How Buying or Selling a Home Benefits the Economy and Your Community

Written by Ocala Mortgage Syndicated User on May 26, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Ocala, Ocala Mortgage.

If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a large impact on your community too? To measure that impact, the National Association of Realtors (NAR) releases a report each year to highlight just how much economic activity a home sale generates. The chart below shows how the sale of both a newly built home and an existing home impact the economy: As the visual shows, a single home sale can have a significant effect on the overall economy. To dive a level deeper, NAR also provides a detailed...

Work With a Real Estate Professional if You Want the Best Advice

Written by Ocala Mortgage Syndicated User on May 24, 2022. Posted in For Buyers, For Sellers, Mortgage Ocala, Ocala Mortgage.

Because buying or selling a home is such a big decision in our lives, the need for clear, trustworthy information and guidance is crucial. And while no one can give you perfect advice, when you align yourself with an expert, you’ll get the best advice for your situation. An Expert Will Give You the Best Advice Possible Let’s say you need an attorney, so you seek out an expert in the type of law required for your case. When you go to their office, they won’t immediately tell you how the case is going to end or how the judge or jury will rule. What a good attorney can do, though, is discuss...

Don’t Let Rising Inflation Delay Your Homeownership Plans [INFOGRAPHIC]

Written by Ocala Mortgage Syndicated User on May 21, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Mortgage Ocala, Ocala Mortgage.

Some Highlights If recent headlines about rising inflation are making you wonder if it’s still a good time to buy, here’s what experts have to say. Housing is an asset that typically grows in value. Plus, your mortgage helps stabilize your monthly housing costs, and buying protects you from rising rents. Experts say owning a home is historically a good hedge against inflation. Let’s connect if you’re ready to start the homebuying process today. Content previously posted on Keeping Current Matters

The One Thing Every Homeowner Needs To Know About a Recession

Written by Ocala Mortgage Syndicated User on May 20, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Ocala, Ocala Mortgage.

A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value. The National Bureau of Economic Research (NBER) defines a recession this way: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its...

How Homeownership Can Bring You Joy

Written by Ocala Mortgage Syndicated User on May 19, 2022. Posted in First Time Home Buyers, For Buyers, Mortgage Ocala, Ocala Mortgage, Rent vs. Buy.

If you’re trying to decide whether to rent or buy a home, you’re probably weighing a few different factors. The financial benefits of homeownership might be one of the reasons you want to make a purchase if you’re a renter, but the decision can also be motivated by having a place that’s uniquely your own. If you want to express yourself by upgrading and customizing your living space but are feeling held back by your rental agreement, it might be time to consider the perks of owning your home. A Little Change Can Bring Lots of Joy There’s a significant level of pride that comes from owning a...

Why Rising Mortgage Rates Push Buyers off the Fence

Written by Ocala Mortgage Syndicated User on May 18, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Ocala, Move-Up Buyers, Ocala Mortgage.

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in one of two ways: they’re either making the decision to buy now before rates climb higher or they’re waiting it out in hopes rates will fall. Let’s look at some context that can help you understand why so many buyers are jumping off the fence and into action rather than waiting to buy. A...

Are There More Homes Coming to the Market?

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

According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes for sale is so low today. If you’re looking to buy a home, you may have noticed this yourself. But there is good news. Recent data shows more sellers are listing their houses this season, which may give you more options for your home search. Early Signs Inventory May Be Growing The latest data from realtor.com shows the number of listings coming onto the market, known...

Will Home Prices Fall This Year? Here’s What Experts Say.

Written by Ocala Mortgage Syndicated User on May 11, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Ocala, Move-Up Buyers, Ocala Mortgage, Pricing.

Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals. What’s Happening with Home Prices? Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says: “Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%.” So why are prices climbing so much? It’s because there are more buyers than...

How Today’s Mortgage Rates Impact Your Home Purchase

Written by Ocala Mortgage Syndicated User on May 10, 2022. Posted in First Time Home Buyers, For Buyers, Interest Rates, Mortgage Ocala, Move-Up Buyers, Ocala Mortgage, Pricing.

If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does the monthly payment you’re able to lock in on your home loan. In a rising-rate environment like we’re in today, that could limit your future purchasing power. Today, the average 30-year fixed mortgage rate is above 5%, and in the near term, experts say...

Three Tips for First-Time Homebuyers

Written by Ocala Mortgage Syndicated User on May 6, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Mortgage Ocala, Ocala Mortgage.

Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you’re looking to purchase your first home, you may be wondering what’s happening in the housing market today, how much you need to save, and where to start. Here are three things that can help give you the information you need to confidently pursue your dream of homeownership. 1. Consider All Options When the Number of Homes for Sale Is Low Today, there are far more buyers in the market than there are homes available for sale....

Category: For Buyers