If Housing Affordability Is About the Money, Don’t Forget This.

Written by Emerald Coast Mortgage Syndicated User on August 26, 2021. Posted in Emerald Coast Mortgage, Mortgage Emerald Coast.

There are many non-financial benefits of buying your own home. However, today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy a home in today’s market, but that isn’t the case. Today’s buyers are spending approximately 20% of their income on their monthly mortgage payments. According to The Essential Guide to Creating a Homebuying Budget from Freddie Mac, the 20% of income that purchasers are currently paying is well within the 28% guideline suggested: “Most...

Why 2021 Is Still the Year To Sell Your House

Written by Emerald Coast Mortgage Syndicated User on August 25, 2021. Posted in Emerald Coast Mortgage, Mortgage Emerald Coast.

If you’re trying to decide whether or not to sell your house, this is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s a good time to sell is higher now than it was over the past few summers (see graph below). Today, the majority of consumers, 75 percent, say it’s a good time to sell a house. Why is sellers sentiment up year-over-year? The higher good time to sell sentiment has to do with today’s market conditions, specifically low housing supply and high buyer demand. In the simplest terms,...

What To Do with Your Vacation Home as Summer Ends

Written by Emerald Coast Mortgage Syndicated User on August 24, 2021. Posted in Emerald Coast Mortgage, Mortgage Emerald Coast.

As summer comes to a close, is it time to think about selling your vacation home? Based on recent data and expert opinions, it’s something you may want to consider. According to research from the National Association of Realtors (NAR), vacation home sales are up 57.2% year-over-year for January-April 2021. If you’ve taken your last vacation this summer, here are reasons you should consider selling your vacation home this year. 1. Remote work continues to drive demand for vacation homes. As the report from NAR says, based on continuously evolving work needs, there could be more interest in your...

What Do Experts Say About Today’s Mortgage Rates?

Written by Emerald Coast Mortgage Syndicated User on August 23, 2021. Posted in Emerald Coast Mortgage, Mortgage Emerald Coast.

Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison. Generally speaking, when rates are low, you can afford more home for your money. That’s why experts across the industry agree – today’s low rates present buyers with an incredible opportunity. Here’s what they have to say: Sam Khater, Chief Economist at Freddie Mac, points out the historic nature of today’s rates: “As the economy works to get back to its pre-pandemic self, and the fight against COVID-19 variants...

Options for First-Time Homebuyers [INFOGRAPHIC]

Written by Emerald Coast Mortgage Syndicated User on August 20, 2021. Posted in Emerald Coast Mortgage, Mortgage Emerald Coast.

Some Highlights With a housing market this competitive, sometimes you have to think outside the box. Work with your trusted real estate advisors to do things like assess your budget, expand your search radius, look into other options, and determine your true needs. If you’re having trouble finding your first home, let’s connect to explore your options. It’s out there! Content previously posted on Keeping Current Matters Keeping Current Matters

Category: Mortgage Emerald Coast

If Housing Affordability Is About the Money, Don’t Forget This.

Why 2021 Is Still the Year To Sell Your House

What To Do with Your Vacation Home as Summer Ends

What Do Experts Say About Today’s Mortgage Rates?

Options for First-Time Homebuyers [INFOGRAPHIC]