Investors Are Not Buying Up All the Homes

Written by Emerald Coast Mortgage Syndicated User on December 1, 2024. Posted in Economy, Emerald Coast Mortgage, For Buyers, Infographics, Mortgage Emerald Coast.

Some HighlightsThere’s a misconception Wall Street is buying all the homes on the market. But data proves that isn’t true.?Experts agree the share of homes bought by investors is declining – and most are smaller investors, like your neighbor who owns a second home, not Wall Street.No matter what you’ve heard, the majority of homes are still being purchased by everyday homebuyers like you – not big investors. Connect with an agent if you have questions.?

How Real Estate Agents Take the Fear Out of Moving

Written by Emerald Coast Mortgage Syndicated User on November 1, 2024. Posted in Agent Value, Emerald Coast Mortgage, For Buyers, For Sellers, Mortgage Emerald Coast.

Feeling a bit unsure, or even afraid, to move with everything going on right now? The decision to move shouldn’t be scary, it should be exciting. And the best way to eliminate any fear is to work with a pro. Real estate agents are so much more than just transaction facilitators; they’re trusted guides to help you navigate the complexities of the housing market with confidence and ease. And a great agent can turn what may feel like a daunting process into a manageable—and even enjoyable—experience.That’s why, in a Bright MLS survey, respondents agreed partnering with an agent is essential and...

Avoid These Top Homebuyer Mistakes in Today’s Market

Written by Emerald Coast Mortgage Syndicated User on November 1, 2024. Posted in Agent Value, Emerald Coast Mortgage, For Buyers, Mortgage Emerald Coast.

No one likes making mistakes, especially when they happen in what’s likely the biggest transaction of your life – buying a home.That’s why partnering with a trusted agent is so important. Here’s a sneak peek at the most common missteps buyers are making in today’s market and how a great agent will help you steer clear of each one.Trying To Time the MarketMany buyers are trying to time the market by waiting for home prices or mortgage rates to drop. This can be a really risky strategy because there’s so much at play that can have an impact on those things. As Elijah de la Campa, Senior Economist...

Why Home Sales Bounce Back After Presidential Elections

Written by Emerald Coast Mortgage Syndicated User on November 1, 2024. Posted in Economy, Emerald Coast Mortgage, For Buyers, For Sellers, Home Prices, Mortgage Emerald Coast.

With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market. Let’s break it down.Election Years Bring a Temporary SlowdownIn any given year, home sales slow down slightly in the fall. It’s a typical, seasonal trend. However, according to data from BTIG, in election years there’s usually a slightly larger dip in home sales in the month leading up to Election Day (see graph below):Why? Uncertainty. Many consumers hold off on making major decisions or purchases while they wait to see how the election will play out. It’s a pattern...

Buying Beats Renting in 22 Major U.S. Cities

Written by Emerald Coast Mortgage Syndicated User on October 1, 2024. Posted in Affordability, Emerald Coast Mortgage, For Buyers, Home Prices, Inventory, Mortgage Emerald Coast, Mortgage Rates.

That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments (see chart below):As mortgage rates have eased off their recent peak, home prices have moderated, and inventory has ticked up, affordability has improved significantly. When you add all of that up, it’s getting less expensive to buy a home than to rent one in many parts of the country.This is a big deal if you’ve been renting for a while now. But if you don’t see your city on this list, don’t sweat it. Things are moving fast, and your area might...

Buy Now, or Wait?

Written by Emerald Coast Mortgage Syndicated User on October 1, 2024. Posted in Buying Tips, Emerald Coast Mortgage, For Buyers, Infographics, Mortgage Emerald Coast, Mortgage Rates.

Some HighlightsIf you’re wondering if you should buy now or wait, here’s what you need to know. If you wait for rates to drop more, you’ll have to deal with more competition and higher prices as additional buyers jump back in. But if you buy now, you’d get ahead of that and have the chance to start building equity.Should you buy now or wait? Connect with a real estate agent and talk through it together, so you can make your best decision.

Don’t Fall for These Real Estate Agent Myths

Written by Emerald Coast Mortgage Syndicated User on October 1, 2024. Posted in Agent Value, Buying Tips, Emerald Coast Mortgage, For Buyers, For Sellers, Mortgage Emerald Coast, Selling Tips.

When it’s time to buy or sell a home, one of the most important decisions you’ll make is who you’ll work with as your agent. That choice will have an impact on your entire experience and how smoothly it goes.As you figure out who you’ll partner with, it’s important to know what to expect and what to look for. Unfortunately, there may be some myths holding you back from making the best decision possible. So, let’s take some time to address those, and make sure you have the information you need to find the right agent for you.Myth #1: All Real Estate Agents Are the SameYou might think all agents...

Are We Heading into a Balanced Market?

Written by Emerald Coast Mortgage Syndicated User on September 1, 2024. Posted in Emerald Coast Mortgage, For Buyers, For Sellers, Inventory, Mortgage Emerald Coast.

If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know.What Is a Balanced Market?A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a more balanced...

2025 Housing Market Forecasts: What To Expect

Written by Emerald Coast Mortgage Syndicated User on September 1, 2024. Posted in Emerald Coast Mortgage, For Buyers, For Sellers, Forecasts, Home Prices, Mortgage Emerald Coast, Mortgage Rates.

Looking ahead to 2025, it’s important to know what experts are projecting for the housing market. And whether you’re thinking of buying or selling a home next year, having a clear picture of what they’re calling for can help you make the best possible decision for your homeownership plans.Here’s an early look at the most recent projections on mortgage rates, home sales, and prices for 2025.Mortgage Rates Are Projected To Come Down SlightlyMortgage rates play a significant role in the housing market. The forecasts for 2025 from Fannie Mae, the Mortgage Bankers Association (MBA), the...

Why the Sandwich Generation Is Buying Multi-Generational Homes

Written by Emerald Coast Mortgage Syndicated User on August 1, 2024. Posted in Buying Tips, Emerald Coast Mortgage, For Buyers, Mortgage Emerald Coast.

Are you a part of the Sandwich Generation? According to Realtor.com, that’s a name for the roughly one in six Americans who take care of their children and their parents or grandparents at the same time.If that sounds familiar to you, juggling all the responsibilities involved certainly must have its challenges. But it turns out there’s one pretty significant benefit: it can actually make it a bit easier for you to buy a home.How Can It Help You Buy a Home?Realtor.com asked members of the Sandwich Generation if they agree or disagree that taking care of children and parents at the same time...

Category: For Buyers