Home Price Deceleration Doesn’t Mean Home Price Depreciation

Written by Jupiter Island Mortgage Syndicated User on June 17, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Pricing.

Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look at a few terms you may hear: Appreciation is when home prices increase. Depreciation is when home prices decrease. Deceleration is when home prices continue to appreciate, but at a slower pace. Where Home Prices Have Been in Recent Years For starters, you’ve probably heard home prices have skyrocketed over...

Is the Housing Market Correcting?

Written by Jupiter Island Mortgage Syndicated User on June 15, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage.

If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to know. The housing market is moderating compared to the last two years, but what everyone needs to remember is that the past two years were record-breaking in nearly every way. Record-low mortgage rates and millennials reaching peak homebuying years led to an influx of buyer demand. At the same time, there weren’t enough homes available to purchase thanks to many years...

More Americans Choose Real Estate as the Best Investment Than Ever Before

Written by Jupiter Island Mortgage Syndicated User on June 14, 2022. Posted in For Buyers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage.

Americans’ opinion on the value of real estate as an investment is climbing. That’s according to an annual survey from Gallup. Not only is real estate viewed as the best investment for the ninth year in a row, but more Americans selected it than ever before. The graph below shows the results of the survey since Gallup began asking the question in 2011. As the trend lines indicate, real estate has been gaining ground as the clear favorite for almost a decade now: If you’re thinking about purchasing a home, let this poll reassure you. Even when inflation is high like today, Americans recognize...

Why the Growing Number of Homes for Sale Is Good for Your Move Up

Written by Jupiter Island Mortgage Syndicated User on June 8, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Move-Up Buyers.

Are you thinking about selling your current home? If so, the biggest question on your mind may be: if I sell now, where will I go? If this resonates with you, there’s something you should know. The number of homes coming onto the market is increasing and that could make it easier for you to move up this summer. According to the latest data from realtor.com, the number of homes being listed for sale, known as new listings, has increased consistently this year (see graph below): While this news has clear benefits for buyers who are craving more options for their home search, what does that mean...

History Proves Recession Doesn’t Equal a Housing Crisis [INFOGRAPHIC]

Written by Jupiter Island Mortgage Syndicated User on June 4, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Pricing.

Some Highlights It’s important to understand history proves an economic slowdown does not equal a housing crisis. In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008. If you have questions, let’s connect to discuss why today’s housing market is nothing like 2008. Content previously posted on Keeping Current Matters

Why Home Loans Today Aren’t What They Were in the Past

Written by Jupiter Island Mortgage Syndicated User on June 2, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage.

In today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago. Let’s ease those concerns. Several times a year, the Mortgage Bankers Association (MBA) releases an index titled the Mortgage Credit Availability Index (MCAI). According to their website: “The MCAI provides the only standardized quantitative index that is solely focused on mortgage credit. The MCAI is . . . a summary measure which indicates the availability of mortgage credit at a point in time.” Basically, the index determines...

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...

How Buying or Selling a Home Benefits the Economy and Your Community

Written by Jupiter Island Mortgage Syndicated User on May 26, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage.

If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a large impact on your community too? To measure that impact, the National Association of Realtors (NAR) releases a report each year to highlight just how much economic activity a home sale generates. The chart below shows how the sale of both a newly built home and an existing home impact the economy: As the visual shows, a single home sale can have a significant effect on the overall economy. To dive a level deeper, NAR also provides a detailed...

Sellers Have an Opportunity with Today’s Home Prices

Written by Jupiter Island Mortgage Syndicated User on May 25, 2022. Posted in For Sellers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Move-Up Buyers, Pricing.

As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that trend. According to data from CoreLogic, home price appreciation has been re-accelerating since November. The graph below shows this increase in home price appreciation in green: This is largely due to an ongoing imbalance in supply and demand. Specifically, housing supply is still low, and demand...

The One Thing Every Homeowner Needs To Know About a Recession

Written by Jupiter Island Mortgage Syndicated User on May 20, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage.

A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value. The National Bureau of Economic Research (NBER) defines a recession this way: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its...

Category: Housing Market Updates