Where Will You Go If You Sell? Newly Built Homes Might Be the Answer.

Written by Emerald Coast Mortgage Syndicated User on July 1, 2023. Posted in Emerald Coast Mortgage, For Buyers, Mortgage Emerald Coast, Move-Up Buyers, New Construction.

Do you want to sell your house, but hesitate because you’re worried you won’t be able to find your next home in today’s market? You’re not alone, but there’s some good news that may ease your worries. New home construction is up and is becoming an increasingly significant part of the housing inventory.That means when you go to put your house on the market this summer, considering newly built homes is crucial for expanding the options you’ll have for your next move.Near-Record Percentage of New Home InventoryNewly built homes today make up a near-record percentage of the total number of...

Ways To Overcome Affordability Challenges in Today’s Housing Market [INFOGRAPHIC]

Written by Emerald Coast Mortgage Syndicated User on May 1, 2023. Posted in Emerald Coast Mortgage, First Time Home Buyers, For Buyers, Infographics, Interest Rates, Mortgage Emerald Coast, Move-Up Buyers, Pricing.

Some HighlightsWith so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget.You can also work with a trusted lender to consider alternative financing options and search for down payment assistance.If you’ve been searching for a home but are concerned about rising costs, make sure you have a team of trusted real estate professionals for expert advice.

The Three Factors Affecting Home Affordability Today

Written by Emerald Coast Mortgage Syndicated User on May 1, 2023. Posted in Emerald Coast Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Emerald Coast, Move-Up Buyers, Pricing.

There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than just mortgage rates – it’s determined by a combination of mortgage rates, home prices, and wages.Considering how each one of these factors is changing gives you the full picture of home affordability today. Here’s the latest.1. Mortgage RatesWhile mortgage rates are higher than they were a year ago, they’ve hovered primarily between...

Facts About Closing Costs [INFOGRAPHIC]

Written by Emerald Coast Mortgage Syndicated User on April 1, 2023. Posted in Buying Myths, Emerald Coast Mortgage, First Time Home Buyers, For Buyers, Infographics, Mortgage Emerald Coast, Move-Up Buyers.

What You Should Know About Rising Mortgage Rates

Written by Emerald Coast Mortgage Syndicated User on March 1, 2023. Posted in Emerald Coast Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Emerald Coast, Move-Up Buyers.

After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy or if you should hold off on your search until rates come back down.

One Major Benefit of Investing in a Home

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

One of the many reasons to buy a home is that it’s a major way to build wealth and gain financial stability. According to Freddie Mac:

Lower Mortgage Rates Are Bringing Buyers Back to the Market

Written by Emerald Coast Mortgage Syndicated User on February 1, 2023. Posted in Emerald Coast Mortgage, For Sellers, Housing Market Updates, Mortgage Emerald Coast, Move-Up Buyers.

As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.

Where Will You Go If You Sell? You Have Options.

Written by Emerald Coast Mortgage Syndicated User on February 1, 2023. Posted in Emerald Coast Mortgage, For Sellers, Housing Market Updates, Mortgage Emerald Coast, Move-Up Buyers, New Construction.

There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next.

Homeownership Builds Your Wealth over Time [INFOGRAPHIC]

Written by Emerald Coast Mortgage Syndicated User on February 1, 2023. Posted in Emerald Coast Mortgage, First Time Home Buyers, For Buyers, Infographics, Mortgage Emerald Coast, Move-Up Buyers, Pricing.

What You Want To Know If You’re Pursuing Your Dream of Homeownership

Written by Emerald Coast Mortgage Syndicated User on December 1, 2022. Posted in Buying Myths, Emerald Coast Mortgage, First Time Home Buyers, For Buyers, Gen Z, Housing Market Updates, Millennials, Mortgage Emerald Coast, Move-Up Buyers.

If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead. And if homeownership ranks high on your goal sheet, you’re in good company. Many of your peers are also pursuing their dream of owning a home. The 2022 Millennial & Gen Z Borrower Sentiment Report from Maxwell says: “Many young adults have demonstrated their resolve to embark on the journey toward homeownership soon. More than half of millennials and Gen Zs plan to apply for a mortgage sometime within the next year.” Let’s take a look at why homeownership makes the top of so many...

Category: Move-Up Buyers