How Remote Work Helps with Your House Hunt [INFOGRAPHIC]

Written by Florida VA Loan Syndicated User on September 23, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Buyers, Infographics, Move-Up Buyers.

Some HighlightsWhile remote work peaked during the pandemic, many people still work from home today.If you’re one of them, it could have an unexpected benefit when you’re looking to buy a home.If you can work from home, you might have more choices for where to live. Connect with a real estate agent to talk about your options and what’s most important to you.

The Many Non-Financial Benefits of Homeownership

Written by Florida VA Loan Syndicated User on September 22, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Buyers.

Buying and owning your own home can have a big impact on your life. While there are financial reasons to become a homeowner, it’s essential to think about the non-financial benefits that make a home more than just a place to live.Here are some of the top non-financial reasons to buy a home.According to Fannie Mae, 94% of survey respondents say “Having Control Over What You Do with Your Living Space” is a top reason to own.Your home is truly your own space. If you own a home, unless there are specific homeowner association requirements, you can decorate and change it the way you like. That...

Remote Work Is Changing How Some Buyers Search for Their Dream Homes

Written by Florida VA Loan Syndicated User on September 21, 2023. Posted in Buying Myths, First Time Home Buyers, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Buyers.

The way Americans work has changed in recent years, and remote work is at the forefront of this shift. Experts say it’ll continue to be popular for years to come and project that 36.2 million Americans will be working remotely by 2025. To give you some perspective, that’s a 417% increase compared to the pre-pandemic years when there were just 7 million remote workers.If you’re in the market to buy a home and you work remotely either full or part-time, this trend is a game-changer. It can help you overcome some of today’s affordability and housing inventory challenges.How Remote Work Helps...

Should Baby Boomers Buy or Rent After Selling Their Houses?

Written by Florida VA Loan Syndicated User on September 14, 2023. Posted in Baby Boomers, Buying Myths, Demographics, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Buyers, Rent vs. Buy.

Are you a baby boomer who’s lived in your current house for a long time and you’re ready for a change? If you’re thinking about selling your house, you have a lot to consider. Will you move to a different state or stay nearby? Is it time to downsize or do you want more space to accommodate your loved ones? But maybe the biggest consideration boils down to this – will you buy your next home or choose to rent instead?That decision ultimately depends on your current situation and your future plans. Here are two important factors to help you decide what’s right for you.Expect Rents to Keep Going...

What Experts Project for Home Prices Over the Next 5 Years

Written by Florida VA Loan Syndicated User on September 13, 2023. Posted in Buying Myths, First Time Home Buyers, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Buyers, Housing Market Updates, Move-Up Buyers.

If you’re planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment. While you may have seen negative news over the past year about home prices, they’re doing far better than expected and are rising across the country. And data shows, experts forecast home prices will keep appreciating.Experts Project Ongoing AppreciationPulsenomics polled over 100 economists, investment strategists, and housing market analysts in the latest quarterly Home Price Expectation Survey (HPES). The results show what the panelists...

Get Ready for Smaller, More Affordable Homes

Written by Florida VA Loan Syndicated User on September 8, 2023. Posted in Buying Myths, First Time Home Buyers, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Buyers, Housing Market Updates.

Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options? If so, here’s some good news – based on what Ali Wolf, Chief Economist at Zonda, has to say – smaller, more affordable homes are on the way:“Buyers should expect that over the next 12 to 24 months there will be a notable increase in the number of entry-level homes available.”In some ways, smaller homes are already here. When the pandemic hit, the meaning of home changed. People needed the space their home provided not only as a place to live, but as a place to work, go to school, exercise,...

Gen Z: The Next Generation Is Making Moves in the Housing Market

Written by Florida VA Loan Syndicated User on August 29, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Buyers.

Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence. As a result, they’re turning to homeownership. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), 30% of Gen Z buyers transitioned straight from living under their parents’ roofs to owning their own homes.If you’re a member of this generation, and you’re interested in pursuing your own dream of homeownership, here’s some information you may find helpful on why and where your peers are buying.The Reasons Gen Z Want To Become...

Why You Need a True Expert in Today’s Housing Market

Written by Florida VA Loan Syndicated User on August 24, 2023. Posted in Buying Myths, First Time Home Buyers, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Buyers, For Sellers, Selling Myths.

The housing market continues to shift and change, and in a fast-moving landscape like we’re in right now, it’s more important than ever to have a trusted real estate agent on your side. Whether you’re buying your first home or selling once again, it’s mission critical to work with an expert who can guide you through each unique step of the process. The reality is, not all agents operate the same way. To truly make a powerful and confident decision as you buy or sell a home, you need a real estate expert who uses their knowledge of what’s really happening with home prices, housing supply, industry...

Why You Don’t Need To Fear the Return of Adjustable-Rate Mortgages

Written by Florida VA Loan Syndicated User on August 23, 2023. Posted in Buying Myths, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Buyers, Interest Rates.

If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then. And after years of being virtually nonexistent, more people are once again using ARMs when buying a home. Let’s break down why that’s happening and why this isn’t cause for concern.Why ARMs Have Gained Popularity More RecentlyThis graph uses data from the Mortgage Bankers Association (MBA) to show how the percentage of adjustable-rate mortgages has increased over the past few years:As the graph conveys, after hovering around 3% of all mortgages in 2021, many more homeowners...

Why Median Home Sales Price Is Confusing Right Now

Written by Florida VA Loan Syndicated User on August 22, 2023. Posted in Buying Myths, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Buyers, For Sellers, Housing Market Updates, Pricing, Selling Myths.

The National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow. This monthly release provides information on the volume of sales and price trends for homes that have previously been owned. In the upcoming release, it’ll likely say home prices are down. This may seem a bit confusing, especially if you’ve been following along and reading the blogs saying home prices have hit the bottom and have since rebounded.So, why would this say home prices are falling when so many other price reports say they’re going back up? It all depends on the methodology...

Category: Buying Myths