The Surprising Trend in the Number of Homes Coming onto the Market

Written by Lakeland FL Mortgage Syndicated User on December 14, 2023. Posted in For Buyers, For Sellers, Lakeland FL Mortgage, Mortgage Lakeland FL.

If you’re thinking about moving, it’s important to know what’s happening in the housing market. Here’s an update on the supply of homes currently for sale. Whether you’re buying or selling, the number of homes in your area is something you should pay attention to.In the housing market, there are regular patterns that happen every year, called seasonality. Spring is the peak homebuying season and also when the most homes are typically listed for sale (homes coming onto the market are known in the industry as new listings). In the second half of each year, the number...

When You Sell Your House, Where Do You Plan To Go?

Written by Lakeland FL Mortgage Syndicated User on December 6, 2023. Posted in For Sellers, Lakeland FL Mortgage, Mortgage Lakeland FL, Selling Myths.

If you’re thinking about selling your house, you may have heard the supply of homes for sale is still low, and that means your house should stand out to buyers who are craving more options. But you may also be wondering, once you sell, how does the current supply impact your own move? And, will you be able to find a home you want to buy with inventory this low?One thing that can help you find your next home is exploring all your options, including both homes that have been lived in before as well as newly built ones. Let’s look at the benefits of each one.The Pros of Newly Built HomesFirst,...

Experts Project Home Prices Will Rise over the Next 5 Years

Written by Lakeland FL Mortgage Syndicated User on December 5, 2023. Posted in Buying Myths, For Buyers, For Sellers, Housing Market Updates, Lakeland FL Mortgage, Mortgage Lakeland FL, Selling Myths.

Even with so much data showing home prices are actually rising in most of the country, there are still a lot of people who worry there will be another price crash in the immediate future. In fact, a recent survey from Fannie Mae shows that 23% of consumers think prices will fall over the next 12 months. That’s nearly one in four people who are dealing with that fear – maybe you’re one of them.To help ease that concern, here’s what the experts say will happen with home prices not just next year, but over the next five years.Experts Project Ongoing AppreciationWhile seeing a small handful of expert...

3 Reasons To Sell Your House Before the New Year [INFOGRAPHIC]

Written by Lakeland FL Mortgage Syndicated User on December 2, 2023. Posted in For Sellers, Housing Market Updates, Infographics, Lakeland FL Mortgage, Mortgage Lakeland FL, Selling Myths.

Some HighlightsHere are a few reasons you may not want to hold off until the new year to sell your house. Buyers looking right now are highly motivated, the supply of homes for sale is still low, and you may find buyers are more flexible with showings this time of year.Reach out to a real estate agent to determine if selling your house now is the right move for you.

Are the Top 3 Housing Market Questions on Your Mind?

Written by Lakeland FL Mortgage Syndicated User on November 29, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Lakeland FL Mortgage, Mortgage Lakeland FL, Move-Up Buyers, Selling Myths.

When it comes to what’s happening in the housing market, there’s a lot of confusion going around right now. You may hear one thing in conversation with your friends, see something totally different on the news, and read something on social media that contradicts both of those thoughts. And, if you’re thinking about making a move, that can leave you with a lot of lingering questions. That’s where a trusted local real estate agent comes in.Here are the top 3 questions people are asking about today’s housing market, and the data to help answer them.1. What’s Next for Mortgage Rates?Mortgage rates...

Home Prices Still Growing – Just at a More Normal Pace

Written by Lakeland FL Mortgage Syndicated User on November 23, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Lakeland FL Mortgage, Mortgage Lakeland FL, Pricing.

If you’re feeling a bit muddy on what’s happening with home prices, that’s no surprise. Some people are still saying prices are falling, even though data proves otherwise. Part of that misconception is because people are getting their information from unreliable sources. But it’s also coming from some media coverage misrepresenting what the data really shows.So, to keep things simple, here’s what you really need to know using real data you can trust.Normal Home Price Seasonality Explained In the housing market, there are predictable ebbs and flows that happen each year. It’s called seasonality....

Are There Actually More Homes for Sale Right Now?

Written by Lakeland FL Mortgage Syndicated User on November 22, 2023. Posted in Buying Myths, For Buyers, For Sellers, Housing Market Updates, Lakeland FL Mortgage, Mortgage Lakeland FL, Selling Myths.

If you’re looking to make a move, you want to be sure you have the latest information on the housing market. To help make that possible, here’s an update on the supply of homes for sale today. Whether you’re looking to buy or sell, the number of homes available in your local market matters to you. Take a look below. What’s the Truth About Today’s Housing Inventory?While the story for the past few years has been how few homes are on the market, recent national data may leave you feeling a bit confused. That’s because Realtor.com shows inventory is actually growing a bit month-over-month in many...

Is Your House the Top Thing on a Buyer’s Wish List this Holiday Season?

Written by Lakeland FL Mortgage Syndicated User on November 21, 2023. Posted in For Sellers, Lakeland FL Mortgage, Mortgage Lakeland FL, Selling Myths.

This time every year, homeowners who are planning to move have a decision to make: sell now or wait until after the holidays? Some sellers with homes already on the market may even remove their listing until the new year.But the truth is, many buyers want to purchase a home for the holidays, and your house might be just what they’re looking for. As an article from Fortune Builders explains:“ . . . while a majority of people take a step back from the real estate market during the holiday months, you may find when the temperature drops, your potential for a great real estate deal starts to rise.”To...

2024 Housing Market Forecast [INFOGRAPHIC]

Written by Lakeland FL Mortgage Syndicated User on November 18, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Lakeland FL Mortgage, Mortgage Lakeland FL, Pricing.

Some HighlightsThinking of buying or selling a house and wondering what the new year holds for the housing market? Experts forecast home prices to end this year up 2.8% and to rise another 1.5% in 2024. And climbing prices help make homeownership a good investment.Plus, home sales are projected to increase in 2024. That’s good news because it means experts are forecasting more activity as people continue to move.If you’re planning to buy or sell, it’s helpful to know what experts project for the housing market. Connect with a local real estate agent to talk about the latest forecasts and...

People Are Still Moving, Even with Today’s Affordability Challenges

Written by Lakeland FL Mortgage Syndicated User on November 17, 2023. Posted in Buying Myths, For Buyers, For Sellers, Housing Market Updates, Lakeland FL Mortgage, Mortgage Lakeland FL, Selling Myths.

If you’re thinking about buying or selling a home, you might have heard that it’s tough right now because mortgage rates are higher than they’ve been over the past few years, and home prices are rising. That much is true. Take a look at the graph below. It breaks down how the current affordability situation stacks up to recent years. The National Association of Realtors (NAR) explains how to read the values on the graph:“To interpret the indices, a value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median-priced home.”The black...

Category: For Sellers