Home Sweet Home: The Emotional Benefits of Homeownership [INFOGRAPHIC]

Written by Panama City Mortgage Mortgage Syndicated User on November 26, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Mortgage Panama City, Move-Up Buyers, Panama City Mortgage.

Some Highlights While there are many financial perks to owning a home, there are also powerful non-financial benefits to consider if you’re thinking about making a move. Homeownership allows you to express yourself, gives you greater privacy and comfort, enhances your connection to your community and loved ones, and is an achievement to feel proud of. Let’s connect today to discuss all that homeownership has to offer. Content previously posted on Keeping Current Matters

What Buyers Need To Know About the Inventory of Homes Available for Sale

Written by Panama City Mortgage Mortgage Syndicated User on November 24, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Panama City, Move-Up Buyers, Panama City Mortgage.

If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market. If this sounds like you, here’s one key factor that could help you with your decision: there are more homes for sale today than there were at this time last year. According to Calculated Risk, for the week ending in November 18th, there were 47.7% more homes available for sale than there were at the same time in 2021. And having more options for your home search may be exactly what you need to feel...

What Homeowners Want To Know About Selling in Today’s Market

Written by Panama City Mortgage Mortgage Syndicated User on November 23, 2022. Posted in For Sellers, Housing Market Updates, Mortgage Panama City, Move-Up Buyers, Panama City Mortgage, Selling Myths.

If you’re thinking about selling your house, you’re likely hearing about the cooling housing market and wondering what that means for you. While it’s not the peak intensity we saw during the pandemic, we’re still in a sellers’ market. That means you haven’t missed your window. Realtor.com explains: “. . . while prospective home sellers may lament that they missed their prime window, in reality, this is still a terrific time to sell. In fact, according to a recent Realtor.com® home seller survey, 95% of sellers who sold their home in the past year got more than they paid for it. Nonetheless,...

Mortgage Rates Will Come Down, It’s Just a Matter of Time

Written by Panama City Mortgage Mortgage Syndicated User on November 22, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Panama City, Move-Up Buyers, Panama City Mortgage.

This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power for consumers. And, this month, the average rate for financing a home briefly rose over 7% before coming back down into the high 6% range. But we’re starting to see a hint of what mortgage interest rates could look like next year. Inflation Is the Enemy of Long-Term Interest...

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

Written by Panama City Mortgage Mortgage Syndicated User on November 19, 2022. Posted in For Sellers, Housing Market Updates, Infographics, Mortgage Panama City, Panama City Mortgage, Selling Myths.

Some Highlights You may be wondering what needs to be renovated before you sell your house. In today’s shifting market, making your house appealing is more important than ever. That’s why it’s essential to lean on a real estate professional who has in-depth knowledge of today’s housing market. They know what buyers are looking for and how to highlight any upgrades you make. Let’s connect so you know where to focus your efforts so your house will stand out in a today’s market. Content previously posted on Keeping Current Matters

More People Are Finding the Benefits of Multigenerational Households Today

Written by Panama City Mortgage Mortgage Syndicated User on November 18, 2022. Posted in Baby Boomers, Demographics, For Buyers, Gen Z, Generation X, Millennials, Mortgage Panama City, Panama City Mortgage.

If you’re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The Pew Research Center defines a multigenerational household as a home with two or more adult generations. And the number of individuals choosing multigenerational living has increased over the past 50 years. As you consider this option for your own home search, know it could help you on your homeownership journey and provide you with other incredible benefits along the way. Living with Loved Ones Could Help You Achieve Your Homeownership Goals There are several...

Why It May Be Time To Add Newly Built Homes to Your Search

Written by Panama City Mortgage Mortgage Syndicated User on November 16, 2022. Posted in First Time Home Buyers, For Buyers, Mortgage Panama City, Move-Up Buyers, New Construction, Panama City Mortgage.

If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. If you’re willing to work with a trusted agent to consider a newly built home, you may have even more options and incentives than you realize. That may be why the National Association of Home Builders (NAHB) says the share of buyers looking for new construction is increasing: “According to the quarterly Housing Trends Report, the popularity of new construction homes is continuing to rebound . . .” Here’s a few reasons more buyers may...

Home Equity: A Source of Strength for Homeowners Today

Written by Panama City Mortgage Mortgage Syndicated User on November 15, 2022. Posted in For Sellers, Foreclosures, Housing Market Updates, Mortgage Panama City, Panama City Mortgage.

Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market. As Mark Fleming, Chief Economist at First American, says: “. . . don’t expect a housing bust like the mid-2000s, as lending standards in this housing cycle have been much tighter and homeowners have historically high levels of home equity, so there likely won’t be a surge in foreclosures.” Data from the Mortgage Bankers Association (MBA) helps tell this story. It shows the overall percentage of homeowners at risk is decreasing significantly with time (see...

VA Loans: Making Homes for the Brave Achievable [INFOGRAPHIC]

Written by Panama City Mortgage Mortgage Syndicated User on November 12, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Infographics, Mortgage Panama City, Move-Up Buyers, Panama City Mortgage.

Some Highlights VA Loans can help make homeownership possible for those who have served our country. These loans offer great benefits for eligible individuals and can help them buy a VA-approved house or condo, build a new home, or make improvements to their house. Homeownership is the American Dream. One way we can honor and thank our veterans is to ensure they have the best information about the benefits of VA home loans. Content previously posted on Keeping Current Matters

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