There Are More Homes Available Now than There Were This Spring

Written by Lakeland FL Mortgage Syndicated User on November 1, 2021. Posted in For Buyers, For Sellers, Housing Market Updates, Lakeland FL Mortgage, Mortgage Lakeland FL, Move-Up Buyers.

There’s a lot of talk lately about how challenging it can be to find a home to buy. While housing inventory is still low, there are a few important things to understand about the supply of homes for sale as we move into the end of the year. The Number of Homes for Sale Usually Peaks in the Fall In the residential real estate market, trends generally follow a predictable and seasonal pattern. Typically, the number of homes available for sale (or active monthly listings) peaks in the fall. But in a chapter where so little feels normal, the question becomes: should we expect a fall peak this...

Knowledge Is Power When It Comes to Appraisals and Inspections

Written by Lakeland FL Mortgage Syndicated User on November 1, 2021. Posted in Buying Myths, Featured, First Time Home Buyers, For Buyers, Lakeland FL Mortgage, Mortgage Lakeland FL, Move-Up Buyers.

Buyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand and low housing supply are driving intense competition and leading some buyers to consider waiving those contingencies to stand out in the crowded market. But is that the best move? Buying a home is one of the most important transactions in your lifetime, and it’s critical to keep your best interests in mind. Here’s a breakdown of what to expect from the appraisal and the inspection, and why each one can potentially save you a lot of time,...

Important Distinction: Homes Are Less Affordable, Not Unaffordable

Written by Lakeland FL Mortgage Syndicated User on November 1, 2021. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Lakeland FL Mortgage, Mortgage Lakeland FL.

It’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most recent affordability statistics, we soon realize that, though homes are less affordable than they have been over the last few years, they are more affordable than they historically have been. Black Knight, a premier provider of data and analytics for the mortgage industry, just released their latest Monthly Mortgage Monitor which includes a new analysis of the affordability situation. Here’s what the...