New Homes May Have the Incentives You’re Looking for Today

Written by Jupiter Island Mortgage Syndicated User on September 2, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Move-Up Buyers, New Construction.

According to the U.S. Census Bureau, this year, builders are on pace to complete more than a million new homes in this country. If you’ve had trouble finding a home to buy over the past year, it may be time to work with your trusted agent to consider a new build and the incentives that come with it. Here’s why. The Supply of Newly Built Homes Is Rising When looking for a home, you can choose between existing homes (those that are already built and previously owned) and newly constructed ones. While the inventory of existing homes is on the rise today, it’s still in tight supply, meaning it...

Buyers: You May Face Less Competition as Bidding Wars Ease

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

One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it drove home prices up. If you tried to buy a house over the past two years, you probably experienced this firsthand and may have been outbid on several homes along the way. But here’s the news you’ve been waiting for: data shows clear signs bidding wars are easing this year. According to the National Association of Realtors (NAR),...

What’s Actually Happening with Home Prices Today?

Written by Jupiter Island Mortgage Syndicated User on August 31, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Pricing.

One of the biggest questions people are asking right now is: what’s happening with home prices? There are headlines about ongoing price appreciation, but at the same time, some sellers are reducing the price of their homes. That can feel confusing and makes it more difficult to get a clear picture. Part of the challenge is that it can be hard to understand what experts are saying when the words they use sound similar. Let’s break down the differences among those terms to help clarify what’s actually happening today. Appreciation is when home prices increase. Depreciation is when home prices...

What Would a Recession Mean for the Housing Market? [INFOGRAPHIC]

Written by Jupiter Island Mortgage Syndicated User on August 27, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage.

Some Highlights If you’re wondering what a potential recession could mean for the housing market, here’s what history tells us. In four of the last six recessions, home prices actually appreciated, only falling during the early 90s and the housing crash in 2008. Mortgage rates, though, declined during each of the previous recessions. If you have questions about buying or selling a home in today’s market, let’s connect. Content previously posted on Keeping Current Matters

Why You May Want To Start Your Home Search Today

Written by Jupiter Island Mortgage Syndicated User on August 26, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Move-Up Buyers.

If you’re thinking about buying a home, you likely have a lot of factors on your mind. You’re weighing your own needs against higher mortgage rates, today’s home prices, and more to try to decide if you want to jump into the market. While some buyers may wait things out, there’s a reason serious buyers are making moves right now, and that’s the growing number of homes for sale. So far this year, housing inventory has been increasing and that’s making the prospect of finding your dream home less difficult. While there are always reasons you could delay making a big decision, there are also always...

Why Today’s Housing Inventory Proves the Market Isn’t Headed for a Crash

Written by Jupiter Island Mortgage Syndicated User on August 25, 2022. Posted in Buying Myths, For Buyers, For Sellers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Selling Myths.

Whether or not you owned a home in 2008, you likely remember the housing crash that took place back then. And news about an economic slowdown happening today may bring all those concerns back to the surface. While those feelings are understandable, data can help reassure you the situation today is nothing like it was in 2008. One of the key reasons why the market won’t crash this time is the current undersupply of inventory. Housing supply comes from three key places: Current homeowners putting their homes up for sale Newly built homes coming onto the market Distressed properties (short sales...

What Sellers Need To Know in Today’s Housing Market

Written by Jupiter Island Mortgage Syndicated User on August 24, 2022. Posted in For Sellers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Pricing.

If you’re thinking about selling your house, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a move, the good news is you haven’t – motivated buyers are still out there. But you do need to price your house right for today’s market. Here’s why. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says: “Homes priced right are selling very quickly, but...

Experts Increase 2022 Home Price Projections

Written by Jupiter Island Mortgage Syndicated User on August 18, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Pricing.

If you’re wondering if home prices are going to come down due to the cooldown in the housing market or a potential recession, here’s what you need to know. Not only are experts forecasting home prices will continue to appreciate nationwide this year, but most of them also actually increased their projections for home price appreciation from their original 2022 forecasts (shown in green in the chart below): As the chart shows, most sources adjusted up, and now call for more appreciation in 2022 than they originally projected this January. But why are experts so confident the housing market will...

What Would a Recession Mean for the Housing Market?

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

According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there’d be a recession by now. But this July, when polled, 49% believe we will see a recession in the coming 12 months. And as more recession talk fills the air, one concern many people have is: should I delay my homeownership plans if there’s a recession? Here’s a look at historical data to show what happened in real estate during previous recessions to help prove why...

The U.S. Homeownership Rate Is Growing

Written by Jupiter Island Mortgage Syndicated User on August 16, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Rent vs. Buy.

The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S. population live in a home they own, and the percentage is growing with time. If you’re thinking about buying a home this year, here are just a few reasons why so many people see the value of homeownership. Why Are More People Becoming Homeowners? There are several benefits to owning your home. A significant one, especially when inflation...

Category: Housing Market Updates