current Matters

What Do Past Years Tell Us About Today’s Real Estate Market?

Written by Panama City Mortgage Mortgage Syndicated User on October 15, 2021. Posted in For Sellers, Housing Market Updates, Mortgage Panama City, Panama City Mortgage, Selling Myths.

As you follow the news, you’re likely seeing headlines discussing what’s going on in today’s housing market. Chances are high that some of the more recent storylines you’ve come across mention terms like cooling or slowing when talking about where the market is headed. But what do these terms mean? The housing market today is anything but normal, and it’s still an incredibly strong sellers’ market, especially when compared to the few years leading up to the pandemic. With that in mind, what can previous years tell us about today’s real estate market and if it’s truly slowing? We’re Still Seeing...

The Big Question: Should You Renovate or Move?

Written by Panama City Mortgage Mortgage Syndicated User on October 14, 2021. Posted in For Buyers, For Sellers, Interest Rates, Mortgage Panama City, Move-Up Buyers, Panama City Mortgage, Pricing.

The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following: 70% of respondents want more outdoor living space 69% of respondents want a home office (48% wanted multiple offices) 46% of respondents want a multi-function room/flexible space 42% of respondents want an au pair/in-law suite 39% of respondents want an exercise room/yoga space If you’re a homeowner who wants to add any of the above, you have two options: renovate your current...

Don’t Wait for a Lower Mortgage Rate – It Could Cost You

Written by Panama City Mortgage Mortgage Syndicated User on October 13, 2021. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Panama City, Move-Up Buyers, Panama City Mortgage.

Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who worry they’ve missed out, rest assured today’s mortgage rates are still worth taking advantage of. Even today, our mortgage rates are below what they’ve been in recent decades. So, while you may not be able to lock in the rate your friend got recently, you’re still in a great position to secure a rate well...

Experts Agree: Homeownership Provides a Path to Long-Term Wealth

Written by Panama City Mortgage Mortgage Syndicated User on October 12, 2021. Posted in First Time Home Buyers, For Buyers, Mortgage Panama City, Panama City Mortgage, Rent vs. Buy.

A recent survey from LendingTree.com found there are multiple reasons why Americans would choose to purchase a home instead of renting. Some of the most popular non-financial reasons given include: The flexibility to make the space your own The pride homeownership offers The sense of stability In the same survey, 41% of respondents say they’d rather own a home than rent because of the unique way homeownership builds wealth over time. And experts agree – the home you own is an important tool for building your net worth. Here’s what many of those experts have to say about building long-term...

What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]

Written by Panama City Mortgage Mortgage Syndicated User on October 9, 2021. Posted in For Sellers, Housing Market Updates, Infographics, Interest Rates, Millennials, Mortgage Panama City, New Construction, Panama City Mortgage.

Some Highlights Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply. If you’re thinking of selling, let’s connect to talk about our local area and how you can take advantage of today’s housing market. Content previously posted on Keeping Current Matters

111,285 Reasons You Should Buy a Home This Year

Written by Panama City Mortgage Mortgage Syndicated User on October 8, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Panama City, Move-Up Buyers, Panama City Mortgage, Rent vs. Buy.

The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner. According to the latest research from the National Association of Realtors (NAR): “Homeownership is a key pathway to building wealth and narrowing the racial income and wealth inequality gap. Housing wealth (equity) accumulation takes time and is built up by price appreciation and paying off the mortgage.” An increase in equity builds the wealth of the individual that owns it. This wealth can be passed down...

What Do Supply and Demand Tell Us About Today’s Housing Market?

Written by Panama City Mortgage Mortgage Syndicated User on October 7, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Panama City, Move-Up Buyers, Panama City Mortgage, Pricing.

There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low, prices can rise significantly. Understanding the impact both supply and demand have can provide the answers to a few popular questions about today’s housing market: Why are prices rising? Where are prices headed? What does this mean for homebuyers? Why Are Prices Rising? According...

The Main Key To Understanding the Rise in Mortgage Rates

Written by Panama City Mortgage Mortgage Syndicated User on October 6, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Panama City, Move-Up Buyers, Panama City Mortgage.

Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%. In a press release accompanying the survey, Sam Khater, Chief Economist at Freddie Mac, explains: “Mortgage rates rose across all loan types this week as the 10-year U.S. Treasury yield reached its highest point since June.” The reason Khater mentions the 10-year U.S. Treasury yield is because there has been a...

4 Tips To Prep for Your Home Sale This Fall

Written by Panama City Mortgage Mortgage Syndicated User on October 5, 2021. Posted in For Sellers, Mortgage Panama City, Panama City Mortgage, Selling Myths.

Even in a hot sellers’ market like today’s in which homes are selling so quickly, it’s still important to make a good first impression on potential buyers. Taking the time upfront to prep your house appropriately can bring in the greatest return on your investment. Here are four simple tips to make sure you maximize the sale of your house this fall. 1. Price It Right One of the first things buyers will notice is the price of your house. That’s why it’s important to price it right. Your goal in pricing your house is to draw attention from competing buyers and let bidding wars push the final...

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