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 You Want an Agent’s Advice for Your Move

Written by Emerald Coast Mortgage Syndicated User on March 1, 2024. Posted in Buying Myths, Emerald Coast Mortgage, For Buyers, For Sellers, Mortgage Emerald Coast, Selling Myths.

No matter how you slice it, buying or selling a home is a big decision. And when you’re going through any change in your life and you need some guidance, what do you do? You get advice from people who know what they’re talking about. Moving is no exception. You need insights from the pros to help you feel confident in your decision. Freddie Mac explains it like this:“As you set out to find the right home for your family, be sure to select experienced, trusted professionals who will help you make informed decisions and avoid pitfalls.”And while perfect advice isn’t possible – not even from the...

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 too...

Florida Mortgage | Why You May Want To Consider a Newly Built Home Today

Written by Emerald Coast Mortgage Syndicated User on February 4, 2024. Posted in Emerald Coast Mortgage, Mortgage Emerald Coast.

Why You May Want To Consider a Newly Built Home Today. If you’re feeling frustrated by the limited supply of homes for sale, you may want to look into new home construction. Let’s connect to go over the process for buying a newly built home and see what’s available near us. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Florida Mortgage | Mortgage Applications Are Surging as Rates Fall

Written by Emerald Coast Mortgage Syndicated User on February 2, 2024. Posted in Emerald Coast Mortgage, Mortgage Emerald Coast.

Florida Mortgage | Mortgage Applications Are Surging as Rates Fall NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany #mortgagerates #mortgage

Don’t Wait Until Spring To Sell Your House

Written by Emerald Coast Mortgage Syndicated User on February 1, 2024. Posted in Emerald Coast Mortgage, For Sellers, Interest Rates, Mortgage Emerald Coast.

As you think about the year ahead, one of your big goals may be moving. But, how do you know when to make your move? While spring is usually the peak homebuying season, you don’t actually need to wait until spring to sell. Here’s why.1. Take Advantage of Lower Mortgage RatesLast October, the 30-year fixed mortgage rates peaked at 7.79%. In January, they hit their lowest level since May. That means you may not feel as locked-in to your current mortgage rate right now. That downward trend in rates has made moving more affordable now than it was just a few months ago.Another reason today’s...

Florida Mortgage | Florida Market Update

Written by Emerald Coast Mortgage Syndicated User on February 1, 2024. Posted in Emerald Coast Mortgage, Mortgage Emerald Coast.

Florida Mortgage | Florida Market Update NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany #floridarealestate #floridarealestatemarket

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 sound...

2 of the Factors That Impact Mortgage Rates

Written by Emerald Coast Mortgage Syndicated User on February 1, 2024. Posted in Emerald Coast Mortgage, For Buyers, Interest Rates, Mortgage Emerald Coast.

If you’re looking to buy a home, you’ve probably been paying close attention to mortgage rates. Over the last couple of years, they hit record lows, rose dramatically, and are now dropping back down a bit. Ever wonder why?The answer is complicated because there’s a lot that can influence mortgage rates. Here are just a few of the most impactful factors at play.Inflation and the Federal ReserveThe Federal Reserve (Fed) doesn’t directly determine mortgage rates. But the Fed does move the Federal Funds Rate up or down in response to what’s happening with inflation, the economy, employment rates,...

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 these...

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