2 Things Sellers Need To Know This Spring

Written by Ocala Mortgage Syndicated User on March 9, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Ocala, Ocala Mortgage, Selling Myths.

A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in mind.1. Houses That Are Priced Right Are Still SellingHouses that are updated and priced at their current market value are still selling. Jeff Tucker, Senior Economist at Zillow, says:“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”The need to price your house right is so important today because the market has changed...

Equity Gains for Today’s Homeowners

Written by Ocala Mortgage Syndicated User on March 3, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Ocala, Move-Up Buyers, Ocala Mortgage, Pricing.

Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates.

What You Should Know About Rising Mortgage Rates

Written by Ocala Mortgage Syndicated User on March 1, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Ocala, Move-Up Buyers, Ocala Mortgage.

After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy or if you should hold off on your search until rates come back down.

One Major Benefit of Investing in a Home

Written by Ocala Mortgage Syndicated User on February 28, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Ocala, Move-Up Buyers, Ocala Mortgage.

One of the many reasons to buy a home is that it’s a major way to build wealth and gain financial stability. According to Freddie Mac:

How To Make Your Dream of Homeownership a Reality

Written by Ocala Mortgage Syndicated User on February 24, 2023. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Ocala, Move-Up Buyers, Ocala Mortgage.

According to a recent Harris Poll survey, 8 in 10 Americans say buying a home is a priority, and 28 million Americans actually plan to buy within the next 12 months. Homeownership provides many financial and nonfinancial benefits, so that interest is understandable.

The Two Big Issues the Housing Market’s Facing Right Now

Written by Ocala Mortgage Syndicated User on February 22, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Ocala, Ocala Mortgage.

The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply:

Spring into Action: Boost Your Home’s Curb Appeal with Expert Guidance

Written by Ocala Mortgage Syndicated User on February 21, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Ocala, Ocala Mortgage, Selling Myths.

To sell your home this spring, it may need more preparation than it would have a year or two ago. Today’s housing market has a different feel. There are more homes for sale than there were at this time last year, but inventory is still historically low. So, if a house has been sitting on the market for a while, that’s a sign it may not be hitting the mark for potential buyers. But here’s the thing. Right now, homes that are updated and priced at market value are still selling fast.

Wondering What’s Going on with Home Prices?

Written by Ocala Mortgage Syndicated User on February 17, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Ocala, Ocala Mortgage, Pricing.

The recent changes in home prices are top of mind for many as the housing market begins gearing up for spring. It can be hard to navigate misleading headlines and confusing data, so here’s what you should know about today’s home prices.

Why Today’s Housing Market Isn’t Headed for a Crash

Written by Ocala Mortgage Syndicated User on February 10, 2023. Posted in Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Mortgage Ocala, Ocala Mortgage.

67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there’s good news. Current data shows today’s market is nothing like it was before the housing crash in 2008.

Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years

Written by Ocala Mortgage Syndicated User on February 9, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Ocala, Ocala Mortgage.

The biggest challenge in the housing market right now, and likely for years to come, is how few homes there are for sale compared to the number of people who want to buy. That’s why, if you’re thinking about selling your house, this is a great time to do so. Your house would be welcome in a market that has fewer homes for sale than it did in the years leading up to the pandemic.

Category: Housing Market Updates