Today’s Home Price Appreciation Is Great News for Existing Homeowners

Written by Port St. Lucie Mortgage Syndicated User on May 3, 2022. Posted in For Sellers, Housing Market Updates, Move-Up Buyers, Port St Lucie Mortgage, Port St. Lucie Condo Financing, Port StLucie Mortgage Rates, Pricing.

If you’re planning to sell your home this season, rising prices are great news for you. But it’s important to understand why prices are rising to begin with. One major factor is supply and demand. In any industry, when there are more buyers for an item than there are of that item available, prices naturally rise. In those situations, buyers are willing to pay more to get the product or service they’re looking for when options are scarce. And that’s exactly what’s happening in the current real estate market. Selma Hepp, Executive, Research & Insights and Deputy Chief Economist at CoreLogic,...

What You Need To Know About Selling in a Sellers’ Market

Written by Port St. Lucie Mortgage Syndicated User on April 29, 2022. Posted in For Sellers, Port St Lucie Mortgage, Port St. Lucie Condo Financing, Port StLucie Mortgage Rates, Pricing.

Even if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market. That’s because there’s a lot of talk about how strong market conditions are for people who want to sell their houses. But if you’re thinking about listing your house, you probably want to know: what does being in a sellers’ market really mean? What Is a Sellers’ Market? The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still very low. There’s a 2-month supply of homes at the current sales pace. Historically, a 6-month supply...

How Homeownership Can Help Shield You from Inflation

Written by Port St. Lucie Mortgage Syndicated User on April 27, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Port St Lucie Mortgage, Port St. Lucie Condo Financing, Port StLucie Mortgage Rates, Pricing.

If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases you have planned to ensure they’re still worthwhile. If you’ve been thinking about purchasing a home this year, you’re probably wondering if you should continue down that path or if it makes more sense to wait. While the answer depends on your situation, here’s how homeownership can help you combat...

Why This Housing Market Is Not a Bubble Ready To Pop

Written by Port St. Lucie Mortgage Syndicated User on April 22, 2022. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Port St Lucie Mortgage, Port St. Lucie Condo Financing, Port StLucie Mortgage Rates, Pricing.

Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded by the GI Bill to purchase a home. Since then, the percentage of homeowners throughout the country has increased to the current rate of 65.5%. That strong desire for homeownership has kept home values appreciating ever since. The...

Why a Real Estate Professional Is Key When Selling Your House

Written by Port St. Lucie Mortgage Syndicated User on April 15, 2022. Posted in For Sellers, FSBOs, Port St Lucie Mortgage, Port St. Lucie Condo Financing, Port StLucie Mortgage Rates, Pricing, Selling Myths.

With today’s real estate market moving as fast as it is, working with a real estate professional is more essential than ever. They have the skills, experience, and expertise it takes to navigate the highly detailed and involved process of selling a home. That may be why the percentage of people who list their houses on their own, known as a FSBO or For Sale By Owner, has reached its lowest point since 1985 (see graph below): Here are five reasons why selling with a real estate professional makes more sense, even in today’s hot market: 1. They Know What Buyers Want To See Before you decide...

The Future of Home Price Appreciation and What It Means for You

Written by Port St. Lucie Mortgage Syndicated User on April 15, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Port St Lucie Mortgage, Port St. Lucie Condo Financing, Port StLucie Mortgage Rates, Pricing.

Many consumers are wondering what will happen with home values over the next few years. Some are concerned that the recent run-up in home prices will lead to a situation similar to the housing crash 15 years ago. However, experts say the market is totally different today. For example, Odeta Kushi, Deputy Chief Economist at First American, tweeted just last week on this issue: “. . . We do need price appreciation to slow today (it’s not sustainable over the long run) but high price growth today is supported by fundamentals- short supply, lower rates & demographic demand. And we are in a...

Category: Pricing