Why Achieving the Dream of Homeownership Can Be More Difficult for Some Americans

Written by Jupiter Island Mortgage Syndicated User on June 21, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage.

Today we take time to honor and recognize the past and present experiences of Black Americans. When it comes to real estate specifically, equitable access to housing has come a long way, but the path to homeownership is still steeper for households of color. The Gap in Homeownership Rate in America It’s a more challenging journey to achieve homeownership for some buyers, as shown by the measurable gap between the overall average U.S. homeownership rate and that of non-white groups. Today, Census data shows the lowest homeownership rate persists in the Black community (see graph below): This...

The Top Reasons To Own Your Home [INFOGRAPHIC]

Written by Jupiter Island Mortgage Syndicated User on June 11, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Move-Up Buyers.

Some Highlights June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home. If you’re considering homeownership, know that it can give you privacy, comfort, and a place to express yourself. It can also provide financial stability and help you grow your net worth. Are you ready to experience all the great benefits that come from purchasing a home? Let’s connect to begin the process today. Content previously posted on Keeping Current Matters

What Are the Best Options for Today’s First-Time Homebuyers?

Written by Jupiter Island Mortgage Syndicated User on June 9, 2022. Posted in First Time Home Buyers, For Buyers, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage.

If you’re looking to buy your first home, you’re likely balancing several factors. Because both mortgage rates and home prices have risen this year, it costs more to buy a home than it did even just a few months ago. But that doesn’t mean you have to put your plans on hold. If you partner with a trusted real estate advisor and hone your strategy, you can navigate today’s market and find the home you’re looking for. Here are two tips to help you get started. Work with a Professional To Prioritize Your Wish List If you’re having trouble finding a home in your budget that checks all the boxes,...

How Homeownership Impacts You

Written by Jupiter Island Mortgage Syndicated User on June 3, 2022. Posted in First Time Home Buyers, For Buyers, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Move-Up Buyers, Rent vs. Buy.

June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be. When you purchase a house, it becomes more than just a space you occupy. It’s your stake in the community, an investment, and a place you can put your stamp on. If you’re thinking about buying a home this year, here are some of the benefits you’ll experience when you do. The Emotional Benefits of Homeownership Because it’s a place that’s uniquely yours, owning a home can give you a sense of pride and happiness in several ways. Your Home Can Reflect Your Tastes and Personality Investopedia...

What Does the Rest of the Year Hold for the Housing Market?

Written by Jupiter Island Mortgage Syndicated User on June 1, 2022. Posted in First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Move-Up Buyers.

If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say. The Number of Homes Available for Sale Is Likely To Grow There are early signs housing inventory is starting to grow and experts say that should continue in the months ahead. According to Danielle Hale, Chief Economist at realtor.com: “The gap between this year’s homes for sale and last year’s is one-fifth the size...

Don’t Let Rising Inflation Delay Your Homeownership Plans [INFOGRAPHIC]

Written by Jupiter Island Mortgage Syndicated User on May 21, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage.

Some Highlights If recent headlines about rising inflation are making you wonder if it’s still a good time to buy, here’s what experts have to say. Housing is an asset that typically grows in value. Plus, your mortgage helps stabilize your monthly housing costs, and buying protects you from rising rents. Experts say owning a home is historically a good hedge against inflation. Let’s connect if you’re ready to start the homebuying process today. Content previously posted on Keeping Current Matters

How Homeownership Can Bring You Joy

Written by Jupiter Island Mortgage Syndicated User on May 19, 2022. Posted in First Time Home Buyers, For Buyers, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Rent vs. Buy.

If you’re trying to decide whether to rent or buy a home, you’re probably weighing a few different factors. The financial benefits of homeownership might be one of the reasons you want to make a purchase if you’re a renter, but the decision can also be motivated by having a place that’s uniquely your own. If you want to express yourself by upgrading and customizing your living space but are feeling held back by your rental agreement, it might be time to consider the perks of owning your home. A Little Change Can Bring Lots of Joy There’s a significant level of pride that comes from owning a...

Why Rising Mortgage Rates Push Buyers off the Fence

Written by Jupiter Island Mortgage Syndicated User on May 17, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Move-Up Buyers.

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in one of two ways: they’re either making the decision to buy now before rates climb higher or they’re waiting it out in hopes rates will fall. Let’s look at some context that can help you understand why so many buyers are jumping off the fence and into action rather than waiting to buy. A...

Are There More Homes Coming to the Market?

Written by Jupiter Island Mortgage Syndicated User on May 12, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Move-Up Buyers.

According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes for sale is so low today. If you’re looking to buy a home, you may have noticed this yourself. But there is good news. Recent data shows more sellers are listing their houses this season, which may give you more options for your home search. Early Signs Inventory May Be Growing The latest data from realtor.com shows the number of listings coming onto the market, known...

How Today’s Mortgage Rates Impact Your Home Purchase

Written by Jupiter Island Mortgage Syndicated User on May 10, 2022. Posted in First Time Home Buyers, For Buyers, Interest Rates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Move-Up Buyers, Pricing.

If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does the monthly payment you’re able to lock in on your home loan. In a rising-rate environment like we’re in today, that could limit your future purchasing power. Today, the average 30-year fixed mortgage rate is above 5%, and in the near term, experts say...

Category: First Time Home Buyers