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Author: Florida VA Loan Syndicated User

Will a Silver Tsunami Change the 2024 Housing Market?

Written by Florida VA Loan Syndicated User on . Posted in Demographics, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, Housing Market Updates.

Have you ever heard the term “Silver Tsunami” and wondered what it’s all about? If so, that might be because there’s been lot of talk about it online recently. Let’s dive into what it is and why it won’t drastically impact the housing market.What Does Silver Tsunami Mean?A recent article from HousingWire calls it:“. . . a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging . . .”The thought is that as baby boomers grow older, a significant number will start downsizing their homes. Considering how large that generation is, if...

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Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]

Written by Florida VA Loan Syndicated User on . Posted in Buying Myths, First Time Home Buyers, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Buyers, Infographics, Move-Up Buyers, Pricing.

Some HighlightsHome affordability depends on three factors: mortgage rates, home prices, and wages.Mortgage rates are down from their recent peak, home prices are expected to rise at a slower pace, and wages are increasing faster than usual.That’s good news if you want to buy a home because it means affordability is getting better.

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The Top Benefits of Buying a Multi-Generational Home

Written by Florida VA Loan Syndicated User on . Posted in Buying Myths, First Time Home Buyers, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Buyers, Move-Up Buyers.

Has the idea of sharing a home with loved ones like your grandparents, parents, or other relatives crossed your mind? If so, you’re not alone. More buyers are choosing to go this route and buy a multi-generational home. Here’s a look at some of the top reasons why, to see if a home like this may be right for you too.Why Buyers Are Opting for Multi-Generational LivingAccording to the National Association of Realtors (NAR), two of the top reasons buyers are opting for multi-generational homes today have to do with affordability (see graph below):First-time buyers are focused most on cost...

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Are More Homeowners Selling as Mortgage Rates Come Down?

Written by Florida VA Loan Syndicated User on . Posted in Buying Myths, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Buyers, Housing Market Updates, Move-Up Buyers.

If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale.The Mortgage Rate Lock-In EffectOver the past year, one factor that’s really limited the options for your move is how few homes were on the market. That’s because many homeowners chose to delay their plans to sell once mortgage rates went up. An article from Freddie Mac explains:“The lack of housing supply was partly driven by the rate lock-in effect. . . ....

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Experts Project Home Prices Will Increase in 2024

Written by Florida VA Loan Syndicated User on . Posted in First Time Home Buyers, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Buyers, Housing Market Updates, Pricing.

Even though home prices are going up nationally, some people are still worried they might come down. In fact, a recent survey from Fannie Mae found that 24% of people think home prices will actually decline over the next 12 months. That means almost one out of every four people are dealing with that fear, and you might be, too.To help ease that concern, here’s what experts forecast will happen with prices this year.Experts Project a Modest IncreaseCheck out the latest home price forecasts from eight different sources (see graph below):The blue bar on the left means, on average,...

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Florida Mortgage | Pre-Approval Matters When Buying a Home

Written by Florida VA Loan Syndicated User on . Posted in Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates.

Why a Pre-Approval Matters When Buying a Home. If you’re thinking about buying a home, getting pre-approved is an important first step. Want more information on buying a home? Let’s connect you with one of our mortgage experts. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany #mortgagepreapproval #homebuyingtips

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