People Are Still Moving, Even with Today’s Affordability Challenges

Written by Florida VA Loan Syndicated User on November 17, 2023. Posted in Buying Myths, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Buyers, For Sellers, Housing Market Updates, Selling Myths.

If you’re thinking about buying or selling a home, you might have heard that it’s tough right now because mortgage rates are higher than they’ve been over the past few years, and home prices are rising. That much is true. Take a look at the graph below. It breaks down how the current affordability situation stacks up to recent years. The National Association of Realtors (NAR) explains how to read the values on the graph:“To interpret the indices, a value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median-priced home.”The black...

The Latest 2024 Housing Market Forecast

Written by Florida VA Loan Syndicated User on November 16, 2023. Posted in Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Buyers, For Sellers, Housing Market Updates, Pricing.

The new year is right around the corner, and you might be wondering if 2024 will be the right time to buy or sell a home. If you want to make the most informed decision possible, it’s important to know what the experts have to say about what’s ahead for the housing market. Spoiler alert: the projections may be better than you think. Here’s why.Experts Forecast Ongoing Home Price AppreciationTake a look at the latest home price forecasts from Fannie Mae, the Mortgage Bankers Association (MBA), and the National Association of Realtors (NAR): As you can see in the orange bars on the left,...

These Top Cities Show Home Prices Are Still Climbing

Written by Florida VA Loan Syndicated User on November 15, 2023. Posted in Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Buyers, For Sellers, Housing Market Updates, Pricing.

If you’re considering buying a home or selling your current one to find something that better suits your needs, you may have questions about what’s happening with home prices today. Here’s what you need to know.There’s still a lot of confusion and misinformation out there. So, no matter what you may have heard, the national data shows they’ve actually been climbing again (see graphs below): As you can see, in the first half of 2022, home prices went way up. Those increases were dramatic and unsustainable. So, in the second half of 2022, prices adjusted. Those dips were small and didn’t...

Reasons To Sell Your House Before the New Year

Written by Florida VA Loan Syndicated User on November 7, 2023. Posted in Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Sellers, Selling Myths.

As the year winds down, you may have decided it’s time to make a move and put your house on the market. But should you sell now or wait until January? While it may be tempting to hold off until after the holidays, here are three reasons to make your move before the new year.Get One Step Ahead of Other SellersTypically, in the residential real estate market, homeowners are less likely to list their houses toward the end of the year. That’s because people get busy around the holidays and sometimes deprioritize selling their house until the start of the new year when their schedules and social...

Don’t Believe Everything You Read About Home Prices

Written by Florida VA Loan Syndicated User on November 3, 2023. Posted in Buying Myths, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Selling Myths.

According to the latest data from Fannie Mae, 23% of Americans still think home prices will go down over the next twelve months. But why do roughly 1 in 4 people feel that way?It has a lot to do with all the negative talk about home prices over the past year. Since late 2022, the media has created a lot of fear about a price crash and those concerns are still lingering. You may be hearing people in your own life saying they’re worried about home prices or see on social media that some influencers are saying prices are going to come tumbling down.If you’re someone who still thinks prices are...

What Are Accessory Dwelling Units and How Can They Benefit You?

Written by Florida VA Loan Syndicated User on November 2, 2023. Posted in Demographics, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Sellers.

Maybe you’re in the market for a home and are having a hard time finding the right one that fits your budget. Or perhaps you’re already a homeowner in need of extra income or a place for loved ones. Whether as a potential homebuyer or a homeowner with changing needs, accessory dwelling units, or ADUs for short, may be able to help you reach your goals.What Is an ADU?As AARP says:“An ADU is a small residence that shares a single-family lot with a larger, primary dwelling.”“An ADU is an independent, self-contained living space with a kitchen or kitchenette, bathroom and sleeping area.” “An ADU...

A Real Estate Agent Helps Take the Fear Out of the Market

Written by Florida VA Loan Syndicated User on October 31, 2023. Posted in Buying Myths, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Buyers, For Sellers, Housing Market Updates, Selling Myths.

Do negative headlines and talk on social media have you feeling worried about the housing market? Maybe you’ve even seen or heard something lately that scares you and makes you wonder if you should still buy or sell a home right now. Regrettably, when news in the media isn’t easy to understand, it can make people feel scared and unsure. Similarly, negative talk on social media spreads fast and creates fear. As Jason Lewris, Co-Founder and Chief Data Officer at Parcl, says:“In the absence of trustworthy, up-to-date information, real estate decisions are increasingly being driven by fear,...

The Perks of Selling Your House When Inventory Is Low

Written by Florida VA Loan Syndicated User on October 25, 2023. Posted in Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Sellers, Housing Market Updates, Selling Myths.

When it comes to selling your house, you’re probably trying to juggle the current market conditions and your own needs as you plan your move. One thing that may be working in your favor is how few homes there are for sale right now. Here’s what you need to know about the current inventory situation and what it means for you.The Supply of Homes for Sale Is Far Below the NormWhen you’re selling something, it helps if what you’re selling is in demand, but is also in low supply. Why? That makes it even more desirable since there’s not enough to go around. That’s exactly what’s happening in the housing...

Why Home Prices Keep Going Up

Written by Florida VA Loan Syndicated User on October 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, Housing Market Updates, Pricing, Selling Myths.

If you’ve ever dreamed of buying your own place, or selling your current house to upgrade, you’re no stranger to the rollercoaster of emotions changing home prices can stir up. It’s a tale of financial goals, doubts, and a dash of anxiety that many have been through.But if you put off moving because you’re worried home prices might drop, make no mistake, they’re not going down. In fact, it’s just the opposite. National data from several sources says they’ve been going up consistently this year (see graph below): Here’s what this graph shows. In the first half of 2022,...

The Risks of Selling Your House on Your Own

Written by Florida VA Loan Syndicated User on October 20, 2023. Posted in Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Sellers, FSBOs, Selling Myths.

Are you thinking about selling your house as a For Sale by Owner (FSBO)? If so, know there’s a whole lot more time and expertise needed in that process than you might think. While the idea of doing it all by yourself might seem tempting, it’s important to recognize the challenges you may face if you take it on all by yourself. As a recent article from Bankrate explains:“Choosing the right price, crafting a compelling listing, marketing to potential buyers, coordinating showings, preparing paperwork: All of these are tasks that, in the absence of a real estate agent, you will have...

Category: For Sellers