Why We Aren’t Headed for a Housing Crash

Written by Emerald Coast Mortgage Syndicated User on March 1, 2024. Posted in Emerald Coast Mortgage, Housing Market Updates, Interest Rates, Mortgage Emerald Coast, Pricing.

If you’re holding out hope that the housing market is going to crash and bring home prices back down, here’s a look at what the data shows. And spoiler alert: that’s not in the cards. Instead, experts say home prices are going to keep going up.Today’s market is very different than it was before the housing crash in 2008. Here’s why.It’s Harder To Get a Loan Now – and That’s Actually a Good ThingIt was much easier to get a home loan during the lead-up to the 2008 housing crisis than it is today. Back then, banks had different lending standards, making it easy for just about anyone to qualify...

Why Today’s Housing Supply Is a Sweet Spot for Sellers

Written by Emerald Coast Mortgage Syndicated User on March 1, 2024. Posted in Emerald Coast Mortgage, For Sellers, Housing Market Updates, Mortgage Emerald Coast.

Wondering if it still makes sense to sell your house right now? The short answer is, yes. And if you look at the current number of homes for sale, you’ll see two reasons why.An article from Calculated Risk shows there are 15.6% more homes for sale now compared to the same week last year. That tells us inventory has grown. But going back to 2019, the last normal year in the housing market, there are nearly 40% fewer homes available now:Here’s a breakdown of how this benefits you when you sell. 1. You Have More Options for Your MoveAre you thinking about selling because your current house is...

Foreclosure Activity Is Still Lower than the Norm

Written by Emerald Coast Mortgage Syndicated User on February 1, 2024. Posted in Emerald Coast Mortgage, Foreclosures, Housing Market Updates, Mortgage Emerald Coast.

Have you seen headlines talking about the increase in foreclosures in today’s housing market? If so, they may leave you feeling a bit uneasy about what’s ahead. But remember, these clickbait titles don’t always give you the full story.The truth is, if you compare the current numbers with what usually happens in the market, you’ll see there’s no need to worry.Putting the Headlines into PerspectiveThe increase the media is calling attention to is misleading. That’s because they’re only comparing the most recent numbers to a time where foreclosures were at historic lows. And that’s making it...

Will a Silver Tsunami Change the 2024 Housing Market?

Written by Emerald Coast Mortgage Syndicated User on February 1, 2024. Posted in Demographics, Emerald Coast Mortgage, Housing Market Updates, Mortgage Emerald Coast.

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...

3 Reasons To Sell Your House Before the New Year [INFOGRAPHIC]

Written by Emerald Coast Mortgage Syndicated User on December 1, 2023. Posted in Emerald Coast Mortgage, For Sellers, Housing Market Updates, Infographics, Mortgage Emerald Coast, Selling Myths.

Some HighlightsHere are a few reasons you may not want to hold off until the new year to sell your house. Buyers looking right now are highly motivated, the supply of homes for sale is still low, and you may find buyers are more flexible with showings this time of year.Reach out to a real estate agent to determine if selling your house now is the right move for you.

Is Owning a Home Still the American Dream for Younger Buyers?

Written by Emerald Coast Mortgage Syndicated User on December 1, 2023. Posted in Buying Myths, Demographics, Emerald Coast Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Emerald Coast.

Everyone has their own idea of the American Dream, and it’s different for each person. But, in a recent survey by Bankrate, people were asked about the achievements they believe represent the American Dream the most. The answers show that owning a home still claims the #1 spot for many Americans today (see graph below): In fact, according to the graph, owning a home is more important to people than retiring, having a successful career, or even getting a college degree. But is the dream of homeownership still alive for younger generations?A recent survey by 1000watt dives into how the...

Why the Economy Won’t Tank the Housing Market

Written by Emerald Coast Mortgage Syndicated User on December 1, 2023. Posted in Emerald Coast Mortgage, Housing Market Updates, Mortgage Emerald Coast.

If you’re worried about a coming recession, you’re not alone. Over the past couple of years, there’s been a lot of recession talk. And many people worry, if we do have one, it would cause the unemployment rate to skyrocket. Some even fear that a spike in unemployment would lead to a rash of foreclosures similar to what happened 15 years ago.However, the latest Economic Forecasting Survey from the Wall Street Journal (WSJ) reveals that, for the first time in over a year, less than half (48%) of economists believe a recession will actually occur within the next year:“Economists are turning...

Are the Top 3 Housing Market Questions on Your Mind?

Written by Emerald Coast Mortgage Syndicated User on December 1, 2023. Posted in Buying Myths, Emerald Coast Mortgage, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Mortgage Emerald Coast, Move-Up Buyers, Selling Myths.

When it comes to what’s happening in the housing market, there’s a lot of confusion going around right now. You may hear one thing in conversation with your friends, see something totally different on the news, and read something on social media that contradicts both of those thoughts. And, if you’re thinking about making a move, that can leave you with a lot of lingering questions. That’s where a trusted local real estate agent comes in.Here are the top 3 questions people are asking about today’s housing market, and the data to help answer them.1. What’s Next for Mortgage Rates?Mortgage...

Foreclosures and Bankruptcies Won’t Crash the Housing Market

Written by Emerald Coast Mortgage Syndicated User on November 1, 2023. Posted in Emerald Coast Mortgage, Foreclosures, Housing Market Updates, Mortgage Emerald Coast.

If you’ve been following the news recently, you might have seen articles about an increase in foreclosures and bankruptcies. That could be making you feel uneasy, especially if you’re thinking about buying or selling a house.But the truth is, even though the numbers are going up, the data shows the housing market isn’t headed for a crisis.Foreclosure Activity Rising, but Less Than Headlines SuggestIn recent years, the number of foreclosures has been very low. That’s because, in 2020 and 2021, the forbearance program and other relief options were put in place to help many...

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

Written by Emerald Coast Mortgage Syndicated User on November 1, 2023. Posted in Buying Myths, Emerald Coast Mortgage, For Buyers, For Sellers, Housing Market Updates, Mortgage Emerald Coast, 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...

Category: Housing Market Updates