Today’s Housing Market Is Nothing Like 15 Years Ago

Written by Lakewood Ranch Mortgage Syndicated User on January 12, 2023. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates.

There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.

Planning To Sell Your House? It’s Critical To Hire a Pro.

Written by Lakewood Ranch Mortgage Syndicated User on December 30, 2022. Posted in For Sellers, FSBOs, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Selling Myths.

With higher mortgage rates and moderating buyer demand, conditions in the housing market are different today. And if you’re thinking of selling your house, it’s important to understand how the market has changed and what that means for you. The best way to make sure you’re in the know is to work with a trusted housing market expert. Here are five reasons working with a professional can ensure you’ll get the most out of your sale. 1. A Real Estate Advisor Is an Expert on Market Trends Leslie Rouda Smith, 2022 President of the National Association of Realtors (NAR), explains: “During challenging...

Confused About What’s Going on in the Housing Market? Lean on a Professional.

Written by Lakewood Ranch Mortgage Syndicated User on December 28, 2022. Posted in Buying Myths, For Buyers, For Sellers, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Selling Myths.

If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today. Jay Thompson, Real Estate Industry Consultant, explains: “Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry. Clickbait, the sensationalizing of headlines and content, has been an issue since the dawn of the internet, and housing news is not immune to it.” Unfortunately,...

What To Expect From the Housing Market in 2023

Written by Lakewood Ranch Mortgage Syndicated User on December 22, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Pricing.

The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before in a calendar year. This had a cascading impact on buyer activity, the balance between supply and demand, and ultimately home prices. And as all those things changed, some buyers and sellers put their plans on hold and decided to wait until the market felt a bit more predictable. But...

Homeowners Still Have Positive Equity Gains over the Past 12 Months

Written by Lakewood Ranch Mortgage Syndicated User on December 21, 2022. Posted in For Sellers, Housing Market Updates, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Pricing.

If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your home minus what you owe on the loan. Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over the past few years, home prices appreciated substantially. And while home price appreciation has moderated this year, and even depreciated slightly in some overheated markets, that doesn’t...

2023 Housing Market Forecast [INFOGRAPHIC]

Written by Lakewood Ranch Mortgage Syndicated User on December 17, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates.

Some Highlights From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation. If you’re thinking of buying or selling a home this year, let’s connect so you understand where the housing market is headed in 2023. Sources: realtor.com Home Price Expectations Survey (HPES) National Association of Realtors (NAR) Mortgage Bankers Association (MBA) Fannie Mae Freddie Mac Zelman & Associates Greg McBride, Chief Financial Analyst, Bankrate Content previously posted on Keeping Current Matters

Planning to Retire? It Could Be Time To Make a Move.

Written by Lakewood Ranch Mortgage Syndicated User on December 16, 2022. Posted in Baby Boomers, Demographics, For Sellers, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Move-Up Buyers, Senior Market.

If you’re thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs. Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about when making that decision. Consider How Long You’ve Been in Your Home From 1985 to 2008, the average length of time homeowners typically stayed in their homes was only six years. But according to the National Association of Realtors (NAR), that number is rising today, meaning...

Ready To Sell? Today’s Housing Supply Gives You Two Opportunities.

Written by Lakewood Ranch Mortgage Syndicated User on December 14, 2022. Posted in For Sellers, Housing Market Updates, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Selling Myths.

At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market. An article from Calculated Risk helps put the inventory gains the market has seen in 2022 into perspective by comparing it to recent years (see graph below). It shows supply has surpassed 2021 levels by 58%. But the further back you look, the more you’ll understand the bigger picture. And if you go all the way back to 2019, the last normal year in real estate, we’re roughly 35% below the housing...

What Every Seller Should Know About Home Prices

Written by Lakewood Ranch Mortgage Syndicated User on December 13, 2022. Posted in For Sellers, Housing Market Updates, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Selling Myths.

If you’re trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home’s value, here’s what you really need to know. What’s Really Happening with Home Prices? It’s possible you’ve seen news stories mentioning a drop in home values or home price depreciation, but it’s important to remember those headlines are designed to make a big impression in just a few words. But what headlines aren’t always great at is painting the full picture. While home prices are down slightly month-over-month...

Reasons To Sell Your House This Season [INFOGRAPHIC]

Written by Lakewood Ranch Mortgage Syndicated User on December 10, 2022. Posted in For Sellers, Housing Market Updates, Infographics, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Selling Myths.

Some Highlights If you’re planning to make a move but aren’t sure if now’s the right time, here are a few reasons why you shouldn’t wait to sell your house. The supply of homes for sale, while growing, is still low today. Plus, serious buyers are out looking right now, and many are hoping to avoid falling into the rental trap for another year. Let’s connect to determine if selling your house before the new year is the right move for you. Content previously posted on Keeping Current Matters

Category: For Sellers