There Are More Homes Available Now than There Were This Spring

Written by Ocala Mortgage Syndicated User on October 29, 2021. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Ocala, Move-Up Buyers, Ocala Mortgage.

There’s a lot of talk lately about how challenging it can be to find a home to buy. While housing inventory is still low, there are a few important things to understand about the supply of homes for sale as we move into the end of the year. The Number of Homes for Sale Usually Peaks in the Fall In the residential real estate market, trends generally follow a predictable and seasonal pattern. Typically, the number of homes available for sale (or active monthly listings) peaks in the fall. But in a chapter where so little feels normal, the question becomes: should we expect a fall peak this...

Looking To Move? It Could Be Time To Build Your Dream Home.

Written by Ocala Mortgage Syndicated User on October 29, 2021. Posted in For Buyers, For Sellers, Mortgage Ocala, Move-Up Buyers, New Construction, Ocala Mortgage.

While today’s supply of homes for sale is still low, the number of newly built homes is increasing. If you’re ready to sell but have held off because you weren’t sure you’d be able to find a home to move into, newly built homes and those under construction can provide the options you’ve been waiting for. The latest Census data shows the inventory of new homes is increasing this year (see graph below):With more new homes coming to the market, this means you’ll have more options to choose from if you’re ready to buy. Of course, if you do consider a newly built home, you’ll want to keep...

Important Distinction: Homes Are Less Affordable, Not Unaffordable

Written by Ocala Mortgage Syndicated User on October 29, 2021. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Ocala, Ocala Mortgage.

It’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most recent affordability statistics, we soon realize that, though homes are less affordable than they have been over the last few years, they are more affordable than they historically have been. Black Knight, a premier provider of data and analytics for the mortgage industry, just released their latest Monthly Mortgage Monitor which includes a new analysis of the affordability situation. Here’s what the...