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Category: Housing Market Updates

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Does Your House Have What Buyers Want?

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

The rise in remote work is changing what many Americans want in their homes. Many companies are choosing to delay reopening or go remote full-time, and today’s buyers are looking for homes with more space to support their work needs. As a seller, if you no longer need the extra room you have in your home, rest assured there are buyers who do. Remote Work Is Here To Stay Remote work remains a reality for many Americans. A recent poll from Garter, Inc. shows many organizations have not yet returned their offices: “. . . 66% of organizations are delaying reopening their offices due to new COVID-19...

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As Home Equity Rises, So Does Your Wealth

Written by Emerald Coast Mortgage Syndicated User on . Posted in Emerald Coast Mortgage, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Mortgage Emerald Coast, Move-Up Buyers, Pricing.

Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is one of the best ways to increase your net worth. This boost to your wealth comes in the form of equity. Equity is the difference between what you owe on the home and its market value based on factors like price appreciation. The best thing about equity is that it often grows without you even realizing it, especially in a sellers’...

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Home Price Appreciation Is Skyrocketing in 2021. What About 2022?

Written by Emerald Coast Mortgage Syndicated User on . Posted in Emerald Coast Mortgage, For Buyers, For Sellers, Housing Market Updates, Mortgage Emerald Coast, Pricing.

One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year. Here are the latest percentages showing the year-over-year increase in home price appreciation: The House Price Index (HPI) from the Federal Housing Finance Agency (FHFA): 18.8% The S. National Home Price Index from S&P Case-Shiller: 18.6% The Home Price Insights Report from CoreLogic: 18% The dramatic increases are seen at every price point and in...

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Understand Your Options To Avoid Foreclosure

Written by Emerald Coast Mortgage Syndicated User on . Posted in Distressed Properties, Emerald Coast Mortgage, For Sellers, Foreclosures, Housing Market Updates, Mortgage Emerald Coast, Pricing, Short Sales.

Even though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility. And while the overall percentage of homeowners at risk is decreasing with time (see graph below), that’s little comfort to those individuals who are facing challenges today.If you haven’t taken advantage of the forbearance period, it may be time to research and understand your options. It starts with knowing what foreclosure is. Investopedia defines it like this: “Foreclosure is the legal process by which a lender...

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