What’s Ahead for Home Prices?

Written by Jupiter Island Mortgage Syndicated User on October 21, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Pricing.

As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well. And if you’re following along with headlines in the media, you’re probably seeing a wide range of opinions calling for everything from falling home prices to ongoing appreciation. But what’s true? What’s most likely to happen moving forward? While opinions differ, the most likely outcome is we’ll fall somewhere in the middle of slight appreciation and slight depreciation. Here’s a look at the latest expert projections so you have the best information possible today. What...

Perspective Matters When Selling Your House Today

Written by Jupiter Island Mortgage Syndicated User on October 14, 2022. Posted in For Sellers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Move-Up Buyers, Pricing, Selling Myths.

Does the latest news about the housing market have you questioning your plans to sell your house? If so, perspective is key. Here are some of the ways a trusted real estate professional can explain the shift that’s happening today and why it’s still a sellers’ market even during the cooldown. Fewer Homes for Sale than Pre-Pandemic While the supply of homes available for sale has increased this year compared to last, we’re still nowhere near what’s considered a balanced market. A recent article from Calculated Risk helps put this year’s increased inventory into context (see graph below): It...

What Are Experts Saying About the Fall Housing Market?

Written by Jupiter Island Mortgage Syndicated User on October 12, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Pricing.

The housing market is rapidly changing from the peak frenzy it saw over the past two years. That means you probably have questions about what your best move is if you’re thinking of buying or selling this fall. To help you make a confident decision, lean on the professionals for insights. Here are a few things experts are saying about the fall housing market. Expert Quotes for Fall Homebuyers A recent article from realtor.com: “This fall, a more moderate pace of home selling, more listings to choose from, and softening price growth will provide some breathing room for buyers searching for...

Two Questions Every Homebuyer Should Ask Themselves Right Now

Written by Jupiter Island Mortgage Syndicated User on October 7, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Move-Up Buyers, Pricing.

Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But this rise in borrowing cost shows no signs of letting up soon. Economic uncertainty and the volatility of the financial markets are causing mortgage rates to rise. George Ratiu, Senior Economist and Manager of Economic Research at realtor.com, says this: “While even two months ago rates above 7% may have...

The Long-Term Benefit of Homeownership

Written by Jupiter Island Mortgage Syndicated User on October 6, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Move-Up Buyers, Pricing.

Today’s cooling housing market, the rise in mortgage rates, and mounting economic concerns have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to factor the long-term benefits of homeownership into your decision. Consider this: if you know people who bought a home 5, 10, or even 30 years ago, you’re probably going to have a hard time finding someone who regrets their decision. Why is that? The reason is tied to how you gain equity and wealth as home values grow with time. The National Association of...

What Experts Say Will Happen with Home Prices Next Year

Written by Jupiter Island Mortgage Syndicated User on September 23, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Pricing.

Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long it would last. If you’re asking yourself: what’s ahead for the price of my home, know that experts are now answering this question, and its welcome news for homeowners who may have been led by the media to believe their home would lose value. Historically, home prices have appreciated at a rate near 4%. For 2023, the average of six major forecasters...

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 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...

3 Tips for Buying a Home Today

Written by Jupiter Island Mortgage Syndicated User on August 23, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Move-Up Buyers, Pricing.

If you put off your home search at any point over the past two years, you may want to consider picking it back up based on today’s housing market conditions. Recent data shows the supply of homes for sale is increasing, giving buyers like you additional options. But it’s important to keep in mind that while inventory is improving, it’s still a sellers’ market. And that means you need to be prepared as you set out on your home search. Here are three tips for buying the home of your dreams today. 1. Understand How Mortgage Rates Impact Your Homebuying Power Mortgage rates have increased significantly...

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...

Category: Pricing