Why Are People Moving Today?

Written by Ocala Mortgage Syndicated User on August 2, 2022. Posted in First Time Home Buyers, For Buyers, Mortgage Ocala, Move-Up Buyers, Ocala Mortgage.

Buying a home is a major life decision. That’s true whether you’re purchasing for the first time or selling your house to fuel a move. And if you’re planning to buy a home, you might be hearing about today’s shifting market and wondering what it means for you. While mortgage rates are higher than they were at the start of the year and home prices are rising, you shouldn’t put your plans on hold based solely on market factors. Instead, it’s necessary to consider why you want to move and how important those reasons are to you. Here are two of the biggest personal motivators driving people to...

Three Reasons To Buy a Home in Today’s Shifting Market [INFOGRAPHIC]

Written by Ocala Mortgage Syndicated User on July 30, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Mortgage Ocala, Move-Up Buyers, Ocala Mortgage.

Some Highlights The housing market is moving away from the frenzy of the past year and it’s opening doors for you if you’re thinking about buying a home. Housing inventory is increasing, which means more options for your search. Plus, the intensity of bidding wars may ease as buyer demand moderates, leading to fewer homes selling above asking price. If you’re ready to buy a home, now may be the moment you’ve been waiting for. Let’s connect to start the homebuying process today. Content previously posted on Keeping Current Matters

Want To Buy a Home? Now May Be the Time.

Written by Ocala Mortgage Syndicated User on July 28, 2022. Posted in First Time Home Buyers, For Buyers, Mortgage Ocala, Move-Up Buyers, Ocala Mortgage.

There are more homes for sale today than at any time last year. So, if you tried to buy a home last year and were outbid or out priced, now may be your opportunity. The number of homes for sale in the U.S. has been growing over the past four months as rising mortgage rates help slow the frenzy the housing market saw during the pandemic. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains why the shifting market creates a window of opportunity for you: “This is an opportunity for people with a secure job to jump into the market, when other people are a little...

A Window of Opportunity for Homebuyers

Written by Ocala Mortgage Syndicated User on July 27, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Ocala, Move-Up Buyers, Ocala Mortgage.

Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales. But the transition back toward pre-pandemic levels isn’t a bad thing. In fact, the years leading up to the pandemic were some of the best the housing market has seen. That’s why, as the market undergoes this shift, it’s important to compare today not to the abnormal pandemic years, but to the most recent normal years to show how the current...

Great News About Housing Inventory [INFOGRAPHIC]

Written by Ocala Mortgage Syndicated User on July 23, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Mortgage Ocala, Move-Up Buyers, Ocala Mortgage.

Some Highlights Experts say the number of homes for sale is growing this year, and that can have a big impact on your move. If you’re planning to buy, additional options in today’s market may be just what you’ve been waiting for. More inventory means added opportunities to find the home of your dreams. Let’s connect so you have the latest information on available homes in our area. Content previously posted on Keeping Current Matters

Think Home Prices Are Going To Fall? Think Again

Written by Ocala Mortgage Syndicated User on July 22, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Ocala, Move-Up Buyers, Ocala Mortgage, Pricing.

Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price growth is supported by strong market fundamentals. To understand why price declines are unlikely, it’s important to explore what caused home prices to rise so much recently, and where experts say home prices are headed. Here’s what you need to know. Home Prices Rose Significantly in Recent Years The graph...

Why Pre-Approval Is a Game Changer for Homebuyers

Written by Ocala Mortgage Syndicated User on July 20, 2022. Posted in First Time Home Buyers, For Buyers, Mortgage Ocala, Move-Up Buyers, Ocala Mortgage.

If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today’s shifting market? The truth is, getting a pre-approval letter from your lender is critical, and when it comes to your home search, it can be a game changer in so many ways. To better understand why, it’s important to know what pre-approval is. Freddie Mac defines the process like this: “A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money...

Should I Rent or Should I Buy? [INFOGRAPHIC]

Written by Ocala Mortgage Syndicated User on July 16, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Mortgage Ocala, Ocala Mortgage, Rent vs. Buy.

Some Highlights It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home. When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t see a return on your investment, and limit your ability to save. If you want to learn more about the benefits of homeownership, let’s connect today. Content previously posted on Keeping Current Matters

Should I Buy a Home Right Now?

Written by Ocala Mortgage Syndicated User on July 14, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Ocala, Move-Up Buyers, Ocala Mortgage, Pricing.

If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help you make your decision. The Future of Home Price Appreciation Each quarter, Pulsenomics surveys a national panel of over 100 economists, real estate experts, and investment and market strategists to compile projections for the future of home price appreciation. The output is the Home Price Expectation Survey. In the latest release, it forecasts home prices will continue...

The Drop in Mortgage Rates Brings Good News for Homebuyers

Written by Ocala Mortgage Syndicated User on July 12, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Ocala, Move-Up Buyers, Ocala Mortgage.

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% two weeks prior (see graph below): But why is this recent dip such good news for homebuyers? As Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains: “According...

Category: First Time Home Buyers